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MRBKNot HalalF
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Compliance Status

Not Halal

Screened on Oct 8, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Meridian Corporation (MRBK) halal? Not Halal. Based on AAOIFI screening, Meridian Corporation has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

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HalalScreener rates Meridian Corporation (MRBK) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/MRBK

Business activity

Involved in prohibited business activities.

Failed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

71.3% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding MRBK

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Meridian Corporation

MRBK: Is Meridian Corporation Halal?

Meridian Corporation

NASDAQFinancial ServicesUS

$18.64

Market Cap: 221.6M

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About Meridian Corporation

Meridian Corporation functions as the parent company for Meridian Bank, which provides a comprehensive range of commercial banking products and services throughout Pennsylvania, New Jersey, Delaware, and Maryland. The bank's deposit offerings include various account types such as non-interest-bearing and interest-bearing demand accounts, savings accounts, money market accounts, and certificates of deposit. It extends commercial and industrial financing solutions, encompassing business lines of credit, term loans, small business lending, lease financing, and participation in shared national credit facilities. Additionally, Meridian Bank funds commercial real estate endeavors, as well as land development and construction projects for both residential and commercial properties. Other services include consumer and home equity lending, private banking, merchant services, and title and land settlement assistance. The company is also engaged in originating and servicing mortgage loans for 1-4 family residences. Its expanded service portfolio features real estate holding, investment advisory, and equipment leasing options. With its corporate headquarters located in Malvern, Pennsylvania, the institution operates through a network comprising six full-service branches and nineteen other satellite offices. Meridian Corporation was founded in 2004.

Sector: Financial Services · Industry: Banks - Regional

Why this does not pass

  • Business activity: the company earns from an activity AAOIFI treats as prohibited.
  • Interest-bearing debt is 71.3% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 8, 2026

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Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

  • Prohibited industry: Banks - Regional

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

SPDR Gold Shares
GLDA+

SPDR Gold Shares

$384.58

iShares Silver Trust
SLVA+

iShares Silver Trust

$54.78

Sprott Physical Silver Trust
PSLVA+

Sprott Physical Silver Trust

$19.89

Sprott Physical Gold Trust
PHYSA+

Sprott Physical Gold Trust

$31.70

Sprott Physical Gold and Silver Trust
CEFA+

Sprott Physical Gold and Silver Trust

$41.67

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Frequently Asked Questions

Is Meridian Corporation (MRBK) halal to invest in?
Meridian Corporation (MRBK) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Meridian Corporation get a F compliance rating?
Meridian Corporation (MRBK) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 71.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Meridian Corporation's Shariah verdict?
Meridian Corporation's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Meridian Corporation re-screened for Shariah compliance?
Meridian Corporation (MRBK) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Oct 8, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.