What is MVB Financial Corp.'s Shariah compliance score?

MVB Financial Corp.'s (MVBF) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does MVB Financial Corp. pass AAOIFI screening?

MVB Financial Corp. (MVBF) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (MVBF: 19.8%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for MVB Financial Corp. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for MVB Financial Corp. (MVBF) using the latest financial data.

Where can I screen MVB Financial Corp. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for MVB Financial Corp. (MVBF) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about MVBF's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MVBF: Is MVB Financial Corp. Halal?

MVB Financial Corp.

NASDAQFinancial ServicesUS

$29.97

-1.48%

Market Cap: 385.1M

Compliance Status

Not Halal

Screened on Aug 30, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates MVB Financial Corp. (MVBF) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Aug 30, 2026. Source: https://halalscreener.app/en/stock/MVBF

AvoidBorderlineClean

Business activity

Involved in prohibited business activities.

Failed

Company debt

Within the limit

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

19.8% of 30.0% limit

What this means for you

Most scholars advise not holding MVBF

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About MVB Financial Corp.

MVB Financial Corp. operates as a financial holding company, delivering a comprehensive suite of financial services to both individual consumers and corporate clients. The company serves customers across the Mid-Atlantic region and extends its reach internationally. Its operations are structured into three primary divisions: CoRe Banking, Mortgage Banking, and Financial Holding Company. Within its core banking offerings, MVB provides a variety of deposit accounts, including checking, savings, money market, and certificates of deposit. The company also extends credit solutions, such as commercial, consumer, and real estate mortgage loans, alongside various lines of credit. An array of supplementary banking services includes debit cards, cashier's checks, safe deposit box rentals, and non-deposit investment options. Notably, it also specializes in financial technology (Fintech) banking services. Beyond traditional banking, MVB Financial Corp. offers title insurance. It further provides an integrated range of services encompassing regulatory compliance, state licensing, financial crime prevention, and enterprise risk management; these solutions cover consulting, outsourcing, testing, and training. Moreover, the firm delivers customizable fraud prevention services designed for merchants, credit agencies, Fintech companies, and other vendors. It also engages in consulting for the development of online and mobile banking platforms and digital products for Fintech entities, concurrently undertaking software development projects. As of December 31, 2021, MVB maintained a physical presence with eight full-service branches, comprising six in West Virginia and two in Virginia. Established in 1997, the company's headquarters are situated in Fairmont, West Virginia.

Sector: Financial Services · Industry: Banks - Regional

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 30, 2026

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 May 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Financial Services

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

GLDA+

SPDR Gold Shares

$396.75

+0.17%

SLVA+

iShares Silver Trust

$57.92

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

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PayPal Holdings, Inc.

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BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is MVB Financial Corp. (MVBF) halal to invest in?

MVB Financial Corp. (MVBF) 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 MVB Financial Corp. get a F compliance rating?

MVB Financial Corp. (MVBF) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 19.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change MVB Financial Corp.'s Shariah verdict?

MVB Financial Corp.'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 MVB Financial Corp. re-screened for Shariah compliance?

MVB Financial Corp. (MVBF) 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: Aug 30, 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.