What is Narragansett Bancorp, Inc.'s Shariah compliance score?

Narragansett Bancorp, Inc. (NARA) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Narragansett Bancorp, Inc. pass AAOIFI screening?

Narragansett Bancorp, Inc. (NARA) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. NARA's debt-to-market-cap is 36.8%.

How much purification is needed for Narragansett Bancorp, Inc.?

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 percentage and amount for Narragansett Bancorp, Inc. (NARA) using the latest financial data.

Where can I screen Narragansett Bancorp, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Narragansett Bancorp, Inc. (NARA) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

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Is Narragansett Bancorp (NARA) Stock Halal?

Compliance Status

Not Halal

Screened on Nov 4, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates Narragansett Bancorp, Inc. (NARA) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Nov 4, 2026. Source: https://halalscreener.app/en/stock/NARA

AvoidBorderlineClean

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%.

36.8% of 30.0% limit

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The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding NARA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

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NARA

Narragansett Bancorp, Inc.

NASDAQFinancial ServicesUS

$10.92

Market Cap: 231.1M

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About Narragansett Bancorp, Inc.

Narragansett Bancorp, Inc. is a Maryland corporation and the mid-tier stock holding company for BayCoast Bank, a Massachusetts-chartered savings bank headquartered in Swansea, Massachusetts and originally chartered in 1851. BayCoast Bank operates a main office and 25 full-service branches across Massachusetts and Rhode Island, plus two loan production offices. It takes deposits and invests them in commercial real estate, multi-family, one- to four-family residential, home equity, commercial business, construction and consumer loans, and in securities. Fee-based subsidiaries include BayCoast Mortgage, Plimoth Investment Advisors (investment management and trust), BayCoast Insurance, Priority Funding (manufactured home loans) and Stack Ally (data integration and automation). The company completed its minority stock offering in November 2026. Narragansett Financial Corporation, a mutual holding company, owns 55% of the shares, public stockholders 43% and the BayCoast Charitable Foundation 2%.

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 36.8% 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 Nov 4, 2026

AI Compliance InsightProSee plans

Business Activity Screen

Failed

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

Prohibited industry: Banks - Regional

Revenue BreakdownProSee plans

Compliance History

Not Halal, unchanged since Nov 2026.

No status changes recorded since we began tracking.

Tracked since Nov 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:

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$372.49

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$47.16

PSLVA+

Sprott Physical Silver Trust

$16.98

PHYSA+

Sprott Physical Gold Trust

$30.67

CEFA+

Sprott Physical Gold and Silver Trust

$39.02

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Frequently Asked Questions

Is Narragansett Bancorp, Inc. (NARA) halal to invest in?

Narragansett Bancorp, Inc. (NARA) 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 Narragansett Bancorp, Inc. get a F compliance rating?

Narragansett Bancorp, Inc. (NARA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 36.8% (limit 30%); interest-bearing deposits close to the 30% limit; prohibited income over the 5% limit. The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Narragansett Bancorp, Inc.'s Shariah verdict?

Narragansett Bancorp, Inc.'s verdict is recalculated at every re-screen, including the one that follows each new quarterly or annual report. 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 Narragansett Bancorp, Inc. re-screened for Shariah compliance?

Narragansett Bancorp, Inc. (NARA) is screened from the latest financial statements on record, currently those for fiscal Q2 2026. The 500 largest US-listed companies, and every stock on a HalalScreener watchlist or portfolio, are re-screened daily against the current market cap; every other stock at least once a week. When the company files a new quarterly or annual report with the SEC, it is re-screened from that filing: we check the SEC's filing feed every 15 minutes and the earnings calendar every day. Last screened: Nov 4, 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.