What is Northrim BanCorp, Inc.'s Shariah compliance score?

Northrim BanCorp, Inc.'s (NRIM) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Northrim BanCorp, Inc. pass AAOIFI screening?

Northrim BanCorp, Inc. (NRIM) 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% (NRIM: 14.2%), (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 Northrim BanCorp, Inc. 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 Northrim BanCorp, Inc. (NRIM) using the latest financial data.

Where can I screen Northrim BanCorp, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Northrim BanCorp, Inc. (NRIM) 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 NRIM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NRIM: Is Northrim BanCorp, Inc. Halal?

Northrim BanCorp, Inc.

NASDAQFinancial ServicesUS

$25.63

+0.33%

Market Cap: 570.1M

Compliance Status

Not Halal

Screened on Sep 3, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates Northrim BanCorp, Inc. (NRIM) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 3, 2026. Source: https://halalscreener.app/en/stock/NRIM

AvoidBorderlineClean

Business activity

Involved in prohibited business activities.

Failed

Company debt

Well clear of the limit

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

14.2% of 30.0% limit

What this means for you

Most scholars advise not holding NRIM

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Northrim BanCorp, Inc.

Northrim BanCorp, Inc. functions as the parent entity for Northrim Bank, which delivers a comprehensive range of commercial banking products and services primarily to businesses and professional clients. Its operations are divided into two main divisions: Community Banking and Home Mortgage Lending. The bank offers a diverse suite of deposit accounts, including noninterest-bearing checking accounts, interest-bearing time deposits, standard checking and savings accounts, individual retirement accounts (IRAs), money market deposit accounts, certificates of deposit (CDs), and specialized business sweep accounts. For lending needs, it provides various short and medium-term commercial loans, commercial lines of credit, construction and real estate financing, consumer loans, and solutions for short-term working capital. Customers benefit from extensive digital and convenience services such as consumer and business online banking, a mobile app with mobile deposit capabilities, mobile web and text banking, online account opening, personal finance management tools, digital document access, and a variety of debit and credit card offerings. Further convenience is provided through telebanking and automated teller machines (ATMs). Northrim also facilitates numerous financial transactions and business solutions, including personalized checks, overdraft protection via savings accounts, commercial drive-up banking, automated transfers and payments, peer-to-peer payments (People Pay), external and wire transfers, Bill Pay, direct payroll deposits, electronic tax payments, and comprehensive Automated Clearing House (ACH) origination and receipt services. Advanced business tools include remote deposit capture, account reconciliation, positive pay for fraud prevention, merchant services, and robust cash management solutions. Additionally, it offers annuity products and long-term investment portfolio management. Beyond traditional banking, the company extends its services to include investment advisory, trust services, wealth management, factoring, and mortgage brokerage. As of January 28, 2022, Northrim BanCorp operated 17 branches situated in key Alaskan locations: Anchorage (where its headquarters are located), the Matanuska Valley, Soldotna, Juneau, Fairbanks, Ketchikan, and Sitka. The company was established in 1990.

Sector: Financial Services · Industry: Banks - Regional

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 3, 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: 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:

GLDA+

SPDR Gold Shares

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+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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Frequently Asked Questions

Is Northrim BanCorp, Inc. (NRIM) halal to invest in?

Northrim BanCorp, Inc. (NRIM) 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 Northrim BanCorp, Inc. get a F compliance rating?

Northrim BanCorp, Inc. (NRIM) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 14.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Northrim BanCorp, Inc.'s Shariah verdict?

Northrim BanCorp, Inc.'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 Northrim BanCorp, Inc. re-screened for Shariah compliance?

Northrim BanCorp, Inc. (NRIM) 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: Sep 3, 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.