What is Richmond Mutual Bancorporation, Inc.'s Shariah compliance score?

Richmond Mutual Bancorporation, Inc.'s (RMBI) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Richmond Mutual Bancorporation, Inc. pass AAOIFI screening?

Richmond Mutual Bancorporation, Inc. (RMBI) 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% (RMBI: 98.5%), (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 Richmond Mutual Bancorporation, 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 Richmond Mutual Bancorporation, Inc. (RMBI) using the latest financial data.

Where can I screen Richmond Mutual Bancorporation, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Richmond Mutual Bancorporation, Inc. (RMBI) 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 RMBI's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

RMBI: Is Richmond Mutual Bancorporation, Inc. Halal?

Richmond Mutual Bancorporation, Inc.

NASDAQFinancial ServicesUS

$15.96

-1.18%

Market Cap: 255.9M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

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%.

98.5% of 30.0% limit

What this means for you

Most scholars advise not holding RMBI

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Richmond Mutual Bancorporation, Inc.

Richmond Mutual Bancorporation, Inc. serves as the parent organization for First Bank Richmond, offering a diverse array of banking and financial services. The company facilitates various deposit accounts, including savings, money market, NOW, demand deposit, and certificates of deposit. Its lending portfolio encompasses numerous loan types, such as multi-family and commercial real estate, commercial and industrial, construction and development, residential real estate, and consumer loans. Additionally, it engages in lease financing and provides fee-based financial services, including trust and estate administration, investment management, retirement plan administration, and private banking. Established in 1887 and headquartered in Richmond, Indiana, the firm operates through 12 full-service and one limited-service banking offices, with eight located across Indiana and five in Ohio. A loan production office in Columbus, Ohio, further extends its reach.

Sector: Financial Services · Industry: Banks - Regional

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 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 Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 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

$398.55

+0.17%

SLVA+

iShares Silver Trust

$57.44

+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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Free · No credit card required

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Frequently Asked Questions

Is Richmond Mutual Bancorporation, Inc. (RMBI) halal to invest in?

Richmond Mutual Bancorporation, Inc. (RMBI) 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 Richmond Mutual Bancorporation, Inc. get a F compliance rating?

Richmond Mutual Bancorporation, Inc. (RMBI) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 98.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Richmond Mutual Bancorporation, Inc.'s Shariah verdict?

Richmond Mutual Bancorporation, 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 Richmond Mutual Bancorporation, Inc. re-screened for Shariah compliance?

Richmond Mutual Bancorporation, Inc. (RMBI) 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 26, 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.