How often is Citizens Community Bancorp, Inc. (Wisconsin) CZWI reviewed for Shariah compliance?

Tabadulat reviews Citizens Community Bancorp, Inc. (Wisconsin) CZWI for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Citizens Community Bancorp, Inc. (Wisconsin) reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Citizens Community Bancorp, Inc. (Wisconsin) CZWI pass the AAOIFI Non Permissible Income criteria?

No, as of September 2026, Citizens Community Bancorp, Inc. (Wisconsin) stock (CZWI) does not pass the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or Riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Citizens Community Bancorp, Inc. (Wisconsin)'s income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does Citizens Community Bancorp, Inc. (Wisconsin) CZWI pass the AAOIFI Interest Bearing Investments criteria?

No, as of September 2026, Citizens Community Bancorp, Inc. (Wisconsin) stock (CZWI) does not pass the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. Citizens Community Bancorp, Inc. (Wisconsin)'s interest-bearing investments currently exceed this 30% limit, meaning too large a share of the company's value derives from Riba-based instruments for the stock to qualify as Halal on this criterion. The ratio moves with both the balance sheet and the share price, and is reassessed monthly.

Does Citizens Community Bancorp, Inc. (Wisconsin) CZWI pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of September 2026, Citizens Community Bancorp, Inc. (Wisconsin) stock (CZWI) passes the AAOIFI interest-bearing debt screen. AAOIFI tolerates some conventional borrowing but draws the line at 30% of market capitalisation. On the latest data, Citizens Community Bancorp, Inc. (Wisconsin)'s interest-bearing debt stays below the line. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Citizens Community Bancorp, Inc. (Wisconsin) CZWI stock?

Citizens Community Bancorp, Inc. (Wisconsin) (CZWI) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (Tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a Halal investment. If Citizens Community Bancorp, Inc. (Wisconsin) returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Citizens Community Bancorp, Inc. (Wisconsin) CZWI pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Citizens Community Bancorp, Inc. (Wisconsin) stock (CZWI) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Citizens Community Bancorp, Inc. (Wisconsin) has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Is Citizens Community Bancorp, Inc. (Wisconsin) (CZWI) stock Halal?

NASDAQ

Shariah-Compliant

Not Shariah

September 2026 AAOIFI screening result for Citizens Community Bancorp, Inc. (Wisconsin) (CZWI): non-permissible income, fail. Interest-bearing investments, fail. Interest-bearing debt, pass. Preference shares, pass. Citizens Community Bancorp, Inc. (Wisconsin) is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

207

Website:

https://ccf.us

Market cap:

P/E ratio:

Dividend yield:

52-week range:

Data as of:

Screening history:

September 2026: FAIL

Citizens Community Bancorp (Wisconsin) is a bank holding company that primarily operates through its subsidiary, Citizens Community Federal National Association. The company is focused on providing a comprehensive range of financial products and services to individuals and small to medium-sized businesses. With a regional footprint primarily in the upper Midwest of the United States, Citizens Community Bancorp plays a crucial role in serving community banking needs. Before any of that matters to a Muslim investor, one question comes first: is Citizens Community Bancorp, Inc. (Wisconsin) stock Halal?

Is Citizens Community Bancorp, Inc. (Wisconsin) Shariah compliant?

In financial services the activity screen carries the verdict more often than anywhere else: AAOIFI Shariah Standard No. 21 draws a hard line between fee based, permissible services and earning Riba as a business model. For Citizens Community Bancorp, Inc. (Wisconsin), that distinction comes first, with the debt and investment ratios behind it.

Does Citizens Community Bancorp, Inc. (Wisconsin) pass the business activity test?

The activity screen is only part of the picture this month: Citizens Community Bancorp, Inc. (Wisconsin) currently fails the non-permissible income and interest-bearing investments screens, so the overall verdict is not compliant regardless of the business itself. The watch item in this sector is the sharpest of all: revenue must come from permissible services, not from lending at interest.

Is Citizens Community Bancorp, Inc. (Wisconsin)'s income Halal?

No. Citizens Community Bancorp, Inc. (Wisconsin)'s income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.

Does Citizens Community Bancorp, Inc. (Wisconsin) meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing investments currently exceed the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the four screens? Read What is Riba? A Clear Guide for Ethical Muslim Investing

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