Is NSTS Bancorp (NSTS) stock Halal?

NSTS Bancorp is a financial holding company primarily engaged in the provision of banking services through its subsidiary, North Shore Trust and Savings. The company's core function is to deliver a range of financial products and services tailored to meet the needs of both individual customers and local businesses. Through its operations, Nsts Bancorp offers traditional banking solutions such as checking and savings accounts, personal and commercial loans, and mortgage products. For Muslim investors, though, the most pressing question is simpler: is NSTS Bancorp a Halal investment?

Is NSTS Bancorp Shariah compliant?

No. In the October 2026 screening NSTS Bancorp (NSTS) does not pass AAOIFI screening: it fails the non-permissible income screen. Finance is the sector where Shariah screening does the most work, because Riba is not incidental here, it can be the product itself. NSTS Bancorp passes the business activity screen only if its revenue comes from permissible services rather than lending at interest, and the financial screens of AAOIFI Shariah Standard No. 21 still apply in full.

Does NSTS Bancorp pass the business activity test?

The activity screen is only part of the picture this month: NSTS Bancorp currently fails the non-permissible income screen, 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 NSTS Bancorp's income Halal?

No. NSTS Bancorp'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 NSTS Bancorp meet AAOIFI's debt and investment ratio requirements?

Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation, measured against a market capitalisation of $74.9M (market data as of 1 October 2026). Because the caps move with the share price, our Shariah Supervisory Board has NSTS re-screened every month, and the result above always shows the latest verdict.

Why do other halal screeners show a different verdict for NSTS Bancorp?

Screeners can disagree without either being wrong. AAOIFI Shariah Standard No. 21, which Tabadulat applies, measures interest bearing debt and investments against market capitalisation with a 30% ceiling. MSCI and FTSE measure them against total assets with a 33% ceiling, and S&P and Dow Jones Islamic use a multi year average of market capitalisation. Data dates differ too, because each provider reads filings and prices on its own schedule. The same company can therefore pass one standard and fail another in the same month. Tabadulat publishes one answer, the AAOIFI result as of October 2026, and re-screens it every month.

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 screening method? Read What is Riba? A Clear Guide for Ethical Muslim Investing