Is Bar Harbor Bankshares BHB stock halal to invest in?

No, as of August 2026, Bar Harbor Bankshares stock (BHB) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Bar Harbor Bankshares currently does not meet the threshold for the non-permissible income and interest-bearing debt screens. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Bar Harbor Bankshares and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Bar Harbor Bankshares BHB reviewed for Shariah compliance?

Tabadulat reviews Bar Harbor Bankshares BHB 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 Monthly screening ensures the status shown for Bar Harbor Bankshares reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Bar Harbor Bankshares BHB pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, Bar Harbor Bankshares stock (BHB) 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. Bar Harbor Bankshares'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 Bar Harbor Bankshares BHB pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Bar Harbor Bankshares stock (BHB) passes 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. This limit ensures shareholders are not materially profiting from riba (interest). Bar Harbor Bankshares's interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Bar Harbor Bankshares BHB pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Bar Harbor Bankshares stock (BHB) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. Bar Harbor Bankshares's interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Bar Harbor Bankshares BHB stock?

Bar Harbor Bankshares (BHB) 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 Bar Harbor Bankshares returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Bar Harbor Bankshares BHB pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Bar Harbor Bankshares stock (BHB) 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. Bar Harbor Bankshares 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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Bar Harbor Bankshares

NYSE

Shariah-Compliant

Not Shariah

BHB

About

Bar Harbor Bankshares

BHB

Bar Harbor Bankshares is a financial services company that operates as the parent company of Bar Harbor Bank & Trust. Primarily serving the communities in Northern New England, it provides a variety of banking products and services tailored to individuals, businesses, and municipalities. The bank offers traditional services such as checking and savings accounts, mortgage and personal lending, and comprehensive commercial banking solutions. Additionally, it provides investment management and trust services, supporting a wide range of financial needs for its clients. The company plays a vital role in the local economy by facilitating growth and development through its lending products and community-focused initiatives. Bar Harbor Bankshares, through its regional presence, significantly impacts sectors such as real estate, healthcare, and small business, supporting economic stability and growth. Its commitment to customer service and community involvement contributes to its reputation as a reliable financial institution in the area.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

458

Website:

https://www.barharbor.bank

BHB

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Bar Harbor Bankshares

About

Bar Harbor Bankshares

BHB

Frequently asked questions

Is Bar Harbor Bankshares BHB stock halal to invest in?

How often is Bar Harbor Bankshares BHB reviewed for Shariah compliance?

Does Bar Harbor Bankshares BHB pass the AAOIFI Non Permissible Income criteria?

Does Bar Harbor Bankshares BHB pass the AAOIFI Interest Bearing Investments criteria?

Does Bar Harbor Bankshares BHB pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Bar Harbor Bankshares BHB stock?

Does Bar Harbor Bankshares BHB pass the AAOIFI Preference Share screen?

Can I buy Bar Harbor Bankshares (BHB) stock on Tabadulat?

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