Is Bridgewater Bancshares, Inc. BWB stock halal to invest in?

No, as of August 2026, Bridgewater Bancshares, Inc. stock (BWB) 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. Bridgewater Bancshares, Inc. currently does not meet the threshold for the non-permissible income, interest-bearing investments 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 Bridgewater Bancshares, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Bridgewater Bancshares, Inc. BWB reviewed for Shariah compliance?

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screening ensures the status shown for Bridgewater Bancshares, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

No, as of August 2026, Bridgewater Bancshares, Inc. stock (BWB) 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. Bridgewater Bancshares, Inc.'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 Bridgewater Bancshares, Inc. BWB pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, Bridgewater Bancshares, Inc. stock (BWB) 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. Bridgewater Bancshares, Inc.'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 Bridgewater Bancshares, Inc. BWB pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Bridgewater Bancshares, Inc. stock (BWB) 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. Bridgewater Bancshares, Inc.'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 Bridgewater Bancshares, Inc. BWB stock?

Bridgewater Bancshares, Inc. (BWB) 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 Bridgewater Bancshares, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Bridgewater Bancshares, Inc. BWB pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Bridgewater Bancshares, Inc. stock (BWB) 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. Bridgewater Bancshares, Inc. 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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Bridgewater Bancshares, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

BWB

About

Bridgewater Bancshares, Inc.

BWB

Bridgewater Bancshares Inc. is a financial services company headquartered in Minnesota, specializing in providing commercial banking services. Its primary purpose is to serve the banking needs of small to medium-sized businesses and individuals, emphasizing personalized service and relationship-driven banking. Notable features of Bridgewater Bancshares include a comprehensive range of deposit products, commercial real estate lending, small business lending, and cash management services. The company operates through its network of locations across the Twin Cities metropolitan area, aiming to provide local businesses and consumers with efficient financial solutions tailored to their needs. As a key player in the regional banking sector, Bridgewater Bancshares has carved a niche by focusing on agility and customer-centric services, thus playing an important role in supporting the economic growth of the communities it serves. By leveraging its strong local knowledge and expertise, Bridgewater Bancshares continues to contribute to the stability and development of the financial landscape in its region.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

325

Website:

https://www.bridgewaterbankmn.com

BWB

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Bridgewater Bancshares, Inc.

About

Bridgewater Bancshares, Inc.

BWB

Frequently asked questions

Is Bridgewater Bancshares, Inc. BWB stock halal to invest in?

How often is Bridgewater Bancshares, Inc. BWB reviewed for Shariah compliance?

Does Bridgewater Bancshares, Inc. BWB pass the AAOIFI Non Permissible Income criteria?

Does Bridgewater Bancshares, Inc. BWB pass the AAOIFI Interest Bearing Investments criteria?

Does Bridgewater Bancshares, Inc. BWB pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Bridgewater Bancshares, Inc. BWB stock?

Does Bridgewater Bancshares, Inc. BWB pass the AAOIFI Preference Share screen?

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