Is Chemung Financial Corp. CHMG stock halal to invest in?

No, as of August 2026, Chemung Financial Corp. stock (CHMG) 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. Chemung Financial Corp. 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 Chemung Financial Corp. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Chemung Financial Corp. CHMG reviewed for Shariah compliance?

Tabadulat reviews Chemung Financial Corp. CHMG 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 Chemung Financial Corp. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Chemung Financial Corp. CHMG pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, Chemung Financial Corp. stock (CHMG) 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. Chemung Financial Corp.'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 Chemung Financial Corp. CHMG pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Chemung Financial Corp. stock (CHMG) 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). Chemung Financial Corp.'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 Chemung Financial Corp. CHMG pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Chemung Financial Corp. stock (CHMG) 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. Chemung Financial Corp.'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 Chemung Financial Corp. CHMG stock?

Chemung Financial Corp. (CHMG) 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 Chemung Financial Corp. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Chemung Financial Corp. CHMG pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Chemung Financial Corp. stock (CHMG) 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. Chemung Financial Corp. 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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العربية

Chemung Financial Corp.

NASDAQ

Shariah-Compliant

Not Shariah

CHMG

About

Chemung Financial Corp.

CHMG

Chemung Financial Corp. is a diversified financial services company that operates in the banking sector. It plays a crucial role in providing a range of traditional banking products and services to both individual and commercial clients. These services include checking and savings accounts, consumer loans, mortgages, and commercial lending solutions. Chemung Financial Corp. also offers investment and trust services, allowing clients to manage wealth, plan for retirement, and conduct estate planning efficiently. The company primarily services communities in the Northeast United States, contributing significantly to local economic growth by supporting small businesses and providing personal financial solutions. Its community banking approach emphasizes personalized customer relationships, distinguishing it from larger, less personal financial institutions. Additionally, Chemung Financial Corp. invests in technology to enhance its digital and mobile banking capabilities, ensuring clients have access to modern banking conveniences. Through its comprehensive service offerings and community-focused strategy, Chemung Financial Corp. stands as a key player in the regional banking sector, fostering financial stability and growth in the areas it serves.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

343

Website:

https://www.chemungcanal.com

CHMG

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Chemung Financial Corp.

About

Chemung Financial Corp.

CHMG

Frequently asked questions

Is Chemung Financial Corp. CHMG stock halal to invest in?

How often is Chemung Financial Corp. CHMG reviewed for Shariah compliance?

Does Chemung Financial Corp. CHMG pass the AAOIFI Non Permissible Income criteria?

Does Chemung Financial Corp. CHMG pass the AAOIFI Interest Bearing Investments criteria?

Does Chemung Financial Corp. CHMG pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Chemung Financial Corp. CHMG stock?

Does Chemung Financial Corp. CHMG pass the AAOIFI Preference Share screen?

Can I buy Chemung Financial (CHMG) stock on Tabadulat?

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