Is ConnectOne Bancorp, Inc. CNOB stock halal to invest in?

No, as of August 2026, ConnectOne Bancorp, Inc. stock (CNOB) 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. ConnectOne Bancorp, Inc. 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 ConnectOne Bancorp, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is ConnectOne Bancorp, Inc. CNOB reviewed for Shariah compliance?

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Monthly screening ensures the status shown for ConnectOne Bancorp, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

No, as of August 2026, ConnectOne Bancorp, Inc. stock (CNOB) 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. ConnectOne Bancorp, 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 ConnectOne Bancorp, Inc. CNOB pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, ConnectOne Bancorp, Inc. stock (CNOB) 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). ConnectOne Bancorp, Inc.'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 ConnectOne Bancorp, Inc. CNOB pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, ConnectOne Bancorp, Inc. stock (CNOB) 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. ConnectOne Bancorp, 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 ConnectOne Bancorp, Inc. CNOB stock?

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

Does ConnectOne Bancorp, Inc. CNOB pass the AAOIFI Preference Share screen?

Yes, as of August 2026, ConnectOne Bancorp, Inc. stock (CNOB) 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. ConnectOne Bancorp, 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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English

العربية

ConnectOne Bancorp, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

CNOB

About

ConnectOne Bancorp, Inc.

CNOB

ConnectOne Bancorp Inc. is a financial holding company that provides a comprehensive suite of banking services primarily through its subsidiary, ConnectOne Bank. With its headquarters in Englewood Cliffs, New Jersey, the bank is committed to serving communities across New York and New Jersey by offering traditional banking products such as checking, savings, and loan services. ConnectOne Bancorp emphasizes relationship banking, which means it focuses on personalized services to meet the needs of local businesses, entrepreneurs, and residents. The company is distinguished by its focus on leveraging technology to enhance customer service, streamlining the banking experience both in-branch and online. ConnectOne operates in a competitive banking industry, addressing the financial needs of various sectors including real estate, construction, and small business, making it a key player in regional economic development. On the financial market, ConnectOne Bancorp Inc. is recognized for its stable performance and commitment to financial soundness, offering good insights into regional economic health. Its ability to adapt to market conditions while supporting local economies makes ConnectOne Bancorp an integral part of the financial services landscape in its operational areas.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

489

Website:

https://www.connectonebank.com

CNOB

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ConnectOne Bancorp, Inc.

About

ConnectOne Bancorp, Inc.

CNOB

Frequently asked questions

Is ConnectOne Bancorp, Inc. CNOB stock halal to invest in?

How often is ConnectOne Bancorp, Inc. CNOB reviewed for Shariah compliance?

Does ConnectOne Bancorp, Inc. CNOB pass the AAOIFI Non Permissible Income criteria?

Does ConnectOne Bancorp, Inc. CNOB pass the AAOIFI Interest Bearing Investments criteria?

Does ConnectOne Bancorp, Inc. CNOB pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for ConnectOne Bancorp, Inc. CNOB stock?

Does ConnectOne Bancorp, Inc. CNOB pass the AAOIFI Preference Share screen?

Can I buy ConnectOne Bancorp (CNOB) stock on Tabadulat?

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