Is ChoiceOne Financial Services, Inc. COFS stock halal to invest in?

No, as of August 2026, ChoiceOne Financial Services, Inc. stock (COFS) 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. ChoiceOne Financial Services, 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 ChoiceOne Financial Services, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is ChoiceOne Financial Services, Inc. COFS reviewed for Shariah compliance?

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ensures the status shown for ChoiceOne Financial Services, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

No, as of August 2026, ChoiceOne Financial Services, Inc. stock (COFS) 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. ChoiceOne Financial Services, 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 ChoiceOne Financial Services, Inc. COFS pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, ChoiceOne Financial Services, Inc. stock (COFS) 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). ChoiceOne Financial Services, 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 ChoiceOne Financial Services, Inc. COFS pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, ChoiceOne Financial Services, Inc. stock (COFS) 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. ChoiceOne Financial Services, 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 ChoiceOne Financial Services, Inc. COFS stock?

ChoiceOne Financial Services, Inc. (COFS) 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 ChoiceOne Financial Services, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does ChoiceOne Financial Services, Inc. COFS pass the AAOIFI Preference Share screen?

Yes, as of August 2026, ChoiceOne Financial Services, Inc. stock (COFS) 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. ChoiceOne Financial Services, 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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ChoiceOne Financial Services, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

COFS

About

ChoiceOne Financial Services, Inc.

COFS

ChoiceOne Financial Services Inc. is a community-focused bank holding company headquartered in Sparta, Michigan. Its primary function is to provide a diverse range of financial services and products to individual and business clients within its market area. These services include traditional banking offerings such as checking and savings accounts, personal and business loans, as well as mortgage financing and investment advisory services. With a strong commitment to serving local communities, ChoiceOne Financial Services Inc. plays a vital role in supporting regional economic development. By tailoring their services to meet the unique needs of residents and businesses in the area, the company helps facilitate growth and financial stability in the region. In the financial market, ChoiceOne Financial Services Inc. is recognized for its customer-centric approach and community banking model which prioritize personalized service and relationship building. The company operates through a network of branch locations which enhance its accessibility and customer service delivery. As a result, ChoiceOne Financial Services Inc. is regarded as a significant contributor to the health and vitality of the local economies it serves.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

573

Website:

https://www.choiceone.bank

COFS

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ChoiceOne Financial Services, Inc.

About

ChoiceOne Financial Services, Inc.

COFS

Frequently asked questions

Is ChoiceOne Financial Services, Inc. COFS stock halal to invest in?

How often is ChoiceOne Financial Services, Inc. COFS reviewed for Shariah compliance?

Does ChoiceOne Financial Services, Inc. COFS pass the AAOIFI Non Permissible Income criteria?

Does ChoiceOne Financial Services, Inc. COFS pass the AAOIFI Interest Bearing Investments criteria?

Does ChoiceOne Financial Services, Inc. COFS pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for ChoiceOne Financial Services, Inc. COFS stock?

Does ChoiceOne Financial Services, Inc. COFS pass the AAOIFI Preference Share screen?

Can I buy ChoiceOne Financial Services (COFS) stock on Tabadulat?

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