Is First Guaranty Bancshares, Inc. FGBI stock halal to invest in?

No, as of August 2026, First Guaranty Bancshares, Inc. stock (FGBI) 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. First Guaranty 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 First Guaranty Bancshares, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is First Guaranty Bancshares, Inc. FGBI reviewed for Shariah compliance?

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screening ensures the status shown for First Guaranty Bancshares, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

No, as of August 2026, First Guaranty Bancshares, Inc. stock (FGBI) 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. First Guaranty 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 First Guaranty Bancshares, Inc. FGBI pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, First Guaranty Bancshares, Inc. stock (FGBI) 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. First Guaranty 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 First Guaranty Bancshares, Inc. FGBI pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, First Guaranty Bancshares, Inc. stock (FGBI) 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. First Guaranty 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 First Guaranty Bancshares, Inc. FGBI stock?

First Guaranty Bancshares, Inc. (FGBI) 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 First Guaranty 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 First Guaranty Bancshares, Inc. FGBI pass the AAOIFI Preference Share screen?

Yes, as of August 2026, First Guaranty Bancshares, Inc. stock (FGBI) 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. First Guaranty 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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First Guaranty Bancshares, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

FGBI

About

First Guaranty Bancshares, Inc.

FGBI

First Guaranty Bancshares Inc. is a regional bank holding company that focuses on providing a comprehensive suite of banking services primarily in the southeastern United States. The institution offers an array of financial products, including personal and business banking services, loans, deposit accounts, and cash management solutions. Through its wholly-owned subsidiary, First Guaranty Bank, the firm supports industries such as agriculture, commercial real estate, and small and medium-sized enterprises by providing tailored financial solutions. First Guaranty Bancshares Inc. takes pride in its customer-centric approach, emphasizing personalized service and community engagement. It plays a significant role in fostering local economic growth and development, supporting both individual and corporate financial needs. With a commitment to stability and service, the company has established itself as a reliable financial partner within its operating region. Its market significance lies in its ability to adapt to local market conditions and build long-lasting relationships with its clients, contributing to the overall stability and diversity of the regional banking sector.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

339

Website:

https://www.fgb.net

FGBI

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First Guaranty Bancshares, Inc.

About

First Guaranty Bancshares, Inc.

FGBI

Frequently asked questions

Is First Guaranty Bancshares, Inc. FGBI stock halal to invest in?

How often is First Guaranty Bancshares, Inc. FGBI reviewed for Shariah compliance?

Does First Guaranty Bancshares, Inc. FGBI pass the AAOIFI Non Permissible Income criteria?

Does First Guaranty Bancshares, Inc. FGBI pass the AAOIFI Interest Bearing Investments criteria?

Does First Guaranty Bancshares, Inc. FGBI pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for First Guaranty Bancshares, Inc. FGBI stock?

Does First Guaranty Bancshares, Inc. FGBI pass the AAOIFI Preference Share screen?

Can I buy First Guaranty Bancshares (FGBI) stock on Tabadulat?

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