Is Mercantile Bank Corp. MBWM stock halal to invest in?

No, as of February 2026, Mercantile Bank Corp. stock (MBWM) is currently categorized as NOT Shariah Compliant. The company's status is determined by a rigorous financial screening process, which uses the criteria set by the AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) as the primary global standard for Islamic investing. Mercantile Bank Corp. has been assessed to have exceeded the permissible financial thresholds—specifically in areas like interest-bearing debt or non-permissible income (such as income from interest)—and, therefore, does not qualify as a halal investment under the current review. For investors seeking Shariah compliant global stocks, it is essential to check the latest compliance status, as these screenings are updated regularly (e.g., monthly) or upon the release of new financial reports. You can find the most current status for Mercantile Bank Corp. and alternative halal stock options within the Tabadulat app.

How often is Mercantile Bank Corp. MBWM reviewed for Shariah compliance?

At Tabadulat, we receive Shariah compliance data on Mercantile Bank Corp. MBWM monthly. We apply the rigorous AAOIFI screening methodology under the direct supervision of our dedicated Shariah Supervisory Board to ensure your investments are consistently compliant.

Does Mercantile Bank Corp. MBWM pass the AAOIFI Non Permissible Income criteria?

No, as of February 2026, Mercantile Bank Corp. stock (MBWM) does not pass the AAOIFI Non Permissible Income criterion. The company's income from non-permissible sources has exceeded the permissible threshold set by AAOIFI, indicating the stock is currently not Shariah compliant for this screen.

Does Mercantile Bank Corp. MBWM pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of February 2026, Mercantile Bank Corp. stock (MBWM) passes the AAOIFI Interest Bearing Investments criterion. The company's interest-bearing investments are below the acceptable threshold set by AAOIFI.

Does STOCK pass the AAOIFI Interest Bearing Debt criteria?

No, as of February 2026, Mercantile Bank Corp. stock (MBWM) does not pass the AAOIFI Interest Bearing Debt criterion. The company's interest-bearing debt has exceeded the permissible threshold set by AAOIFI, indicating the stock is currently not Shariah compliant for this screen.

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Mercantile Bank Corp.

NASDAQ

Shariah-Compliant

Not Shariah

MBWM

About

Mercantile Bank Corp.

MBWM

Mercantile Bank Corporation is a regional bank holding company providing a comprehensive range of banking products and services primarily in Michigan. Established to facilitate personal and business financial growth, the company offers traditional banking solutions such as checking and savings accounts, lending options, and investment services. They also provide treasury and wealth management services aimed at supporting both small to mid-sized businesses and individual clients. Highlighting community-focused banking, Mercantile Bank Corporation plays a pivotal role in local economic development by offering tailored loan products, including real estate financing and commercial loans. The bank's commitment to technological advancements is evident in its digital banking platform, which offers online and mobile banking services for enhanced customer convenience. By blending personalized customer service with modern banking solutions, Mercantile Bank Corporation has cemented its position as a cornerstone in the financial markets of its operational region, supporting local businesses and individuals in achieving their financial goals.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

683

Website:

https://www.mercbank.com

MBWM

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Mercantile Bank Corp.

About

Mercantile Bank Corp.

MBWM

Frequently asked questions

Is Mercantile Bank Corp. MBWM stock halal to invest in?

How often is Mercantile Bank Corp. MBWM reviewed for Shariah compliance?

Does Mercantile Bank Corp. MBWM pass the AAOIFI Non Permissible Income criteria?

Does Mercantile Bank Corp. MBWM pass the AAOIFI Interest Bearing Investments criteria?

Does STOCK pass the AAOIFI Interest Bearing Debt criteria?

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