Is Nicolet Bankshares, Inc. NIC stock halal to invest in?

No, as of August 2026, Nicolet Bankshares, Inc. stock (NIC) 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. Nicolet Bankshares, Inc. currently does not meet the threshold for the non-permissible income screen. 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 Nicolet Bankshares, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Nicolet Bankshares, Inc. NIC reviewed for Shariah compliance?

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Monthly screening ensures the status shown for Nicolet Bankshares, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

No, as of August 2026, Nicolet Bankshares, Inc. stock (NIC) 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. Nicolet Bankshares, 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 Nicolet Bankshares, Inc. NIC pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Nicolet Bankshares, Inc. stock (NIC) 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). Nicolet Bankshares, 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 Nicolet Bankshares, Inc. NIC pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Nicolet Bankshares, Inc. stock (NIC) passes 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. This cap limits shareholders' exposure to interest-based leverage. Nicolet Bankshares, Inc.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Nicolet Bankshares, Inc. NIC stock?

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

Does Nicolet Bankshares, Inc. NIC pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Nicolet Bankshares, Inc. stock (NIC) 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. Nicolet Bankshares, 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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Nicolet Bankshares, Inc.

NYSE

Shariah-Compliant

Not Shariah

NIC

About

Nicolet Bankshares, Inc.

NIC

Nicolet Bankshares Inc. is a prominent bank holding company that operates primarily in the financial services sector. The company plays a crucial role in providing a range of banking products and services, catering to personal, business, and commercial banking needs. With its subsidiaries, Nicolet National Bank serves as a pillar in its local market by offering traditional deposit accounts, lending products such as mortgages and commercial loans, and wealth management services. Nicolet Bankshares Inc. places a strong emphasis on community involvement, often supporting regional development initiatives and fostering economic growth in the areas it serves. It is known for its customer-centric approach, leveraging personalized services to build strong relationships with its clientele. The company has a significant presence in the Midwest, particularly in Wisconsin and the Upper Peninsula of Michigan, and is committed to delivering innovative financial solutions while maintaining a robust focus on trust and integrity. Through strategic acquisitions and organic growth, Nicolet Bankshares Inc. strengthens its position and influence within the banking industry.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

957

Website:

https://www.nicoletbank.com

NIC

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Nicolet Bankshares, Inc.

About

Nicolet Bankshares, Inc.

NIC

Frequently asked questions

Is Nicolet Bankshares, Inc. NIC stock halal to invest in?

How often is Nicolet Bankshares, Inc. NIC reviewed for Shariah compliance?

Does Nicolet Bankshares, Inc. NIC pass the AAOIFI Non Permissible Income criteria?

Does Nicolet Bankshares, Inc. NIC pass the AAOIFI Interest Bearing Investments criteria?

Does Nicolet Bankshares, Inc. NIC pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Nicolet Bankshares, Inc. NIC stock?

Does Nicolet Bankshares, Inc. NIC pass the AAOIFI Preference Share screen?

Can I buy Nicolet Bankshares (NIC) stock on Tabadulat?

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