Is Northrim BanCorp, Inc. NRIM stock halal to invest in?

No, as of August 2026, Northrim BanCorp, Inc. stock (NRIM) 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. Northrim BanCorp, 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 Northrim BanCorp, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Northrim BanCorp, Inc. NRIM reviewed for Shariah compliance?

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 Monthly screening ensures the status shown for Northrim BanCorp, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

No, as of August 2026, Northrim BanCorp, Inc. stock (NRIM) 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. Northrim 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 Northrim BanCorp, Inc. NRIM pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Northrim BanCorp, Inc. stock (NRIM) 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). Northrim 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 Northrim BanCorp, Inc. NRIM pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Northrim BanCorp, Inc. stock (NRIM) 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. Northrim BanCorp, 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 Northrim BanCorp, Inc. NRIM stock?

Northrim BanCorp, Inc. (NRIM) 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 Northrim 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 Northrim BanCorp, Inc. NRIM pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Northrim BanCorp, Inc. stock (NRIM) 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. Northrim 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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Northrim BanCorp, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

NRIM

About

Northrim BanCorp, Inc.

NRIM

Northrim BanCorp, Inc. is a financial services holding company focusing primarily on providing community banking services. Its primary function is to offer commercial and consumer loans, deposit accounts, as well as mortgage loans through its subsidiaries, primarily Northrim Bank. Situated in Anchorage, Alaska, the company serves customers across the vast and diverse Alaskan market, emphasizing personalized financial services tailored to the local economy. Northrim BanCorp, Inc. is a key player in the Alaskan banking sector, with interests extending to wealth management and merchant services, catering to both individual and corporate clients. Besides traditional banking products, the company provides customized financial solutions to industries such as fishing, tourism, and construction, which are pivotal to Alaska’s economic landscape. Through its robust community-oriented approach, Northrim BanCorp plays a crucial role in supporting local economic development and catering to the unique financial needs of Alaskan residents and businesses.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

503

Website:

https://www.northrim.com

NRIM

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Northrim BanCorp, Inc.

About

Northrim BanCorp, Inc.

NRIM

Frequently asked questions

Is Northrim BanCorp, Inc. NRIM stock halal to invest in?

How often is Northrim BanCorp, Inc. NRIM reviewed for Shariah compliance?

Does Northrim BanCorp, Inc. NRIM pass the AAOIFI Non Permissible Income criteria?

Does Northrim BanCorp, Inc. NRIM pass the AAOIFI Interest Bearing Investments criteria?

Does Northrim BanCorp, Inc. NRIM pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Northrim BanCorp, Inc. NRIM stock?

Does Northrim BanCorp, Inc. NRIM pass the AAOIFI Preference Share screen?

Can I buy Northrim BanCorp (NRIM) stock on Tabadulat?

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