Is Southside Bancshares, Inc. SBSI stock halal to invest in?

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

How often is Southside Bancshares, Inc. SBSI reviewed for Shariah compliance?

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screening ensures the status shown for Southside Bancshares, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

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

Yes, as of August 2026, Southside Bancshares, Inc. stock (SBSI) 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). Southside Bancshares, 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 Southside Bancshares, Inc. SBSI pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Southside Bancshares, Inc. stock (SBSI) 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. Southside 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 Southside Bancshares, Inc. SBSI stock?

Southside Bancshares, Inc. (SBSI) 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 Southside 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 Southside Bancshares, Inc. SBSI pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Southside Bancshares, Inc. stock (SBSI) 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. Southside 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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Southside Bancshares, Inc.

NYSE

Shariah-Compliant

Not Shariah

SBSI

About

Southside Bancshares, Inc.

SBSI

Southside Bancshares Inc. is a financial holding company that operates through its primary subsidiary, Southside Bank. Based in Texas, it functions as a regional bank providing a comprehensive range of financial services to individuals, businesses, and public sector clients. Its primary role is to facilitate various banking activities, including personal and business checking and savings accounts, loans, and mortgages. Notably, the bank serves industries such as real estate, healthcare, and agriculture, underscoring its importance in the local economic landscape. With a focus on community banking, Southside Bancshares Inc. supports local economic growth by offering tailored financial solutions and expertise. Its market presence is significant within its operational regions, where it maintains a commitment to customer service and community involvement. Through strategic acquisitions and organic growth, Southside Bancshares Inc. continues to enhance its service offerings and geographic footprint, contributing to its role as a key player in the regional banking sector.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

778

Website:

https://www.southside.com

SBSI

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Southside Bancshares, Inc.

About

Southside Bancshares, Inc.

SBSI

Frequently asked questions

Is Southside Bancshares, Inc. SBSI stock halal to invest in?

How often is Southside Bancshares, Inc. SBSI reviewed for Shariah compliance?

Does Southside Bancshares, Inc. SBSI pass the AAOIFI Non Permissible Income criteria?

Does Southside Bancshares, Inc. SBSI pass the AAOIFI Interest Bearing Investments criteria?

Does Southside Bancshares, Inc. SBSI pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Southside Bancshares, Inc. SBSI stock?

Does Southside Bancshares, Inc. SBSI pass the AAOIFI Preference Share screen?

Can I buy Southside Bancshares (SBSI) stock on Tabadulat?

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