Is Unity Bancorp, Inc. UNTY stock halal to invest in?

No, as of August 2026, Unity Bancorp, Inc. stock (UNTY) 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. Unity Bancorp, 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 Unity Bancorp, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Unity Bancorp, Inc. UNTY reviewed for Shariah compliance?

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 Monthly screening ensures the status shown for Unity Bancorp, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

No, as of August 2026, Unity Bancorp, Inc. stock (UNTY) 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. Unity 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 Unity Bancorp, Inc. UNTY pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Unity Bancorp, Inc. stock (UNTY) 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). Unity 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 Unity Bancorp, Inc. UNTY pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Unity Bancorp, Inc. stock (UNTY) 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. Unity Bancorp, 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 Unity Bancorp, Inc. UNTY stock?

Unity Bancorp, Inc. (UNTY) 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 Unity 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 Unity Bancorp, Inc. UNTY pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Unity Bancorp, Inc. stock (UNTY) 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. Unity 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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Unity Bancorp, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

UNTY

About

Unity Bancorp, Inc.

UNTY

Unity Bancorp, Inc. is a bank holding company that operates through its main subsidiary, Unity Bank. As a regional banking institution, Unity Bancorp focuses on providing a comprehensive range of financial services primarily to individuals and small to medium-sized businesses within its community. Its primary functions include offering traditional banking services such as deposits, loans, mortgages, and lines of credit. Unity Bancorp is notably active in the lending sector, supporting economic growth by facilitating residential and commercial real estate developments. Headquartered in Clinton, New Jersey, Unity Bancorp serves its clientele through a network of branch offices strategically located throughout the region. The banking entity places a strong emphasis on personalized customer service and community involvement, aligning its services closely with the needs of its local demographics. In the financial markets, Unity Bancorp plays a crucial role as a nimble player in the regional banking sector, contributing to the overall dynamism and competitive landscape of financial services. By maintaining a robust local presence and emphasizing customer-centric banking solutions, Unity Bancorp upholds its commitment to regional economic stability and growth.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

242

Website:

https://www.unitybank.com

UNTY

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Unity Bancorp, Inc.

About

Unity Bancorp, Inc.

UNTY

Frequently asked questions

Is Unity Bancorp, Inc. UNTY stock halal to invest in?

How often is Unity Bancorp, Inc. UNTY reviewed for Shariah compliance?

Does Unity Bancorp, Inc. UNTY pass the AAOIFI Non Permissible Income criteria?

Does Unity Bancorp, Inc. UNTY pass the AAOIFI Interest Bearing Investments criteria?

Does Unity Bancorp, Inc. UNTY pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Unity Bancorp, Inc. UNTY stock?

Does Unity Bancorp, Inc. UNTY pass the AAOIFI Preference Share screen?

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