Is Waterstone Financial, Inc. WSBF stock halal to invest in?

No, as of August 2026, Waterstone Financial, Inc. stock (WSBF) 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. Waterstone Financial, 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 Waterstone Financial, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Waterstone Financial, Inc. WSBF reviewed for Shariah compliance?

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screening ensures the status shown for Waterstone Financial, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

No, as of August 2026, Waterstone Financial, Inc. stock (WSBF) 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. Waterstone Financial, 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 Waterstone Financial, Inc. WSBF pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Waterstone Financial, Inc. stock (WSBF) 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). Waterstone Financial, 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 Waterstone Financial, Inc. WSBF pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Waterstone Financial, Inc. stock (WSBF) 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. Waterstone Financial, 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 Waterstone Financial, Inc. WSBF stock?

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

Does Waterstone Financial, Inc. WSBF pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Waterstone Financial, Inc. stock (WSBF) 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. Waterstone Financial, 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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Waterstone Financial, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

WSBF

About

Waterstone Financial, Inc.

WSBF

Waterstone Financial Inc. is a diversified financial institution that primarily provides community banking and mortgage banking services. Headquartered in Wauwatosa, Wisconsin, the company aims to meet the diverse financial needs of individuals and businesses in its local communities. Waterstone Financial plays a crucial role in the regional economy, offering a variety of products and services, including personal and business loans, checking and savings accounts, and wealth management solutions. The company's mortgage banking segment is notably significant, operating on a national scale and offering a wide range of mortgage products to home buyers, including fixed-rate and adjustable-rate mortgages tailored to varying financial needs. This broad geographical reach adds a layer of stability and growth potential by tapping into national housing market trends. In the financial market, Waterstone Financial Inc. is recognized for its stable performance and commitment to community development, making it a staple in the Midwestern United States banking landscape. Its dual focus on both community-centric and broader mortgage services positions it as an adaptable player capable of navigating diverse economic cycles.

Sector:

Financial Services

Industry:

Banks - Regional

Employees:

600

Website:

https://www.wsbonline.com

WSBF

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Waterstone Financial, Inc.

About

Waterstone Financial, Inc.

WSBF

Frequently asked questions

Is Waterstone Financial, Inc. WSBF stock halal to invest in?

How often is Waterstone Financial, Inc. WSBF reviewed for Shariah compliance?

Does Waterstone Financial, Inc. WSBF pass the AAOIFI Non Permissible Income criteria?

Does Waterstone Financial, Inc. WSBF pass the AAOIFI Interest Bearing Investments criteria?

Does Waterstone Financial, Inc. WSBF pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Waterstone Financial, Inc. WSBF stock?

Does Waterstone Financial, Inc. WSBF pass the AAOIFI Preference Share screen?

Can I buy Waterstone Financial (WSBF) stock on Tabadulat?

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