PurindexScreener / State Commercial Banks / Mechanics Bancorp
MCHB · NASDAQ
Mechanics Bancorp
Not compliant
Mechanics Bancorp is not compliant. It fails the business-activity screen: conventional banking.
TickerMCHB
ExchangeNASDAQ
SectorState Commercial Banks
Not compliantMechanics BancorpMCHB · NASDAQ
FailBusiness activity
permissible core business
permissible core business
n/aInterest income / revenue
limit 5%
limit 5%
n/aDebt / total assets
limit 33.33%
limit 33.33%
n/aCash / total assets
limit 33.33%
limit 33.33%
Data and sources.
| Result | Business-activity test: the company's core business. |
| Financial ratios | Not shown: the company fails the business-activity test, so ratios do not change the result. |
| Method | AAOIFI Shariah Standard No. 21, business-activity screen. Purindex method v1 · how it works |
| Last updated | Not yet screened with financial data |
Spotted a mistake? Report a data issue. Purindex publishes this screening to help people understand what they own. It does not recommend buying, selling or holding Mechanics Bancorp or any other security.
Questions about Mechanics Bancorp.
- Is Mechanics Bancorp (MCHB) stock halal?
- Mechanics Bancorp is not compliant. It fails the business-activity screen: conventional banking.
- How does Purindex decide whether MCHB is Shariah compliant?
- The core business must be permissible, impure revenue must stay below 5% of total revenue, and interest-bearing debt and interest-bearing cash must each stay below 30% of market capitalisation. A company within 10% of a limit is marked doubtful. Until share prices are loaded, US, European and UK companies are checked against total assets (33.33% limits) using their official filings, and companies without verified data are marked insufficient data.
- Should I buy Mechanics Bancorp shares?
- Purindex does not recommend buying, selling or holding Mechanics Bancorp or any other security. It publishes screening information so you can check what you own. For a personal ruling, consult a qualified scholar.