What is Westamerica Bancorporation's Shariah compliance score?

Westamerica Bancorporation's (WABC) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Westamerica Bancorporation pass AAOIFI screening?

Westamerica Bancorporation (WABC) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (WABC: 11.7%), (3) interest-bearing deposits below 30% (WABC: 155.5%), and (4) prohibited income below 5% (WABC: 85.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Westamerica Bancorporation stock?

Westamerica Bancorporation (WABC) has a non-permissible income ratio of 84.97%. Muslim investors should purify this percentage of any dividends received and capital gains realized from WABC shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Westamerica Bancorporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Westamerica Bancorporation (WABC) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about WABC's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Westamerica Bancorporation (WABC) halal? Not Halal. Based on AAOIFI screening, Westamerica Bancorporation has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

WABC: Is Westamerica Bancorporation Halal?

Not Halal

Westamerica Bancorporation

NASDAQFinancial ServicesUS

$55.81

+1.20%

AvoidBorderlineClean

About Westamerica Bancorporation

Westamerica Bancorporation operates as a bank holding company for the Westamerica Bank that provides various banking products and services to individual and commercial customers. The company accepts various deposit products, including retail savings and checking accounts, as well as certificates of deposit. Its loan portfolio includes commercial, commercial and residential real estate, real estate construction, and consumer installment loans, as well as indirect automobile loans. It operates through 78 branch offices in 21 counties in Northern and Central California. The company was formerly known as Independent Bankshares Corporation and changed its name to Westamerica Bancorporation in 1983. The company was incorporated in 1972 and is headquartered in San Rafael, California.

Sector: Financial Services · Industry: Banks - Regional

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Prohibited industry: Banks - Regional

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap11.7% / 30.0%

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 17, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

1.3B

Price

$55.81

Sector

Financial Services

Industry

Banks - Regional

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is Westamerica Bancorporation (WABC) halal to invest in?

Westamerica Bancorporation (WABC) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Westamerica Bancorporation get a F compliance rating?

Westamerica Bancorporation (WABC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 11.7% (limit 30%); interest-bearing deposits of 155.5% (limit 30%); prohibited income of 84.97% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Westamerica Bancorporation's Shariah verdict?

Westamerica Bancorporation's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Westamerica Bancorporation re-screened for Shariah compliance?

Westamerica Bancorporation (WABC) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 17, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.