Cathay General Bancorp

CATY stock is not Shariah-compliant

مدعوم بواسطة Zoya API

About Cathay General Bancorp (CATY)

Cathay General Bancorp operates as the holding company for Cathay Bank that offers various commercial banking products and services to individuals, professionals, and small to medium-sized businesses in the United States. The company provides deposit products, loan products such as commercial mortgage loans, residential mortgage loans, and consumer loans, as well as trade financing, wire transfers, internet banking, and other banking services. As of March 1, 2022, it operated branches in several states, including California, New York, Washington, Illinois, Texas, and others, as well as a representative office in Hong Kong and China.

الأسئلة المتداولة

Is Cathay General Bancorp (CATY) stock halal to invest in?
Yes, CATY is not Shariah-compliant based on the company’s latest financial reports and therefore considered halal to invest in. Last updated on Aug 27, 2024.
No, CATY is not Shariah-compliant based on the company’s latest financial reports and therefore not considered halal to invest in. Last updated on Aug 27, 2024.
CATY is flagged as not Shariah-compliant in terms of Shariah compliance based on the company's latest financial reports. This means that while the company's operations do not definitively violate Islamic guidelines, there are certain aspects of Cathay General Bancorp's business that require careful consideration. Last updated on Aug 27, 2024.
Does Cathay General Bancorp have any interest income?
Yes, Cathay General Bancorp does have interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, Cathay General Bancorp reported revenue of 1301818000 and interest income of 1242222000. The interest income represents 48.83% of the combined total. It's worth noting that some companies may report additional interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
No, Cathay General Bancorp has not reported any interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, Cathay General Bancorp reported total revenue of 1301818000, with no separate interest income disclosed. However, it's worth noting that some companies may report interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
What guidelines are used to determine if Cathay General Bancorp stock is Shariah-compliant?
نحن نستخدم المبادئ التوجيهية التي وضعتها هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية (AAOIFI) لتقييم الامتثال للشريعة الإسلامية. هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية هي منظمة دولية رائدة تضع معايير التمويل الإسلامي. تساعد إرشاداتها في تحديد ما إذا كانت الأنشطة التجارية للشركة و والهيكل المالي يتماشى مع المبادئ الإسلامية. وتحظى هذه المعايير باحترام واسع النطاق في وتوفر إطارًا متسقًا لتقييم مدى توافق الأسهم والأدوات المالية الأخرى مع الشريعة الإسلامية. والأدوات المالية الأخرى. وتضم الهيئة الشرعية لهيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية علماء مشهورين مثل الشيخ محمد تقي عثماني، والشيخ عبد الستار أبو غدة، والشيخ عبد الله المانع.
How often is Cathay General Bancorp stock reviewed for Shariah compliance?
The Shariah compliance status of Cathay General Bancorp stock is reviewed on a regular basis, with a minimum frequency of once per quarter. However, if there are any significant changes or major developments in the company's operations that may impact its compliance, an immediate review will be conducted to ensure ongoing adherence to Shariah principles.
How can I stay updated on Cathay General Bancorp's compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within the Zoya app to receive notifications whenever there is a change in the Shariah compliance of CATY, or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate due to changes in a company's financial ratios or business activities.
Are dividends from Cathay General Bancorp stock considered halal?
Yes, dividends from CATY are considered halal. However, you may need to purify a portion of the dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of impermissible revenue for Cathay General Bancorp (CATY), check the Zoya app. For more details on the purification process, read our comprehensive guide.
No, dividends from CATY are not considered halal because the stock is currently not Shariah-compliant. When a stock is non-compliant, any dividends received from it are considered impermissible income and should be donated to charity as a form of purification. To learn more about the purification process and how to handle impermissible income, read our comprehensive guide.
Do I need to pay Zakat on my Cathay General Bancorp shares?
If you hold Cathay General Bancorp stock as an investment, through an Employee Stock Ownership Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on stocks can be complex and depends on various factors. To help make this easy, we've created a free Zakat calculation tool. For an even easier experience, use the Zoya mobile app, where you can link your brokerage account to automatically import holdings.

How to buy Cathay General Bancorp (CATY) stock on Zoya

  1. سجّل للحصول على حساب زويا مجاناً
    من السهل البدء. يمكنك التسجيل للحصول على حساب مباشرةً على موقعنا الإلكتروني أو عن طريق تنزيل تطبيق زويا لنظامي iOS أو أندرويد.
  2. اربط حساب وساطة
    تتعاون Zoya مع شركات وساطة رائدة مثل Alpaca وغيرها من أجل طريقة سلسة لشراء الأسهم وإدارتها من خلال Zoya.
  3. حدد المبلغ الذي تريد استثماره
    انتقل إلى شاشة البحث واكتب اسم السهم في شريط البحث. بعد ذلك، انقر على زر الشراء وأدخل المبلغ الذي ترغب في استثماره، سواء بالدولار أو عدد الأسهم. راجع سعر السهم في الوقت الحقيقي وكمية الأسهم المقدرة قبل تأكيد استثمارك.
  4. قم بإدارة محفظتك في مكان واحد
    يمكنك العثور على الأسهم التي اشتريتها حديثًا في محفظة Zoya الخاصة بك إلى جانب بقية ممتلكاتك. قم بتمكين التنبيهات للحصول على إشعارات بأي تغييرات في امتثال محفظتك للشريعة الإسلامية.

منشورات المنتدى

الأسهم ذات الصلة

See how Cathay General Bancorp compares with its peers: