Frequently asked questions
Is AmeriServ Financial (ASRV) stock halal to invest in?
As of , ASRV is not Shariah-compliant and therefore
considered halal to invest in. This assessment is based on the data available in
AmeriServ Financial's most recent financial reports.
As of , ASRV is not Shariah-compliant and therefore
not considered halal to invest in. This assessment is based on the data available in
AmeriServ Financial's most recent financial reports.
As of , ASRV 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 AmeriServ Financial's business that require careful consideration.
Does AmeriServ Financial have any interest income?
Yes, AmeriServ Financial does have interest income. According to the company's latest annual report for
the fiscal year ending Dec 31, 2023, AmeriServ Financial reported revenue of
77249000 and interest income of
60860000. The interest income represents
44.07% 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, AmeriServ Financial has not reported any interest income. According to the company's latest annual
report for the fiscal year ending Dec 31, 2023, AmeriServ Financial reported total revenue
of 77249000, 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 AmeriServ Financial stock is Shariah-compliant?
We use the guidelines set by the Accounting and Auditing Organization for Islamic Financial Institutions
(AAOIFI) to assess Shariah compliance. AAOIFI is a leading international organization that establishes
standards for Islamic finance. Their guidelines help determine if a company's business activities and
financial structure align with Islamic principles. These standards are widely respected in the Islamic
finance industry and provide a consistent framework for evaluating the Shariah compliance of stocks and
other financial instruments. AAOIFI's Shariah board includes renowned scholars such as Sheikh Muhammad
Taqi Usmani, Sheikh Mohamed Ali Elgari, Sheikh Abdullah AlManea, Sheikh Nizam Yaquby, and Dr. Aznan Hassan.
How often is AmeriServ Financial stock reviewed for Shariah compliance?
The Shariah compliance status of AmeriServ Financial 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 AmeriServ Financial'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 ASRV,
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 AmeriServ Financial stock considered halal?
Yes, dividends from ASRV 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 AmeriServ Financial (ASRV), check the Zoya app. For more details on the
purification process, read
our comprehensive guide.
No, dividends from ASRV 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 AmeriServ Financial shares?
If you hold AmeriServ Financial 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 investments
can be complex and depends on various factors. To help make this easy, we've created a free
Zakat calculator for stocks. For a more
seamless experience, use the
Zoya mobile app, where you can link your brokerage account to
automatically import holdings.
