City Holding Company

CHCO stock is not Shariah-compliant

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About City Holding Company (CHCO)

City Holding Company operates as a holding company for City National Bank of West Virginia, providing various banking, trust, investment management, and financial solutions. The company offers a range of products and services, including checking, savings, and money market accounts, loans, mortgage banking services, deposit services, wealth management, trust and investment services, and automated banking services. City Holding Company operates through a network of 94 branches and 905 full-time equivalent associates across West Virginia, Virginia, Kentucky, and Ohio.

Frequently asked questions

Is City Holding Company (CHCO) stock halal to invest in?
No. As of , CHCO is not Shariah-compliant under AAOIFI standards, so it is not considered halal to invest in. City Holding Company fails the business screen, the financial screen or both, based on its most recent financial reports. The Zoya app shows which one and lists Shariah-compliant alternatives.
Does City Holding Company have any interest income?
Yes, City Holding Company does have interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2025, City Holding Company reported revenue of $392,109,000 and interest income of $321,216,000. The interest income represents 81.92% 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.
What guidelines are used to determine if City Holding Company 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 City Holding Company stock reviewed for Shariah compliance?
The Shariah compliance status of City Holding Company 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 City Holding Company'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 CHCO, 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 City Holding Company stock considered halal?
No, dividends from CHCO 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 City Holding Company shares?
If you hold City Holding Company 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.

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