Pinnacle Financial Partners, Inc.

PNFP stock is not Shariah-compliant

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About Pinnacle Financial Partners, Inc. (PNFP)

Pinnacle Financial Partners, Inc. is a bank holding company that operates Pinnacle Bank, providing various banking products and services such as deposits, loans, securities, investment products, and fiduciary services in the United States. The company offers commercial and consumer banking services, including commercial loans, real estate loans, personal loans, and credit cards. With 114 offices across Tennessee, North Carolina, South Carolina, Virginia, and Georgia as of 2020, Pinnacle Financial Partners serves individuals, small to medium-sized businesses, and professional entities.

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Is Pinnacle Financial Partners, Inc. (PNFP) stock halal to invest in?
Yes, PNFP 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, PNFP 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.
PNFP 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 Pinnacle Financial Partners, Inc.'s business that require careful consideration. Last updated on Aug 27, 2024.
Does Pinnacle Financial Partners, Inc. have any interest income?
Yes, Pinnacle Financial Partners, Inc. does have interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, Pinnacle Financial Partners, Inc. reported revenue of 2615164000 and interest income of 2353368000. The interest income represents 47.37% 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, Pinnacle Financial Partners, Inc. has not reported any interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2023, Pinnacle Financial Partners, Inc. reported total revenue of 2615164000, 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 Pinnacle Financial Partners, Inc. stock is Shariah-compliant?
İslami Finansal Kurumlar için Muhasebe ve Denetim Organizasyonu tarafından belirlenen yönergeleri kullanıyoruz (AAOIFI) tarafından şeriata uygunluğu değerlendirmek üzere kurulmuştur. AAOIFI, Şeriat'a uygunluk değerlendirmesi yapan önde gelen uluslararası bir kuruluştur. İslami finans için standartlar. Kılavuz ilkeleri, bir şirketin ticari faaliyetlerinin ve finansal yapı İslami ilkelerle uyumludur. Bu standartlar, İslami finans sektöründe geniş çapta saygı görmektedir. ve hisse senetlerinin Şeriata uygunluğunu değerlendirmek için tutarlı bir çerçeve sağlar. diğer finansal araçlar. AAOIFI'nin Şeriat kurulunda Şeyh Muhammed gibi tanınmış akademisyenler yer almaktadır. Taqi Usmani, Şeyh AbdulSattar Abu Ghuddah ve Şeyh Abdullah AlManea.
How often is Pinnacle Financial Partners, Inc. stock reviewed for Shariah compliance?
The Shariah compliance status of Pinnacle Financial Partners, Inc. 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 Pinnacle Financial Partners, Inc.'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 PNFP, 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 Pinnacle Financial Partners, Inc. stock considered halal?
Yes, dividends from PNFP 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 Pinnacle Financial Partners, Inc. (PNFP), check the Zoya app. For more details on the purification process, read our comprehensive guide.
No, dividends from PNFP 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 Pinnacle Financial Partners, Inc. shares?
If you hold Pinnacle Financial Partners, Inc. 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.

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