Is Orrstown Financial Services (ORRF) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Orrstown Financial Services (ORRF) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (SEC industry code 6022 (State Commercial Banks)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 30 September 2026.
Orrstown Financial Services is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Fail |
| Interest-bearing debt | 30% | 47.48% | Review |
| Cash and interest-bearing investments | 30% | 22.81% | Pass |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 20.30% | Pass |
Key Findings & Observations
- Its main business is conventional banking, lending or insurance (SEC industry code 6022 (State Commercial Banks)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1).Source: Business check
- The interest-bearing debt test couldn’t be settled: The figures give 0.0% and 47.5%, on either side of the limit.Source: AAOIFI Shari'ah Standard 21
- The prohibited income test couldn’t be settled: Yahoo reports interest income of $303.7M, more than the company’s cash, investments and receivables could earn at 10% ($112.5M), so that figure was set aside. So the income test can’t be settled.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Orrstown Financial Services, Inc. (ORRF)
Is Orrstown Financial Services (ORRF) stock halal?▾
No. Orrstown Financial Services (ORRF) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is conventional banking, lending or insurance (SEC industry code 6022 (State Commercial Banks)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 30 September 2026.
What is Orrstown Financial Services's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Orrstown Financial Services's ratio is about 47.5%.
How much dividend purification is required for Orrstown Financial Services (ORRF) stock?▾
Orrstown Financial Services does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Orrstown Financial Services operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Orrstown Financial Services's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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