What is CoastalSouth Bancshares, Inc.'s Shariah compliance score?

CoastalSouth Bancshares, Inc.'s (COSO) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does CoastalSouth Bancshares, Inc. pass AAOIFI screening?

CoastalSouth Bancshares, Inc. (COSO) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (COSO: 9.4%), (3) interest-bearing deposits below 30% (COSO: 21.3%), and (4) prohibited income below 5% (COSO: 6041.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for CoastalSouth Bancshares, Inc. stock?

CoastalSouth Bancshares, Inc. (COSO) has a non-permissible income ratio of 6041.05%. Muslim investors should purify this percentage of any dividends received and capital gains realized from COSO shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen CoastalSouth Bancshares, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for CoastalSouth Bancshares, Inc. (COSO) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about COSO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is CoastalSouth Bancshares, Inc. (COSO) halal? Not Halal. Based on AAOIFI screening, CoastalSouth Bancshares, Inc. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

COSO: Is CoastalSouth Bancshares, Inc. Halal?

Not Halal

CoastalSouth Bancshares, Inc.

NYSEFinancial ServicesUS

$26.48

+0.15%

AvoidBorderlineClean

About CoastalSouth Bancshares, Inc.

CoastalSouth Bancshares, Inc. (COSO) serves as the bank holding company for CoastalStates Bank, offering a diverse array of banking products and services to both retail and commercial clientele. Customers can access a range of deposit products, including checking, savings, money market accounts, certificates of deposit, and individual retirement accounts. Its lending options span residential mortgages, home equity loans, cash value lines of credit, commercial and government-backed financing, and mortgage banker finance. The bank also provides debit and credit cards. Additional offerings feature customized and private banking, treasury management solutions, and convenient digital and telephone banking access. Retail banking branches are situated across Hilton Head Island/Bluffton, South Carolina, and in Savannah and the north metro Atlanta area of Georgia. Founded in 2003, its corporate headquarters are located in Hilton Head Island, South Carolina.

Sector: Financial Services · Industry: Banks - Regional

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 20, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Prohibited industry: Banks - Regional

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap9.4% / 30.0%

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 20, 2026Fiscal: Q1 2026Source: EDGAR

Financial Overview

Market Cap

318.7M

Price

$26.48

Sector

Financial Services

Industry

Banks - Regional

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

GLDA+

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SLVA+

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PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

ABA+

AllianceBernstein Holding L.P.

$36.03

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IPCXA+

Inflection Point Acquisition Corp. III

$10.31

+0.00%

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Free · No credit card required

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Frequently Asked Questions

Is CoastalSouth Bancshares, Inc. (COSO) halal to invest in?

CoastalSouth Bancshares, Inc. (COSO) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did CoastalSouth Bancshares, Inc. get a F compliance rating?

CoastalSouth Bancshares, Inc. (COSO) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 9.4% (limit 30%); interest-bearing deposits of 21.3% (limit 30%); prohibited income of 6041.05% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change CoastalSouth Bancshares, Inc.'s Shariah verdict?

CoastalSouth Bancshares, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is CoastalSouth Bancshares, Inc. re-screened for Shariah compliance?

CoastalSouth Bancshares, Inc. (COSO) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 20, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.