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Company report
Review the methodology status, formula details, and supporting context for TRMK.
Methodology
AAOIFI
DJIM
S&P Shariah
Company
Trustmark Corporation operates as the bank holding company for Trustmark National Bank that provides banking and other financial solutions to individuals and corporate institutions in the United States. It operates through General Banking and Wealth Management segments. The company offers checking, savings and money market accounts, and certificates of deposit, as well as certificates of deposit and individual retirement accounts; and treasury management services. It also provides loans comprising financing for commercial and industrial projects, income producing commercial real estate, owner-occupied real estate, and construction and land development; and installment and real estate loans and lines of credit. In addition, the company offers mortgage banking services, including construction financing, production of conventional and government-insured mortgages, and secondary marketing and mortgage servicing; wealth management and trust services, such as administration of personal trusts and estates; management of investment accounts for individuals, employee benefit plans, and charitable foundations; and institutional custody for large governmental entities and foundations, financial and estate planning, and retirement plan services. Further, it provides an intermediary vehicle for the provision of loans or investments in low-income communities. Trustmark Corporation was founded in 1889 and is headquartered in Jackson, Mississippi.
Debt ratio
Formula
Total Interest-Bearing Debt / Market Capitalization (or Avg for AAOIFI/DJIM)
Thresholds
Cash ratio
Formula
(Cash + Interest-Bearing Securities) / Market Capitalization
Thresholds
Analysis
Haram revenue
Formula
Impermissible Revenue / Total Revenue
Thresholds
Methodology