What is Matthews International Corporation's Shariah compliance score?

Matthews International Corporation (MATW) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Matthews International Corporation pass AAOIFI screening?

Matthews International Corporation (MATW) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. MATW's debt-to-market-cap is 115.2%.

How much purification is needed for Matthews International Corporation?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Matthews International Corporation (MATW) using the latest financial data.

Where can I screen Matthews International Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Matthews International Corporation (MATW) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

MATWNot HalalF

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Compliance Status

Not Halal

Screened on Oct 15, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Matthews International Corporation (MATW) halal? Not Halal. Based on AAOIFI screening, Matthews International Corporation passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Matthews International Corporation (MATW) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 15, 2026. Source: https://halalscreener.app/en/stock/MATW

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

115.2% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding MATW

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

MATW: Is Matthews International Corporation Halal?

Matthews International Corporation

NASDAQIndustrialsUS

$19.36

Market Cap: 604.3M

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About Matthews International Corporation

Operating globally, Matthews International Corporation specializes in brand solutions, memorialization items, and advanced industrial technologies. The company's operations are divided into three principal segments: SGK Brand Solutions, Memorialization, and Industrial Technologies. Through its SGK Brand Solutions division, Matthews International assists the consumer goods and retail sectors with comprehensive brand management, pre-media offerings, printing plates and cylinders, specialized engineered products, imaging, digital asset management, merchandising display solutions, and various marketing and design services. The Memorialization segment caters to the cemetery and funeral home industries, supplying a diverse range of products. These include bronze and granite memorials, upright monuments, cremation-related items like urns and niche units, along with other cemetery features such as benches, flower vases, crypt plates, letters, and statues. Additionally, this segment furnishes caskets and essential cremation and incineration equipment. Lastly, the Industrial Technologies segment offers solutions for warehousing and broader industrial applications. It supplies marking and coding machinery and related consumables, industrial automation tools, and sophisticated order fulfillment systems designed to identify, track, pick, and transport both consumer and industrial goods efficiently. Established in 1850, Matthews International Corporation maintains its headquarters in Pittsburgh, Pennsylvania.

Sector: Industrials · Industry: Conglomerates

Why this does not pass

Interest-bearing debt is 115.2% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 15, 2026

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Institutional-grade Shariah analysis

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See why MATW is rated Not Halal with institutional-grade analysis

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

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.

Fiscal: Q3 2026Data source: EDGAR

Halal Alternatives in Industrials

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

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Sanichi Technology Berhad

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Tri-Mode System (M) Berhad

$0.16

+0.00%

0217.KLA+

Powerwell Holdings Berhad

$1.16

+0.03%

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Frequently Asked Questions

Is Matthews International Corporation (MATW) halal to invest in?

Matthews International Corporation (MATW) 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 Matthews International Corporation get a F compliance rating?

Matthews International Corporation (MATW) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 115.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Matthews International Corporation's Shariah verdict?

Matthews International Corporation'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 Matthews International Corporation re-screened for Shariah compliance?

Matthews International Corporation (MATW) 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: Oct 15, 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.