What is MDA Space Ltd's Shariah compliance score?

MDA Space Ltd (MDA) has a Shariah compliance score of 88/100 (Grade: A, Very Good). 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 MDA Space Ltd pass AAOIFI screening?

MDA Space Ltd (MDA) passes 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%. MDA's debt-to-market-cap is 5.8%.

How much purification is needed for MDA Space Ltd?

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 MDA Space Ltd (MDA) using the latest financial data.

Where can I screen MDA Space Ltd for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for MDA Space Ltd (MDA) 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.

MDAHalalA

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Compliance Status

Halal

Screened on Oct 9, 2026 · AAOIFI Standard 21

Very Good

88Score

Is MDA Space Ltd (MDA) halal? Halal. Based on AAOIFI screening, MDA Space Ltd passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 88/100 (Grade: A).

Quote this verdict

HalalScreener rates MDA Space Ltd (MDA) Halal, 88/100, grade A under AAOIFI Standard 21, screened Oct 9, 2026. Source: https://halalscreener.app/en/stock/MDA

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

5.8% 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

You can own MDA

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened MDA's prohibited income, but the exact share you would need to purify is part of Pro.

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MDA: Is MDA Space Ltd Halal?

MDA Space Ltd

NYSEIndustrialsCA

$28.15

Market Cap: 4.6B

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About MDA Space Ltd

MDA Space Ltd. operates as a crucial international collaborator in the space sector, furnishing sophisticated technology, innovative solutions, and vital services to the flourishing global space market. The company organizes its activities across three primary segments. Its Geointelligence division provides comprehensive, turnkey solutions and services pertaining to Earth observation and intelligence systems. The Robotics and Space Operations division contributes to humanity's endeavors in space exploration and infrastructure development by supplying autonomous robotics and advanced vision sensors specifically engineered for deployment in orbit, on the lunar surface, and on Mars. Finally, the Satellite Systems division focuses on creating essential sub-systems and complete spacecraft. This includes pioneering communication technologies like space-based broadband internet and direct satellite-to-device connectivity from non-geostationary orbits, specifically Low Earth Orbit (LEO) and Medium Earth Orbit (MEO) constellations, as well as offerings that span the full range of communication frequencies. Established on June 2, 2020, MDA Space Ltd. is headquartered in Brampton, Canada.

Sector: Industrials · Industry: Aerospace & Defense

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 9, 2026

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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

Compliance History

Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: FMP

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Frequently Asked Questions

Is MDA Space Ltd (MDA) halal to invest in?

Based on AAOIFI Standard 21 screening, MDA Space Ltd (MDA) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did MDA Space Ltd get a A compliance rating?

MDA Space Ltd (MDA) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 5.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change MDA Space Ltd's Shariah verdict?

MDA Space Ltd'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 MDA Space Ltd re-screened for Shariah compliance?

MDA Space Ltd (MDA) 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 9, 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.