What is Montrose Environmental Group, Inc.'s Shariah compliance score?

Montrose Environmental Group, Inc.'s (MEG) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Montrose Environmental Group, Inc. pass AAOIFI screening?

Montrose Environmental Group, Inc. (MEG) 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% (MEG: 63.5%), (3) interest-bearing deposits below 30% (MEG: 2.0%), and (4) prohibited income below 5% (MEG: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Montrose Environmental Group, Inc. stock?

Montrose Environmental Group, Inc. (MEG) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from MEG 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 Montrose Environmental Group, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Montrose Environmental Group, Inc. (MEG) 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 MEG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MEG: Is Montrose Environmental Group, Inc. Halal?

Montrose Environmental Group, Inc.

NYSEIndustrialsUS

$15.64

+7.86%

Market Cap: 565.7M

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Montrose Environmental Group, Inc. (MEG) halal? Not Halal. Based on AAOIFI screening, Montrose Environmental Group, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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%.

63.5% of 30.0% limit

What this means for you

Most scholars advise not holding MEG

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Montrose Environmental Group, Inc.

Montrose Environmental Group, Inc. (MEG) is a U.S.-based firm specializing in comprehensive environmental services. Its operations are organized into three primary divisions: Assessment, Permitting, and Response; Measurement and Analysis; and Remediation and Reuse. The Assessment, Permitting, and Response division offers expert consulting and scientific advisory services. It assists clients with environmental assessments, secures necessary permits, conducts environmental audits, and provides toxicology advice. This division also manages emergency responses and recovery efforts, supporting various projects from new developments and facility upgrades to existing operations and decommissioning. Key offerings include regulatory compliance planning and support, as well as comprehensive ecological and toxicological evaluations to navigate environmental challenges. The Measurement and Analysis division is dedicated to rigorous environmental diagnostics. It performs testing and analysis of air, water, and soil samples to identify contaminant levels and assess their potential toxicological effects on wildlife, plant life, and human well-being. Services encompass comprehensive air quality testing (both source and ambient), leak detection, and advanced laboratory analyses for various water types, including stormwater, wastewater, and potable water. Finally, the Remediation and Reuse division focuses on environmental cleanup and resource recovery. It offers engineering, design, implementation, and ongoing operations and maintenance services. Its primary objectives are treating polluted water, extracting contaminants from soil, and generating biogas from waste materials. MEG's diverse client base includes the technology, media, chemical, energy, power and utility, industrial and manufacturing, financial, and engineering sectors, alongside governmental bodies at local, state, provincial, and federal levels. Established in 2012, Montrose Environmental Group maintains its corporate headquarters in North Little Rock, Arkansas.

Sector: Industrials · Industry: Waste Management

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

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: FY 2025Data source: FMP

Halal Alternatives in Industrials

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

PHOEA+

Phoenix Asia Holdings Limited Ordinary Shares

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+1.37%

FASTA+

Fastenal Company

$45.49

+0.30%

ODFLA+

Old Dominion Freight Line, Inc.

$233.84

-0.43%

SAIAA+

Saia, Inc.

$467.89

-6.83%

ADURA+

Aduro Clean Technologies Inc.

$13.86

-1.56%

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Frequently Asked Questions

Is Montrose Environmental Group, Inc. (MEG) halal to invest in?

Montrose Environmental Group, Inc. (MEG) 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 Montrose Environmental Group, Inc. get a F compliance rating?

Montrose Environmental Group, Inc. (MEG) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 63.5% (limit 30%); interest-bearing deposits of 2.0% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Montrose Environmental Group, Inc.'s Shariah verdict?

Montrose Environmental Group, 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 Montrose Environmental Group, Inc. re-screened for Shariah compliance?

Montrose Environmental Group, Inc. (MEG) 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: Jul 18, 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.