Mistras Group, Inc.

MG: Is Mistras Group, Inc. Halal?

Mistras Group, Inc.

NYSEIndustrialsUS

$16.29

+1.05%

Market Cap: 518.3M

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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%.

34.3% of 30.0% limit

What this means for you

Most scholars advise not holding MG

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Mistras Group, Inc.

Mistras Group, Inc. delivers advanced, technology-driven asset protection solutions across the globe. The company structures its operations into three main divisions: Services, International, and Products and Systems. Its extensive service portfolio encompasses non-destructive testing, proactive maintenance evaluations for both fixed and rotating assets, and specialized inline inspections for pipelines. Mistras develops sophisticated enterprise software for managing inspection data and overseeing plant conditions. Additionally, it offers various maintenance and light mechanical services, including corrosion prevention and removal, insulation installation and repair, electrical work, heat tracing, industrial cleaning, pipefitting, and welding. The company also provides engineering consulting, primarily focused on process equipment, technologies, and facilities, utilizing methods like scaffolding and rope access to reach elevated or confined assets. Specialized inspection capabilities include certified divers for subsea operations, alongside unmanned aerial, land-based, and underwater systems. Mistras further provides continuous online condition monitoring and comprehensive quality assurance and control for new and existing components made from metals, alloys, and composites. Regarding its products, Mistras designs, installs, and provides full support for monitoring systems, covering everything from commissioning and training to reporting, technical assistance, and annual maintenance. It also offers web-based applications and develops custom software. A core aspect of its product segment involves manufacturing and distributing acoustic emission sensors, instruments, and integrated systems for monitoring and testing materials, pressure components, processes, and structures, as well as automated ultrasonic systems and scanners. Mistras Group, Inc. serves a diverse clientele across numerous sectors, such as oil and gas, commercial aerospace and defense, power generation (fossil, nuclear, alternative, and renewable), industrial manufacturing, public infrastructure, petrochemicals, transportation, process industries, and various research and engineering organizations. Established in 1978, the company's corporate headquarters are located in Princeton Junction, New Jersey.

Sector: Industrials · Industry: Security & Protection Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

  1. Not Halalnow

    since Jul 2026

  2. Doubtful

    until the change above

  3. Not Halal

    until the change above

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

Fiscal: Q1 2026Data source: EDGAR
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Frequently Asked Questions

Is Mistras Group, Inc. (MG) halal to invest in?
Mistras Group, Inc. (MG) 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 Mistras Group, Inc. get a F compliance rating?
Mistras Group, Inc. (MG) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 34.3% (limit 30%); interest-bearing deposits of 5.4% (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 Mistras Group, Inc.'s Shariah verdict?
Mistras 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 Mistras Group, Inc. re-screened for Shariah compliance?
Mistras Group, Inc. (MG) 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.