Mistras Group, Inc.

MG: Is Mistras Group, Inc. Halal?

Mistras Group, Inc.

NYSEIndustrialsUS

$15.71

-1.32%

Market Cap: 499.8M

Compliance Status

Doubtful

Screened on Aug 29, 2026 · AAOIFI Standard 21

B+

Good

73Score

Is Mistras Group, Inc. (MG) halal? Doubtful. Based on AAOIFI screening, Mistras Group, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 73/100 (Grade: B+).

Quote this verdict

HalalScreener rates Mistras Group, Inc. (MG) Doubtful, 73/100, grade B+ under AAOIFI Standard 21, screened Aug 29, 2026. Source: https://halalscreener.app/en/stock/MG

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

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

29.3% of 30.0% limit

What this means for you

You may own MG, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

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

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

Why This Stock Is Doubtful

  • Debt is 29.3% of market cap, only 0.7 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 29, 2026

Compliance History

  1. Doubtfulnow

    since Aug 2026

  2. Not Halal

    until the change above

  3. Doubtful

    until the change above

  4. Not Halal

    until the change above

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

Fiscal: Q2 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 Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.
Why did Mistras Group, Inc. get a B+ compliance rating?
Mistras Group, Inc. (MG) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 29.3% (limit 30%). 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: Aug 29, 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.