What is Magna International Inc.'s Shariah compliance score?

Magna International Inc.'s (MGA) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Magna International Inc. pass AAOIFI screening?

Magna International Inc. (MGA) 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% (MGA: 47.6%), (3) interest-bearing deposits below 30% (MGA: 9.2%), and (4) prohibited income below 5% (MGA: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Magna International Inc. stock?

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

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Magna International Inc. (MGA) 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 MGA's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MGA: Is Magna International Inc. Halal?

Magna International Inc.

NYSEConsumer CyclicalCA

$64.27

+0.05%

Market Cap: 17.5B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Magna International Inc. (MGA) halal? Not Halal. Based on AAOIFI screening, Magna International 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%.

47.6% of 30.0% limit

What this means for you

Most scholars advise not holding MGA

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Magna International Inc.

Based in Aurora, Canada, and established in 1957, Magna International Inc. operates as a leading global partner to the automotive industry. The company specializes in the conceptualization, development, and production of an extensive range of components, integrated systems, and complete modules, serving original equipment manufacturers of passenger vehicles and light trucks across the globe. Its comprehensive activities are structured into four key business segments: The Body Exteriors & Structures division focuses on foundational vehicle architecture. This includes essential body and chassis elements, exterior trims, and roof systems, along with advanced battery enclosures. This segment also provides specialized engineering and testing capabilities, delivering products such as bumper fascia, integrated front-end modules, liftgate assemblies, active aerodynamic components, specialized automotive glass, running boards, truck bed access systems, and side door structures. The Power & Vision segment is dedicated to innovative propulsion and sensory technologies. It develops hybrid and electric drive systems, encompassing motors, inverters, and onboard charging units, alongside a variety of transmission types, including hybrid, dual-clutch, and manual options. This division further produces all-wheel-drive/four-wheel-drive systems, driveline components, and engine accessories. Additionally, it supplies sophisticated advanced driver assistance systems (ADAS), sensors, and electronic control units. Its broad product line also extends to interior and exterior mirrors, camera and driver monitoring systems, electronic actuators, door handles, overhead consoles, and comprehensive lighting solutions (forward, rear, auxiliary). Furthermore, it provides complex latching, door modules, power window and closure systems, hinges, wire forms, and various convertible roof solutions, including modular and textile folding tops. The Seating Systems division is responsible for crafting integrated seating solutions, encompassing robust seat structures, intricate mechanism and hardware solutions, and essential foam and trim materials. Lastly, the Complete Vehicles segment offers end-to-end vehicle engineering and full-scale manufacturing services. Beyond these primary segments, Magna International Inc. also possesses extensive capabilities in designing, engineering, and manufacturing specialized tooling products.

Sector: Consumer Cyclical · Industry: Auto - Parts

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Consumer Cyclical

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

MARA+

Marriott International, Inc.

$366.24

-0.85%

FWDIA+

Forward Industries, Inc.

$3.96

+11.86%

ROLA+

Rollins, Inc.

$44.77

-0.40%

TSCOA+

Tractor Supply Company

$30.24

+1.65%

GNTXA+

Gentex Corporation

$24.35

-2.25%

More Consumer Cyclical Stocks

AMZN

Amazon.com, Inc.

A+

TSLA

Tesla, Inc.

The Home Depot, Inc.

MCD

McDonald's Corporation

B+

BKNG

Booking Holdings Inc.

LOW

Lowe's Companies, Inc.

Free · No credit card required

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Frequently Asked Questions

Is Magna International Inc. (MGA) halal to invest in?

Magna International Inc. (MGA) 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 Magna International Inc. get a F compliance rating?

Magna International Inc. (MGA) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 47.6% (limit 30%); interest-bearing deposits of 9.2% (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 Magna International Inc.'s Shariah verdict?

Magna International 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 Magna International Inc. re-screened for Shariah compliance?

Magna International Inc. (MGA) 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.