What is McGrath RentCorp's Shariah compliance score?

McGrath RentCorp (MGRC) has a Shariah compliance score of 85/100 (Grade: A, Very Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does McGrath RentCorp pass AAOIFI screening?

McGrath RentCorp (MGRC) passes 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% (MGRC: 18.2%), (3) interest-bearing deposits below 30% (MGRC: 0.0%), and (4) prohibited income below 5% (MGRC: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for McGrath RentCorp stock?

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

HalalScreener (halalscreener.app) offers free Shariah compliance screening for McGrath RentCorp (MGRC) 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 MGRC's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MGRC: Is McGrath RentCorp Halal?

McGrath RentCorp

NASDAQIndustrialsUS

$117.91

-1.65%

Market Cap: 2.9B

Compliance Status

Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Very Good

85Score

Is McGrath RentCorp (MGRC) halal? Halal. Based on AAOIFI screening, McGrath RentCorp passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 85/100 (Grade: A).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Within the limit

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

18.2% of 30.0% limit

What this means for you

You can own MGRC

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

No purification owed

Based on the latest screening, none of its income comes from prohibited sources.

About McGrath RentCorp

McGrath RentCorp (MGRC) operates as a diversified business-to-business provider of rental solutions, serving clients across the United States and internationally. Its primary offerings encompass a range of temporary infrastructure and specialized equipment, including versatile modular structures, portable storage units, advanced electronic testing apparatus, and various liquid and solid containment solutions. The company's operations are divided into four distinct segments: Mobile Modular, TRS-RenTelco, Adler Tanks, and Enviroplex. Mobile Modular specializes in the rental and sale of adaptable modular buildings and portable storage containers. These structures cater to diverse applications such as educational facilities, temporary workplaces, sales outposts, construction site offices, healthcare clinics, and more. TRS-RenTelco focuses on providing (renting and selling) advanced electronic test and measurement equipment. This includes general-purpose instruments like oscilloscopes, amplifiers, and analyzers, primarily catering to the aerospace, defense, electronics, industrial, research, and semiconductor sectors. Additionally, it supplies specialized communication test gear for fiber, copper, and wireless networks, serving equipment manufacturers, installation contractors, field technicians, and communication service providers. Adler Tanks offers rental solutions for various containment needs. Its inventory comprises robust fixed-axle steel tanks for liquids such as groundwater, wastewater, hazardous organic compounds, sewage, and chemical mixtures. The segment also supplies vacuum containers for sludges and solids, dewatering boxes designed to separate liquids from sludge and slurry, and roll-off/trash containers for the interim storage and transport of solid waste. Enviroplex stands out by manufacturing and directly selling portable classroom facilities. Its clientele primarily consists of public school districts and other educational bodies within California. Established in 1979, McGrath RentCorp maintains its headquarters in Livermore, California.

Sector: Industrials · Industry: Rental & Leasing Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q1 2026Data source: EDGAR

More Industrials Stocks

GE Aerospace

A+

CAT

Caterpillar Inc.

RTX

RTX Corporation

UNP

Union Pacific Corporation

HON

Honeywell International Inc.

UPS

United Parcel Service, Inc.

B+

Free · No credit card required

Track MGRC and 10,000+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started Free Browse Screener

10,000+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is McGrath RentCorp (MGRC) halal to invest in?

Based on AAOIFI Standard 21 screening, McGrath RentCorp (MGRC) 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 McGrath RentCorp get a A compliance rating?

McGrath RentCorp (MGRC) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 18.2% (limit 30%); interest-bearing deposits of 0.0% (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 McGrath RentCorp's Shariah verdict?

McGrath RentCorp'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 McGrath RentCorp re-screened for Shariah compliance?

McGrath RentCorp (MGRC) 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.