M/I Homes, Inc.

MHO: Is M/I Homes, Inc. Halal?

M/I Homes, Inc.

NYSEConsumer CyclicalUS

$149.62

+1.02%

Market Cap: 3.9B

Compliance Status

Doubtful

Screened on Jul 16, 2026 · AAOIFI Standard 21

C+

Fair

59Score

Is M/I Homes, Inc. (MHO) halal? Doubtful. Based on AAOIFI screening, M/I Homes, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 59/100 (Grade: C+).

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%.

28.2% of 30.0% limit

What this means for you

You may own MHO, with caution

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

About M/I Homes, Inc.

M/I Homes, Inc. (MHO), along with its affiliated companies, constructs single-family residences across a broad geographical area, including Ohio, Indiana, Illinois, Minnesota, Michigan, Florida, Texas, North Carolina, and Tennessee. Its operations are divided into three primary segments: Northern Homebuilding, Southern Homebuilding, and Financial Services. Under the M/I Homes brand, the company engages in the entire process of home development, from conceptual design and construction to marketing and sales. It caters to a diverse clientele, encompassing first-time purchasers, millennials, those upgrading their homes, empty-nesters, and luxury market consumers, offering both detached single-family houses and attached townhouses. Beyond building, M/I Homes acquires raw land, transforming it into ready-to-build lots. These developed parcels are then utilized for its own single-family home construction projects or sold to external parties. Furthermore, its financial services division facilitates homeownership by originating and selling mortgage loans. This segment also operates as a title insurance provider, offering policies, conducting examinations, and managing closing services for individuals buying M/I Homes properties. Originally established in Columbus, Ohio, in 1976, the company was initially named M/I Schottenstein Homes, Inc. It adopted its current name, M/I Homes, Inc., in January 2004.

Sector: Consumer Cyclical · Industry: Residential Construction

Why This Stock Is Doubtful

  • Debt is 28.2% of market cap, only 1.8 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 Jul 16, 2026

Compliance History

  1. Doubtfulnow

    since Jun 2026

  2. Not Halal

    until the change above

  3. 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 M/I Homes, Inc. (MHO) halal to invest in?
M/I Homes, Inc. (MHO) 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 M/I Homes, Inc. get a C+ compliance rating?
M/I Homes, Inc. (MHO) received a grade of C+ (Fair) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 28.2% (limit 30%); interest-bearing deposits of 21.3% (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 M/I Homes, Inc.'s Shariah verdict?
M/I Homes, 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 M/I Homes, Inc. re-screened for Shariah compliance?
M/I Homes, Inc. (MHO) 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 16, 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.