What is The Magnum Ice Cream Company N.V.'s Shariah compliance score?

The Magnum Ice Cream Company N.V.'s (MICC) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does The Magnum Ice Cream Company N.V. pass AAOIFI screening?

The Magnum Ice Cream Company N.V. (MICC) 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% (MICC: 30.2%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for The Magnum Ice Cream Company N.V. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for The Magnum Ice Cream Company N.V. (MICC) using the latest financial data.

Where can I screen The Magnum Ice Cream Company N.V. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for The Magnum Ice Cream Company N.V. (MICC) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about MICC's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MICC: Is The Magnum Ice Cream Company N.V. Halal?

The Magnum Ice Cream Company N.V.

NYSEConsumer DefensiveNL

$18.61

-0.69%

Market Cap: 11.4B

Compliance Status

Not Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is The Magnum Ice Cream Company N.V. (MICC) halal? Not Halal. Based on AAOIFI screening, The Magnum Ice Cream Company N.V. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates The Magnum Ice Cream Company N.V. (MICC) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/MICC

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%.

30.2% of 30.0% limit

What this means for you

Most scholars advise not holding MICC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About The Magnum Ice Cream Company N.V.

The Magnum Ice Cream Company N.V. specializes exclusively in the frozen dessert sector. This enterprise is headquartered in Amsterdam, located within Noord-Holland, Netherlands.

Sector: Consumer Defensive · Industry: Packaged Foods

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 1, 2026

Compliance History

Not Halalnow
since Sep 2026
Halal
until the change above

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Consumer Defensive

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

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Teck Guan Perdana Berhad

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LWAYA+

Lifeway Foods, Inc.

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Frequently Asked Questions

Is The Magnum Ice Cream Company N.V. (MICC) halal to invest in?

The Magnum Ice Cream Company N.V. (MICC) 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 The Magnum Ice Cream Company N.V. get a F compliance rating?

The Magnum Ice Cream Company N.V. (MICC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 30.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change The Magnum Ice Cream Company N.V.'s Shariah verdict?

The Magnum Ice Cream Company N.V.'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 The Magnum Ice Cream Company N.V. re-screened for Shariah compliance?

The Magnum Ice Cream Company N.V. (MICC) 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: Sep 1, 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.