What is Mesabi Trust's Shariah compliance score?

Mesabi Trust's (MSB) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Mesabi Trust pass AAOIFI screening?

Mesabi Trust (MSB) 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% (MSB: 0.0%), (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 Mesabi Trust 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 Mesabi Trust (MSB) using the latest financial data.

Where can I screen Mesabi Trust for Shariah compliance for free?

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

MSB: Is Mesabi Trust Halal?

Mesabi Trust

NYSEBasic MaterialsUS

$24.59

-4.84%

Market Cap: 322.6M

Compliance Status

Not Halal

Screened on Sep 2, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Mesabi Trust (MSB) halal? Not Halal. Based on AAOIFI screening, Mesabi Trust passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Mesabi Trust (MSB) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 2, 2026. Source: https://halalscreener.app/en/stock/MSB

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

0.0% of 30.0% limit

What this means for you

Most scholars advise not holding MSB

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Mesabi Trust

Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. The company was incorporated in 1961 and is based in New York, New York.

Sector: Basic Materials · Industry: Steel

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 2, 2026

Compliance History

Not Halalnow
since Aug 2026
Under Review
until the change above

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

Fiscal: Q1 2027Data source: EDGAR

Halal Alternatives in Basic Materials

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

THMA+

International Tower Hill Mines Ltd.

$2.01

+1.01%

0205.KLA+

DPI Holdings Berhad

$0.10

+0.00%

0379.KLA+

PMW International Berhad

$0.24

+0.00%

0381.KLA+

Polymer Link Holdings Berhad

$0.20

+0.00%

0385.KLA+

BMS

$0.13

+0.00%

More Basic Materials Stocks

LIN

Linde plc

APD

Air Products and Chemicals, Inc.

B+

ECL

Ecolab Inc.

CTVA

Corteva, Inc.

A+

DuPont de Nemours, Inc.

B+

DOW

Dow Inc.

Free · No credit card required

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Frequently Asked Questions

Is Mesabi Trust (MSB) halal to invest in?

Mesabi Trust (MSB) 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 Mesabi Trust get a F compliance rating?

Mesabi Trust (MSB) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Mesabi Trust's Shariah verdict?

Mesabi Trust'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 Mesabi Trust re-screened for Shariah compliance?

Mesabi Trust (MSB) 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 2, 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.