The Manitowoc Company, Inc.

MTW: Is The Manitowoc Company, Inc. Halal?

The Manitowoc Company, Inc.

NYSEIndustrialsUS

$12.28

+5.86%

Market Cap: 441.0M

Compliance Status

Not Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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%.

97.0% of 30.0% limit

What this means for you

Most scholars advise not holding MTW

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About The Manitowoc Company, Inc.

The Manitowoc Company, Inc. provides engineered lifting solutions in the Americas, Europe, Africa, the Middle East, and the Asia Pacific. It designs, manufactures, and distributes crawler-mounted lattice-boom cranes under the Manitowoc brand; a line of top-slewing and self-erecting tower cranes under the Potain brand; mobile hydraulic cranes under the Grove, Shuttlelift, and National Crane brands; and hydraulic boom trucks under the National Crane brand. The company also provides crane product parts and services; and crane rebuilding, remanufacturing, and training services. Its crane products are used in various applications, including energy production/distribution and utilities; petrochemical and industrial projects; infrastructure, such as road, bridge, and airport construction; and commercial and high-rise residential construction. The company serves a range of customers, including dealers, rental companies, contractors, and government entities in the petrochemical, industrial, commercial construction, power and utilities, infrastructure, and residential construction end markets. The Manitowoc Company, Inc. was founded in 1902 and is headquartered in Milwaukee, Wisconsin.

Sector: Industrials · Industry: Agricultural - Machinery

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 2026

Compliance History

Not 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

Halal Alternatives in Industrials

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

Phoenix Asia Holdings Limited Ordinary Shares
PHOEA+

Phoenix Asia Holdings Limited Ordinary Shares

$17.80

+1.37%

Fastenal Company
FASTA+

Fastenal Company

$45.49

+0.30%

Old Dominion Freight Line, Inc.
ODFLA+

Old Dominion Freight Line, Inc.

$233.84

-0.43%

Saia, Inc.
SAIAA+

Saia, Inc.

$467.89

-6.83%

Aduro Clean Technologies Inc.
ADURA+

Aduro Clean Technologies Inc.

$13.86

-1.56%

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HON

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UPS

United Parcel Service, Inc.

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Frequently Asked Questions

Is The Manitowoc Company, Inc. (MTW) halal to invest in?
The Manitowoc Company, Inc. (MTW) 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 Manitowoc Company, Inc. get a F compliance rating?
The Manitowoc Company, Inc. (MTW) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 97.0% (limit 30%); interest-bearing deposits of 16.1% (limit 30%); prohibited income of 0.04% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change The Manitowoc Company, Inc.'s Shariah verdict?
The Manitowoc Company, 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 The Manitowoc Company, Inc. re-screened for Shariah compliance?
The Manitowoc Company, Inc. (MTW) 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 17, 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.