Microvast Holdings, Inc.

MVST: Is Microvast Holdings, Inc. Halal?

Microvast Holdings, Inc.

NASDAQIndustrialsUS

$0.80

+2.67%

Market Cap: 268.1M

Compliance Status

Not Halal

Screened on Aug 31, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates Microvast Holdings, Inc. (MVST) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Aug 31, 2026. Source: https://halalscreener.app/en/stock/MVST

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%.

5.5% of 30.0% limit

What this means for you

Most scholars advise not holding MVST

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Microvast Holdings, Inc.

Microvast Holdings, Inc. is a company that designs, develops, and manufactures advanced battery systems tailored for electric vehicles (EVs) and stationary energy storage. The company showcases vertical integration by also producing key battery components, including cathodes, anodes, electrolytes, and separators. Their product offerings feature a diverse selection of cell chemistries, such as lithium titanate oxide (LTO), lithium iron phosphate (LFP), and both first and second-generation nickel manganese cobalt (NMC). Microvast's battery solutions are utilized across a broad spectrum of commercial vehicle markets worldwide, encompassing buses, trains, mining trucks, marine and port equipment, automated guided vehicles (AGVs), specialty vehicles, and light, medium, and heavy-duty trucks. Established in 2006, the company's base of operations is in Stafford, Texas.

Sector: Industrials · Industry: Electrical Equipment & Parts

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 31, 2026

Compliance History

  1. Not Halalnow

    since Jul 2026

  2. Doubtful

    until the change above

  3. Halal

    until the change above

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

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Microvast Holdings, Inc. (MVST) halal to invest in?
Microvast Holdings, Inc. (MVST) 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 Microvast Holdings, Inc. get a F compliance rating?
Microvast Holdings, Inc. (MVST) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 5.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Microvast Holdings, Inc.'s Shariah verdict?
Microvast Holdings, 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 Microvast Holdings, Inc. re-screened for Shariah compliance?
Microvast Holdings, Inc. (MVST) 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: Aug 31, 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.