What is Microvast Holdings, Inc.'s Shariah compliance score?

Microvast Holdings, Inc. (MVST) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Microvast Holdings, Inc. pass AAOIFI screening?

Microvast Holdings, Inc. (MVST) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. MVST's debt-to-market-cap is 64.2%.

How much purification is needed for Microvast Holdings, Inc.?

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 percentage and amount for Microvast Holdings, Inc. (MVST) using the latest financial data.

Where can I screen Microvast Holdings, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Microvast Holdings, Inc. (MVST) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

MVSTNot HalalF

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Compliance Status

Not Halal

Screened on Oct 13, 2026 · AAOIFI Standard 21

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 Oct 13, 2026. Source: https://halalscreener.app/en/stock/MVST

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%.

64.2% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

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

MVST: Is Microvast Holdings, Inc. Halal?

Microvast Holdings, Inc.

NASDAQIndustrialsUS

$0.52

Market Cap: 172.6M

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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

Why this does not pass

Interest-bearing debt is 64.2% of market cap, over the 30% AAOIFI limit.
Interest-bearing deposits are over the 30% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 13, 2026

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Institutional-grade Shariah analysis

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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halalnow
since Jul 2026
Doubtful
until the change above
Halal
until the change above

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

Fiscal: Q2 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:

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$0.16

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$1.16

+0.03%

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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 64.2% (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: Oct 13, 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.