What is Myers Industries, Inc.'s Shariah compliance score?

Myers Industries, Inc. (MYE) has a Shariah compliance score of 72/100 (Grade: B+, Good). 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 Myers Industries, Inc. pass AAOIFI screening?

Myers Industries, Inc. (MYE) is rated Doubtful under AAOIFI Shariah screening, which is neither a clear pass nor a clear fail. 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%. MYE's debt-to-market-cap is 27.1%.

How much purification is needed for Myers Industries, 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 Myers Industries, Inc. (MYE) using the latest financial data.

Where can I screen Myers Industries, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Myers Industries, Inc. (MYE) 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.

MYEDoubtfulB+

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Compliance Status

Doubtful

Screened on Oct 13, 2026 · AAOIFI Standard 21

B+

Good

72Score

Is Myers Industries, Inc. (MYE) halal? Doubtful. Based on AAOIFI screening, Myers Industries, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 72/100 (Grade: B+).

Quote this verdict

HalalScreener rates Myers Industries, Inc. (MYE) Doubtful, 72/100, grade B+ under AAOIFI Standard 21, screened Oct 13, 2026. Source: https://halalscreener.app/en/stock/MYE

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

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

27.1% 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

You may own MYE, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

We have screened MYE's prohibited income, but the exact share you would need to purify is part of Pro.

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MYE: Is Myers Industries, Inc. Halal?

Myers Industries, Inc.

NYSEConsumer CyclicalUS

$31.30

Market Cap: 1.2B

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About Myers Industries, Inc.

Myers Industries, Inc., an Akron, Ohio-based company established in 1933, operates through two principal business divisions: Material Handling and Distribution. The Material Handling segment specializes in manufacturing a diverse range of plastic products. These include various storage and organization solutions such as pallets, small parts bins, bulk shipping containers, and custom plastic components, utilizing injection, rotational, and blow molding techniques. They also produce consumer fuel containers and tanks for managing water, fuel, and waste. This segment caters to a broad spectrum of industries, including industrial manufacturing, food processing, retail distribution, agriculture, automotive, recreational and marine sectors, healthcare, and consumer goods markets, among others. These products are offered directly or via distributors, under well-known brands such as Akro-Mils, Jamco, Buckhorn, Ameri-Kart, Scepter, Elkhart Plastics, and Trilogy Plastics. Conversely, the Distribution segment focuses on supplying essential tools, equipment, and ancillary products required for tire, wheel, and under-vehicle maintenance across passenger, heavy truck, and off-road vehicles. Additionally, it produces tire repair materials, bespoke rubber products, and reflective highway marking solutions. Its clientele spans retail and commercial tire dealerships, automotive repair centers, fleet operators, tire re-treaders, truck stops, and governmental bodies.

Sector: Consumer Cyclical · Industry: Packaging & Containers

Why This Stock Is Doubtful

Interest-bearing debt is 27.1% of market cap, only 2.9 points below the 30% AAOIFI limit.

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 13, 2026

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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

Compliance History

Doubtfulnow
since Aug 2026
Halal
until the change above
Doubtful
until the change above
Not Halal
until the change above

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

Fiscal: Q2 2026Data source: EDGAR

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Frequently Asked Questions

Is Myers Industries, Inc. (MYE) halal to invest in?

Myers Industries, Inc. (MYE) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Myers Industries, Inc. get a B+ compliance rating?

Myers Industries, Inc. (MYE) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 27.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Myers Industries, Inc.'s Shariah verdict?

Myers Industries, 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 Myers Industries, Inc. re-screened for Shariah compliance?

Myers Industries, Inc. (MYE) 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.