What is MYR Group Inc.'s Shariah compliance score?

MYR Group Inc. (MYRG) has a Shariah compliance score of 97/100 (Grade: A+, Excellent) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does MYR Group Inc. pass AAOIFI screening?

MYR Group Inc. (MYRG) passes 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% (MYRG: 1.0%), (3) interest-bearing deposits below 30% (MYRG: 2.4%), and (4) prohibited income below 5% (MYRG: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for MYR Group Inc. stock?

MYR Group Inc. (MYRG) has a non-permissible income ratio of 0.02%. Muslim investors should purify this percentage of any dividends received and capital gains realized from MYRG shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen MYR Group Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for MYR Group Inc. (MYRG) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about MYRG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

MYRG: Is MYR Group Inc. Halal?

MYR Group Inc.

NASDAQIndustrialsUS

$398.81

-3.90%

Market Cap: 6.2B

Compliance Status

Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

A+

Excellent

97Score

Is MYR Group Inc. (MYRG) halal? Halal. Based on AAOIFI screening, MYR Group Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 97/100 (Grade: A+).

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%.

1.0% of 30.0% limit

What this means for you

You can own MYRG

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

No purification owed

Based on the latest screening, none of its income comes from prohibited sources.

About MYR Group Inc.

Operating across the United States and Canada, MYR Group Inc. is a leading provider of electrical construction services, delivered through its two core divisions: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution division specializes in comprehensive services for electrical transmission and distribution grids, as well as substation infrastructure. These offerings span design, engineering, procurement, construction, enhancements, upkeep, and repairs, primarily targeting clients within the electric utility sector. Key activities include building and maintaining high-voltage transmission lines, substations, and both underground and overhead lower-voltage distribution systems. The segment also handles renewable power installations, some gas construction projects, and critical emergency restoration following natural disasters like hurricanes or ice storms. As a prime contractor, MYR serves a diverse client base, including investor-owned utilities, cooperatives, private developers, government-funded entities, independent power producers, transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial division delivers a variety of services, encompassing the design, installation, maintenance, and repair of electrical wiring for commercial and industrial settings. This also extends to installing traffic control networks and lighting systems for bridges, roadways, and tunnels. Their expertise is applied across a wide array of venues, such as airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy sites, manufacturing and processing plants, wastewater treatment facilities, mining operations, and transportation management systems. Clients for this segment include general contractors, commercial and industrial property owners, government agencies, and developers. Established in 1891, MYR Group Inc. maintains its corporate headquarters in Henderson, Colorado.

Sector: Industrials · Industry: Engineering & Construction

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 2026

Compliance History

Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q1 2026Data source: EDGAR

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Frequently Asked Questions

Is MYR Group Inc. (MYRG) halal to invest in?

Based on AAOIFI Standard 21 screening, MYR Group Inc. (MYRG) is rated Halal with a compliance grade of A+ (Excellent). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did MYR Group Inc. get a A+ compliance rating?

MYR Group Inc. (MYRG) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 1.0% (limit 30%); interest-bearing deposits of 2.4% (limit 30%); prohibited income of 0.02% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change MYR Group Inc.'s Shariah verdict?

MYR Group 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 MYR Group Inc. re-screened for Shariah compliance?

MYR Group Inc. (MYRG) 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.