Is MFS CHARTER INCOME TRUST (MCR) Halal?

NYSE Financial Services United States $245M
✗ NOT HALAL
Confidence: 95/100
MFS CHARTER INCOME TRUST (MCR) is Not Halal under AAOIFI Standard 21 due to its classification in the Asset Management industry, which is excluded under Shariah screening. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

Shariah Screening — 5 Standards

Based on financial data from November 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI Excluded — Asset Management ✗ NOT HALAL
DJIM Excluded — Asset Management ✗ NOT HALAL
MSCI Excluded — Asset Management ✗ NOT HALAL
S&P Excluded — Asset Management ✗ NOT HALAL
FTSE Excluded — Asset Management ✗ NOT HALAL

Financial Highlights

P/E Ratio
14.0
Forward: 27.9
EPS
$0.42
Dividend Yield
916.0%
Payout: 128.1%
P/B Ratio
0.9
Revenue
$18M
Growth: -0.1%
Beta
0.7
Low volatility
Current Ratio
0.1

Profitability

Gross Margin 100.0%
Operating Margin 90.0%
Net Margin 78.6%
Return on Equity (ROE) 6.2%
Return on Assets (ROA) 3.3%

Cash Flow & Balance Sheet

Operating Cash Flow$23M
Free Cash Flow$23M
Total Debt$95M
Debt-to-Equity33.8
Current Ratio0.1
Total Assets$379M

Price & Trading

Last Close$5.91
50-Day MA$6.19
200-Day MA$6.30
Avg Volume95K
Beta0.7
52-Week Range
$5.57
$6.58

About MFS CHARTER INCOME TRUST (MCR)

CEO
Ms. Robin Ann Stelmach
Sector
Financial Services
Industry
Asset Management
Country
United States
Exchange
NYSE
Market Cap
$245M
Currency
USD

MFS Charter Income Trust is a closed ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets across the globe. It invests primarily in corporate bonds of U.S. or foreign issuers, U.S. Government securities, foreign government securities, mortgage-backed, and other asset-backed securities of U.S. or foreign issuers, or debt instruments of issuers located in emerging market countries. The fund employs a combination of fundamental and quantitative analysis with bottom-up stock picking approach to create its portfolio. It seeks to benchmarks the performance of its portfolio against a combination of the Barclays U.S. High-Yield Corporate Bond 2% Issuer Capped Index, MFS Charter Income Trust Blended Index, Barclays U.S. Credit Bond Index, Barclays U.S. Government/Mortgage Bond Index, Citigroup World Government Bond Non-Dollar Hedged Index, and JPMorgan Emerging Markets Bond Index Global. MFS Charter Income Trust was formed on July 20, 1989 and is domiciled in the United States.

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Frequently Asked Questions

Is MFS CHARTER INCOME TRUST (MCR) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), MFS CHARTER INCOME TRUST is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

What is MFS CHARTER INCOME TRUST's debt ratio?

MFS CHARTER INCOME TRUST's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.

What are MFS CHARTER INCOME TRUST's key financial metrics?

MFS CHARTER INCOME TRUST has a market capitalization of $245M, trailing P/E ratio of 14.0, and revenue of $18M. The company maintains a gross margin of 100.0% and a net margin of 78.6%. Return on equity stands at 6.2%.

How often is the screening data updated?

Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.