Is Mayville Engineering Company, Inc. (MEC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 28.2% / 30% | 0.1% / 30% | 12.8% / 30% | 4.38% / 5% | ✓ HALAL |
| DJIM | 28.2% / 33% | 0.1% / 33% | 12.8% / 33% | 4.38% / 5% | ✓ HALAL |
| MSCI | 24.7% / 33% | 0.0% / 33% | 11.2% / 33% | 4.38% / 5% | ✓ HALAL |
| S&P | 28.2% / 33% | 0.1% / 33% | 12.8% / 33% | 4.38% / 5% | ✓ HALAL |
| FTSE | 24.7% / 33% | 0.0% / 33% | 11.2% / 50% | 4.38% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 11.5% | |
| Operating Margin | -4.6% | |
| Net Margin | -1.5% | |
| Return on Equity (ROE) | -3.3% | |
| Return on Assets (ROA) | 0.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $39M |
| Free Cash Flow | $27M |
| Total Debt | $235M |
| Debt-to-Equity | 99.3 |
| Current Ratio | 1.7 |
| Total Assets | $564M |
Price & Trading
| Last Close | $18.04 |
| 50-Day MA | $19.44 |
| 200-Day MA | $16.74 |
| Avg Volume | 173K |
| Beta | 1.1 |
|
52-Week Range
$11.72
| |
About Mayville Engineering Company, Inc. (MEC)
Mayville Engineering Company, Inc., together with its subsidiaries, engages in the production, design, prototyping and tooling, fabrication, aluminum extrusion, coating, and assembling of aftermarket components in the United States. It supplies engineered components to original equipment manufacturers. The company serves heavy and medium duty commercial vehicles, construction and access equipment, powersports, data center and critical power, agriculture, military, and other end markets. Mayville Engineering Company, Inc. was founded in 1945 and is headquartered in Milwaukee, Wisconsin.
Purification Calculator
As a halal stock with 4.38% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Mayville Engineering Company, Inc. (MEC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Mayville Engineering Company, Inc. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Mayville Engineering Company, Inc.'s debt ratio?
Mayville Engineering Company, Inc.'s debt ratio is 28.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 24.7%.
Does Mayville Engineering Company, Inc. require dividend purification?
Yes, Mayville Engineering Company, Inc. has an impermissible income ratio of 4.38%, which means 4.38% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Mayville Engineering Company, Inc.'s key financial metrics?
Mayville Engineering Company, Inc. has a market capitalization of $360M, and revenue of $546M. The company maintains a gross margin of 11.5% and a net margin of -1.5%. Return on equity stands at -3.3%.
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.