Is MFS GOVERNMENT MARKETS INCOME TRUST (MGF) Halal?

NYSE Financial Services United States $95M
✗ NOT HALAL
Confidence: 95/100
MFS GOVERNMENT MARKETS INCOME TRUST (MGF) 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
18.2
EPS
$0.16
Dividend Yield
793.0%
Payout: 144.6%
P/B Ratio
0.9
Revenue
$6M
Growth: -5.4%
Beta
0.4
Low volatility
Current Ratio
0.4

Profitability

Gross Margin 100.0%
Operating Margin 80.5%
Net Margin 125.6%
Return on Equity (ROE) 5.1%
Return on Assets (ROA) 2.0%

Cash Flow & Balance Sheet

Current Ratio0.4
Total Assets$106M

Price & Trading

Last Close$2.93
50-Day MA$2.99
200-Day MA$3.06
Avg Volume80K
Beta0.4
52-Week Range
$2.90
$3.17

About MFS GOVERNMENT MARKETS INCOME TRUST (MGF)

CEO
Ms. Robin Ann Stelmach
Sector
Financial Services
Industry
Asset Management
Country
United States
Exchange
NYSE
Market Cap
$95M
Currency
USD

MFS Government Markets Income Trust is a close ended fixed income mutual fund launched and managed by Massachusetts Financial Services Company. The fund invests in the fixed income markets of United States. It primarily invests in investment grade debt instruments. The fund also invests in mortgage backed, U.S. government agencies, international sovereigns, U.S. treasuries, cash and other net assets, emerging markets debt, high grade corporates, and residential mortgage backed securities. It benchmarks the performance of its portfolio against the Barclays U.S. Government/Mortgage Bond Index. MFS Government Markets Income Trust was formed in May 28, 1987 and is domiciled in the United States.

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Frequently Asked Questions

Is MFS GOVERNMENT MARKETS INCOME TRUST (MGF) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), MFS GOVERNMENT MARKETS 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 GOVERNMENT MARKETS INCOME TRUST's debt ratio?

MFS GOVERNMENT MARKETS 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 GOVERNMENT MARKETS INCOME TRUST's key financial metrics?

MFS GOVERNMENT MARKETS INCOME TRUST has a market capitalization of $95M, trailing P/E ratio of 18.2, and revenue of $6M. The company maintains a gross margin of 100.0% and a net margin of 125.6%. Return on equity stands at 5.1%.

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.