Is Merchants Financial Group Inc halal to invest in?

According to Musaffa's Shariah screening methodology, Merchants Financial Group Inc (MFGI) is currently classified as NOT HALAL as of January 2025. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Merchants Financial Group Inc a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Merchants Financial Group Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Merchants Financial Group Inc?

Muslim investors may consider investing in Merchants Financial Group Inc if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Merchants Financial Group Inc classified as NOT HALAL?

Musaffa determines the Shariah status of Merchants Financial Group Inc by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Merchants Financial Group Inc updated?

The Shariah compliance status of Merchants Financial Group Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Merchants Financial Group Inc become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Merchants Financial Group Inc?

You can check the latest Shariah compliance status of Merchants Financial Group Inc on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

MFGI Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 13, 2025

Report Source: 2024 3rd Quarter Report

Merchants Financial Group Inc. Stock Analysis MFGI

United States Financials Micro Cap Report: Q3, 2024

Merchants Financial Group, Inc. is a holding company, which engages in the provision of retail, commercial loan, and deposit services. The company is headquartered in Winona, Minnesota. The company went IPO on 2001-07-24. The company provides retail, commercial loan and deposit services principally to customers within a 50-mile radius of its locations. Its products and services include banking, business, home loans, and wealth. Its banking products include spend, save, kids and students, and loans and credit cards. Its business products include checking, savings, loans, equipment finance, treasury management, and business credit cards. Its home loan products include mortgage, construction, home equity, mortgage resources, correspondent mortgage, and banking. Its wealth products include investment services, trust services, and wealth resources. The company has branch operations in Winona, Goodview, Rushford, Lanesboro, St. Charles, Rochester, La Crescent, Caledonia, Spring Grove, Cannon Falls, Red Wing, Hampton, Hastings, Apple Valley, Lakeville, Cottage Grove, Rosemount, and Northfield, Minnesota; and Onalaska and Eau Claire, Wisconsin.

Key Statistics of Merchants Financial Group Inc (MFGI)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

$37.00$37.00

Today's Open

$37.00

Volume

783.00

P/E Ratio (TTM)

52 Week Range

$24.30$37.00

Market Cap

298.52M

Avg. Volume

1510.50

Dividend Yield

Financial Metrics & Statements of Merchants Financial Group Inc (MFGI)

FAQ's for Merchants Financial Group Inc (MFGI)

According to Musaffa’s Shariah screening methodology, Merchants Financial Group Inc (MFGI) is currently classified as NOT HALAL as of January 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.