MG.TO Shariah Compliance
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Magna International Inc. Stock Analysis MG.TO
Magna International, Inc. is a mobility technology company, which engages in the design, engineering, and manufacturing of automotive supplies. The company is headquartered in Aurora, Ontario. The firm is a global automotive supplier that has complete vehicle engineering and contract manufacturing expertise, as well as product capabilities which include body, chassis, exterior, seating, powertrain, active driver assistance, electronics, mechatronics, mirrors, lighting and roof systems. The company also has electronic and software capabilities across many of these areas. Its segments include Body Exteriors & Structures; Power & Vision; Seating Systems, and Complete Vehicles. Its products include battery enclosures, body-in-white solutions, chassis systems, ADAS and automated driving, control modules, active aerodynamics, exterior systems and modules, lighting, mechatronics, mirrors, electrified powertrain products, complete vehicle engineering and others. Its global network includes approximately 343 manufacturing operations and 105 product development, engineering and sales centers spanning 28 countries.
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FAQ's
Halal stocks refer to shares of companies that comply with Islamic finance principles, meaning they do not engage in businesses related to alcohol, gambling, pork, or interest-based financial services.