Magna International Inc MGA
$73.05 $2.66 (3.78%) 1D
Last Updated: Aug 21, 12:00 AM·NYSE
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MGA Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Magna International Inc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Magna International Inc. Stock Analysis MGA
United States Consumer Discretionary Large Cap Magna International, Inc. is a mobility technology company, which engages in the design, engineering, and manufacturing of automotive supplies. The firm is a supplier in automotive space, specializing in body and chassis, all-wheel drive/front-wheel-drive, transmissions, latches, mirrors and contract vehicle assembly. Its segments include Body Exteriors & Structures, Power & Vision, Seating Systems and Complete Vehicles. The firm's major product portfolio includes seating, mechatronics, electronics, body & chassis exteriors, mirrors, lighting, powertrain, and complete vehicle. 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 341 manufacturing operations and 106 product development, engineering and sales centers spanning 28 countries.
Magna International Inc (MGA) Chart
Financial Metrics & Statements of Magna International Inc (MGA)
FAQ's for Magna International Inc (MGA)
- As of August 2026, Magna International Inc MGA is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Magna International Inc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Magna International 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.
- Musaffa determines the Shariah status of Magna International Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Magna International Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- 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.
- You can check the latest Shariah compliance status of Magna International Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Magna International Inc (MGA)
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