Is Magazine Luiza SA halal to invest in?

As of July 2026, Magazine Luiza SA MGLU3.SA is classified as not covered 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.

Is Magazine Luiza SA 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 Magazine Luiza SA using these criteria to determine its compliance status.

Can Muslims buy shares of Magazine Luiza SA?

Muslim investors may consider investing in Magazine Luiza SA 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 Magazine Luiza SA classified as NOT COVERED?

Musaffa determines the Shariah status of Magazine Luiza SA 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 Magazine Luiza SA updated?

The Shariah compliance status of Magazine Luiza SA may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Magazine Luiza SA 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 Magazine Luiza SA?

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

Magazine Luiza SA MGLU3.SA

Last Updated: Jul 17, 12:00 AM·BOVESPA

Magazine Luiza SA. Stock Analysis MGLU3.SA

Brazil Consumer Discretionary Small Cap

Magazine Luiza SA is a technology and logistics company focused on the retail sector. The company is headquartered in Franca, Sao Paulo. The company went IPO on 2011-04-28. The firm's activities are divided into four business lines: Retail, through physical stores and E-commerce sells various consumer goods, including home appliances, electronics, furniture, cosmetics, baby care accessories, toys and sport articles, among others; Luizacred, which offers products such as the credit cards, consumer credits, personal loans, payroll loans; Luizaseg, offering insurance and extended product's warranty; and Consortium Management, providing customers access to its so-called letters of credit through Consorcio Luiza. The firm owns several subsidiaries, such as Magalog Servicos Logisticos Ltda and Campos Floridos Comercio de Cosmeticos Ltda.

Shariah Compliance Report

An extensive business and financial screening of the company which specifies why a stock is halal or haram!