Is Mackenzie Master LP halal to invest in?

According to Musaffa's Shariah screening methodology, Mackenzie Master LP (MKZ.UN.TO) is currently classified as NOT HALAL as of July 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 Mackenzie Master LP 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 Mackenzie Master LP using these criteria to determine its compliance status.

Can Muslims buy shares of Mackenzie Master LP?

Muslim investors may consider investing in Mackenzie Master LP 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 Mackenzie Master LP classified as NOT HALAL?

Musaffa determines the Shariah status of Mackenzie Master LP 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 Mackenzie Master LP updated?

The Shariah compliance status of Mackenzie Master LP may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Mackenzie Master LP 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 Mackenzie Master LP?

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

MKZ.UN.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 16, 2025

Report Source: 2024 Annual Report

Mackenzie Master LP. Stock Analysis MKZ.UN.TO

Canada Financials Nano Cap Report: 2024 Annual

Mackenzie Master LP engages in the distribution of redemption charge securities of mutual funds. The company is headquartered in Toronto, Ontario. The Partnerships are formed to pay selling commissions to financial advisors who sold redemption charge securities of Mackenzie mutual funds (the Funds) for specified periods between 1987 and 1994. The Master LP invests cash in units of Mackenzie Canadian Money Market Fund (the Money Market Fund), a fund managed by Mackenzie. The general partner of the Master LP is MMLP GP Inc. (the General Partner), a wholly owned subsidiary of Mackenzie. The General Partner is responsible for the management of the Master LP.

Key Statistics of Mackenzie Master LP (MKZ.UN.TO)

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

Today's Range

CAD0.52CAD0.52

Today's Open

CAD0.52

Volume

3097.00

P/E Ratio (TTM)

6.98

52 Week Range

CAD0.39CAD0.62

Market Cap

3.18M

Avg. Volume

6758.31

Dividend Yield

15.87%

Financial Metrics & Statements of Mackenzie Master LP (MKZ.UN.TO)

FAQ's for Mackenzie Master LP (MKZ.UN.TO)

According to Musaffa’s Shariah screening methodology, Mackenzie Master LP (MKZ.UN.TO) is currently classified as NOT HALAL as of July 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.