Mesabi Trust MSB
$22.77 $0.38 (1.64%) 1D
Last Updated: Aug 21, 12:00 AM·NYSE
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MSB Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Mesabi Trust is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Mesabi Trust. Stock Analysis MSB
United States Materials Small Cap Mesabi Trust engages in the business of collecting income, paying expenses and liabilities, distributing net income to the holders of Trust certificates after the payment of, or provision for, such expenses and liabilities, and protecting and conserving the assets held. The company is headquartered in New York City, New York. The Trust is a pass-through entity. The company operates in one segment, which is iron ore mining. The mine is operated by Northshore Mining Company (Northshore), a subsidiary of Cleveland-Cliffs Inc. (CCI). Northshore mines the ore, which is in the form of taconite, a hard rock containing approximately 21% recoverable iron, crushes it, separates the iron particles from the non-metallic, and forms the resulting concentrate into pellets which are shipped for use in steel-producing blast furnaces of customers of CCI. Northshore pays royalties to the Trust primarily based on the selling price of pellets shipped from Northshore’s pellet plant at Silver Bay, Minnesota, on Lake Superior approximately 45 miles from the mine, plus a significantly smaller royalty based on tons of ore extracted at the mine.
Mesabi Trust (MSB) Chart
Financial Metrics & Statements of Mesabi Trust (MSB)
FAQ's for Mesabi Trust (MSB)
- As of August 2026, Mesabi Trust MSB 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 Mesabi Trust using these criteria to determine its compliance status.
- Muslim investors may consider investing in Mesabi Trust 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 Mesabi Trust 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 Mesabi Trust 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 Mesabi Trust 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 Mesabi Trust (MSB)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
