MSC Industrial Direct Co., Inc.

MSM stock is Shariah-compliant

مدعوم بواسطة Zoya API

About MSC Industrial Direct Co., Inc. (MSM)

MSC Industrial Direct Co., Inc., together with its subsidiaries, distributes metalworking and maintenance, repair, and operations (MRO) products and services in the United States, Canada, Mexico, and the United Kingdom. It offers approximately 1.9 million stock-keeping units through various channels, including catalogs, e-commerce, inventory management solutions, and call-centers and branches. The company operates a distribution network of 28 branch offices, 11 customer fulfilment centers, and seven regional inventory centers, serving individual machine shops, Fortune 1000 manufacturing companies, government agencies, and manufacturers of various sizes.

الأسئلة المتداولة

Is MSC Industrial Direct Co., Inc. (MSM) stock halal to invest in?
Yes, MSM is Shariah-compliant based on the company’s latest financial reports and therefore considered halal to invest in. Last updated on Aug 27, 2024.
No, MSM is Shariah-compliant based on the company’s latest financial reports and therefore not considered halal to invest in. Last updated on Aug 27, 2024.
MSM is flagged as Shariah-compliant in terms of Shariah compliance based on the company's latest financial reports. This means that while the company's operations do not definitively violate Islamic guidelines, there are certain aspects of MSC Industrial Direct Co., Inc.'s business that require careful consideration. Last updated on Aug 27, 2024.
Does MSC Industrial Direct Co., Inc. have any interest income?
Yes, MSC Industrial Direct Co., Inc. does have interest income. According to the company's latest annual report for the fiscal year ending Sep 02, 2023, MSC Industrial Direct Co., Inc. reported revenue of 4009282000 and interest income of 1034000. The interest income represents 0.03% of the combined total. It's worth noting that some companies may report additional interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
No, MSC Industrial Direct Co., Inc. has not reported any interest income. According to the company's latest annual report for the fiscal year ending Sep 02, 2023, MSC Industrial Direct Co., Inc. reported total revenue of 4009282000, with no separate interest income disclosed. However, it's worth noting that some companies may report interest income as part of their revenue. For a detailed breakdown of all interest income and revenue segments, please refer to the full Shariah compliance report available in the Zoya app.
What guidelines are used to determine if MSC Industrial Direct Co., Inc. stock is Shariah-compliant?
نحن نستخدم المبادئ التوجيهية التي وضعتها هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية (AAOIFI) لتقييم الامتثال للشريعة الإسلامية. هيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية هي منظمة دولية رائدة تضع معايير التمويل الإسلامي. تساعد إرشاداتها في تحديد ما إذا كانت الأنشطة التجارية للشركة و والهيكل المالي يتماشى مع المبادئ الإسلامية. وتحظى هذه المعايير باحترام واسع النطاق في وتوفر إطارًا متسقًا لتقييم مدى توافق الأسهم والأدوات المالية الأخرى مع الشريعة الإسلامية. والأدوات المالية الأخرى. وتضم الهيئة الشرعية لهيئة المحاسبة والمراجعة للمؤسسات المالية الإسلامية علماء مشهورين مثل الشيخ محمد تقي عثماني، والشيخ عبد الستار أبو غدة، والشيخ عبد الله المانع.
How often is MSC Industrial Direct Co., Inc. stock reviewed for Shariah compliance?
The Shariah compliance status of MSC Industrial Direct Co., Inc. stock is reviewed on a regular basis, with a minimum frequency of once per quarter. However, if there are any significant changes or major developments in the company's operations that may impact its compliance, an immediate review will be conducted to ensure ongoing adherence to Shariah principles.
How can I stay updated on MSC Industrial Direct Co., Inc.'s compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within the Zoya app to receive notifications whenever there is a change in the Shariah compliance of MSM, or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate due to changes in a company's financial ratios or business activities.
Are dividends from MSC Industrial Direct Co., Inc. stock considered halal?
Yes, dividends from MSM are considered halal. However, you may need to purify a portion of the dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of impermissible revenue for MSC Industrial Direct Co., Inc. (MSM), check the Zoya app. For more details on the purification process, read our comprehensive guide.
No, dividends from MSM are not considered halal because the stock is currently not Shariah-compliant. When a stock is non-compliant, any dividends received from it are considered impermissible income and should be donated to charity as a form of purification. To learn more about the purification process and how to handle impermissible income, read our comprehensive guide.
Do I need to pay Zakat on my MSC Industrial Direct Co., Inc. shares?
If you hold MSC Industrial Direct Co., Inc. stock as an investment, through an Employee Stock Ownership Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on stocks can be complex and depends on various factors. To help make this easy, we've created a free Zakat calculation tool. For an even easier experience, use the Zoya mobile app, where you can link your brokerage account to automatically import holdings.

How to buy MSC Industrial Direct Co., Inc. (MSM) stock on Zoya

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    انتقل إلى شاشة البحث واكتب اسم السهم في شريط البحث. بعد ذلك، انقر على زر الشراء وأدخل المبلغ الذي ترغب في استثماره، سواء بالدولار أو عدد الأسهم. راجع سعر السهم في الوقت الحقيقي وكمية الأسهم المقدرة قبل تأكيد استثمارك.
  4. قم بإدارة محفظتك في مكان واحد
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