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Mistras Group

MG stock is not Shariah-compliant

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About Mistras Group (MG)

Mistras Group provides technology-enabled asset protection solutions worldwide through its services, international, and products and systems segments. The company offers non-destructive testing, predictive maintenance assessments, inline inspection for pipelines, enterprise inspection database management software, plant condition management software, maintenance and light mechanical services, engineering consulting services, scaffolding and rope access services, certified divers for subsea inspection, unmanned aerial, land-based, and subsea inspection systems, online condition-monitoring solutions, quality assurance and quality control solutions, monitoring system design and installation, commissioning, training, reporting, technical support, and annual maintenance services. The company serves various industries, including oil and gas, commercial aerospace and defense, fossil and nuclear power, alternative and renewable energy, industrial, public infrastructure, petrochemical, transportation, process industries, and research and engineering institutions.

Frequently asked questions

Is Mistras Group (MG) stock halal to invest in?
As of , MG is not Shariah-compliant and is therefore not considered a halal investment. This assessment is based on the data available in Mistras Group's most recent financial reports.
Does Mistras Group have any interest income?
No, Mistras Group has not reported any interest income. According to the company's latest annual report for the fiscal year ending Dec 31, 2025, Mistras Group reported total revenue of 724024000, 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 Mistras Group stock is Shariah-compliant?
We use the guidelines set by the Accounting and Auditing Organization for Islamic Financial Institutions (AAOIFI) to assess Shariah compliance. AAOIFI is a leading international organization that establishes standards for Islamic finance. Their guidelines help determine if a company's business activities and financial structure align with Islamic principles. These standards are widely respected in the Islamic finance industry and provide a consistent framework for evaluating the Shariah compliance of stocks and other financial instruments. AAOIFI's Shariah board includes renowned scholars such as Sheikh Muhammad Taqi Usmani, Sheikh Mohamed Ali Elgari, Sheikh Abdullah AlManea, Sheikh Nizam Yaquby, and Dr. Aznan Hassan.
How often is Mistras Group stock reviewed for Shariah compliance?
The Shariah compliance status of Mistras Group 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 Mistras Group'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 MG, 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 Mistras Group stock considered halal?
No, dividends from MG 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 Mistras Group shares?
If you hold Mistras Group 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 investments can be complex and depends on various factors. To help make this easy, we've created a free Zakat calculator for stocks. For a more seamless experience, use the Zoya mobile app, where you can link your brokerage account to automatically import holdings.

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Shariah compliance data powered by the Zoya API. Chart by TradingView
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