Is Major Drilling Group International, Inc. MDI stock Halal to invest in?

Yes, as of September 2026, Major Drilling Group International, Inc. stock (MDI) is classified as a Shariah compliant stock. The verdict comes from AAOIFI Shariah Standard No. 21, the benchmark most Islamic scholars and institutions use to screen Halal stocks. Major Drilling Group International, Inc. clears each of the four screens this month: its non-permissible income stays inside the 5% ceiling, both interest-bearing debt and interest-bearing investments stay inside the 30% caps, and there are no impermissible preference shares. The stock's current purification factor is 100%. Compliance is reassessed every month as updated screening data arrives, and a stock's status can change when new financial reports are released. You can always check the current status of Major Drilling Group International, Inc. and explore other Shariah compliant stocks in the Tabadulat app.

How often is Major Drilling Group International, Inc. MDI reviewed for Shariah compliance?

Tabadulat reviews Major Drilling Group International, Inc. MDI for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Major Drilling Group International, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Major Drilling Group International, Inc. MDI pass the AAOIFI Non Permissible Income criteria?

Yes, as of September 2026, Major Drilling Group International, Inc. stock (MDI) passes the AAOIFI non-permissible income screen. Each month Tabadulat measures Major Drilling Group International, Inc.'s income from impermissible sources, covering Riba, conventional financial services, alcohol, gambling and tobacco, against AAOIFI's 5% revenue ceiling. The latest screening puts the company inside the limit. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Major Drilling Group International, Inc. MDI pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of September 2026, Major Drilling Group International, Inc. stock (MDI) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from Riba (interest). Major Drilling Group International, Inc.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Major Drilling Group International, Inc. MDI pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of September 2026, Major Drilling Group International, Inc. stock (MDI) passes the AAOIFI interest-bearing debt screen. The debt screen caps Riba-based borrowing, meaning conventional bank loans, bonds and similar financing, at 30% of market capitalisation, limiting a shareholder's exposure to interest-based leverage. Major Drilling Group International, Inc. is inside that limit in the latest screening. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Major Drilling Group International, Inc. MDI stock?

As of September 2026, the dividend purification factor for Major Drilling Group International, Inc. (MDI) is 100%. Purification (Tazkiyah) is the practice of donating to charity the portion of dividend income attributable to incidental non-permissible sources, typically interest earned on a company's cash, and AAOIFI methodology requires it even for fully compliant stocks. The purification factor is the figure Halal investors use to work out that donation on Major Drilling Group International, Inc. dividends. It is recalculated with each monthly screening as new financial data arrives, and the Tabadulat app can help you calculate and track purification across your whole portfolio.

Does Major Drilling Group International, Inc. MDI pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Major Drilling Group International, Inc. stock (MDI) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Major Drilling Group International, Inc. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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العربية

Is Major Drilling Group International (MDI) stock Halal?

TSX

Shariah-Compliant

Not Shariah

Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. Major Drilling Group International, Inc. (MDI) passes all four screens as of September 2026, with a dividend purification factor of 100%.

Sector:

Basic Materials

Industry:

Other Industrial Metals & Mining

Employees:

Website:

https://www.majordrilling.com

Market cap:

P/E ratio:

Dividend yield:

52-week range:

Data as of:

Screening history:

September 2026: PASS

Major Drilling Group International is a prominent entity within the drilling services sector, specifically focused on providing specialized drilling services to the mining and mineral exploration industries. This company is recognized for its comprehensive suite of services which include surface and underground drilling, directional drilling techniques, and technical innovation in next-generation drilling technology. Major Drilling operates globally, catering to diverse geological environments and supporting mining corporations in exploring and discovering mineral resources. For Muslim investors, though, the most pressing question is simpler: is Major Drilling Group International a Halal investment?

Is Major Drilling Group International Shariah compliant?

Extracting and selling oil, gas or materials is a permissible business, so companies like Major Drilling Group International rarely stumble on the activity screen. The pressure point is capital structure: energy is a capital hungry industry that borrows heavily, and AAOIFI Shariah Standard No. 21 caps interest bearing debt at 30% of market capitalisation, a line that moves as commodity cycles move the share price.

Does Major Drilling Group International pass the business activity test?

Yes. In the September 2026 screening Major Drilling Group International holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.

Is Major Drilling Group International's income Halal?

Yes, within AAOIFI's tolerance. Major Drilling Group International's income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 100% tells holders of MDI what share of each dividend to keep and what remainder to donate to charity.

Does Major Drilling Group International meet AAOIFI's debt and investment ratio requirements?

Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has MDI re-screened every month, and the result above always shows the latest verdict.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?

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