Is Mannatech (MTEX) stock Halal?

Mannatech is a global health and wellness company that develops, markets, and distributes nutritional supplements, topical and skin care products, as well as weight-management solutions. The firm's core objective is to improve health and wellness through scientifically validated ingredients and formulas. Central to Mannatech's offerings are glyconutrient products, designed to support cellular communication within the body. For Muslim investors, though, the most pressing question is simpler: is Mannatech a Halal investment?

Is Mannatech Shariah compliant?

No. In the October 2026 screening Mannatech (MTEX) does not pass AAOIFI screening: it fails the interest-bearing investments screen. Food, household goods and everyday retail are permissible activities, with one watch item: incidental revenue from alcohol, tobacco or conventional financial services must stay below the 5% ceiling of AAOIFI Shariah Standard No. 21. For Mannatech, that is usually the screen worth reading first.

Does Mannatech pass the business activity test?

The activity screen is only part of the picture this month: Mannatech currently fails the interest-bearing investments screen, so the overall verdict is not compliant regardless of the business itself. The watch item is the product mix: any alcohol, tobacco or similar lines count against the 5% ceiling.

Is Mannatech's income Halal?

Yes, within AAOIFI's tolerance. Mannatech's income from non-permissible sources stays below 5% of revenue in the October 2026 screening.

Does Mannatech meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing investments currently exceed the 30% cap, measured against a market capitalisation of $13.9M (market data as of 1 October 2026), while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.

Why do other halal screeners show a different verdict for Mannatech?

Screeners can disagree without either being wrong. AAOIFI Shariah Standard No. 21, which Tabadulat applies, measures interest bearing debt and investments against market capitalisation with a 30% ceiling. MSCI and FTSE measure them against total assets with a 33% ceiling, and S&P and Dow Jones Islamic use a multi year average of market capitalisation. Data dates differ too, because each provider reads filings and prices on its own schedule. The same company can therefore pass one standard and fail another in the same month. Tabadulat publishes one answer, the AAOIFI result as of October 2026, and re-screens it every month.

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 screening method? Read What is Halal Investing? A Guide to Halal Stocks and Islamic Finance