Is Materialise (MTLS) stock Halal?

Materialise is a leading provider of 3D printing technology and additive manufacturing solutions, headquartered in Leuven, Belgium. The company operates through three main business segments: Software, Medical, and Manufacturing. Its software division develops advanced programs that manage and optimize 3D printing processes, enabling seamless integration with diverse 3D printer types. In the medical field, Materialise is recognized for its innovations in personalized medical devices, surgical planning software, and anatomical modeling, helping improve patient outcomes with tailored solutions. For Muslim investors, though, the most pressing question is simpler: is Materialise a Halal investment?

Is Materialise Shariah compliant?

Technology companies rarely fail AAOIFI screening on what they sell. Software, hardware and digital services are permissible business activities, so for a company like Materialise the Shariah question moves to the balance sheet: how much of its market value sits in interest bearing debt, how much of its cash earns Riba in conventional deposits, and whether incidental income from impermissible sources creeps past 5% of revenue. These are exactly the ratios AAOIFI Shariah Standard No. 21 polices, and they move every month with the share price.

Does Materialise pass the business activity test?

Yes. In the September 2026 screening Materialise holds an overall PASS, which a stock only earns when its core business clears the activity screen. The watch item for technology names is incidental: cash returns and platform content can carry impermissible elements, which AAOIFI tolerates only below the thresholds.

Is Materialise's income Halal?

Yes, within AAOIFI's tolerance. Materialise'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 98.4% tells holders of MTLS what share of each dividend to keep and what remainder to donate to charity.

Does Materialise 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 MTLS 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 Why a Halal Stock Screener Matters for Halal Investing