Is Miller Industries, Inc. (Tennessee) MLR stock Halal to invest in?

Yes, as of September 2026, Miller Industries, Inc. (Tennessee) stock (MLR) is classified as a Shariah compliant stock. Tabadulat applies AAOIFI Shariah Standard No. 21, issued by the Accounting and Auditing Organization for Islamic Financial Institutions, screening non-permissible income first and then the two interest-based ratios and the capital structure. On the latest data, Miller Industries, Inc. (Tennessee) passes on every count: non-permissible income under 5% of revenue, interest-bearing debt and investments each under 30% of market capitalisation, and no preference share issue. The stock's current purification factor is 99.58%. 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 Miller Industries, Inc. (Tennessee) and explore other Shariah compliant stocks in the Tabadulat app.

How often is Miller Industries, Inc. (Tennessee) MLR reviewed for Shariah compliance?

Tabadulat reviews Miller Industries, Inc. (Tennessee) MLR 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ensures the status shown for Miller Industries, Inc. (Tennessee) reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Miller Industries, Inc. (Tennessee) MLR pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of September 2026, Miller Industries, Inc. (Tennessee) stock (MLR) passes the AAOIFI interest-bearing investments screen. Each month Tabadulat compares Miller Industries, Inc. (Tennessee)'s holdings in interest-earning instruments, such as conventional deposits, bonds and treasury bills, against AAOIFI's 30% market capitalisation cap. The current screening shows the company inside the limit. 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 Miller Industries, Inc. (Tennessee) MLR pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of September 2026, Miller Industries, Inc. (Tennessee) stock (MLR) passes the AAOIFI interest-bearing debt screen. AAOIFI tolerates some conventional borrowing but draws the line at 30% of market capitalisation. On the latest data, Miller Industries, Inc. (Tennessee)'s interest-bearing debt stays below the line. 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 Miller Industries, Inc. (Tennessee) MLR stock?

The dividend purification factor for Miller Industries, Inc. (Tennessee) (MLR) stands at 99.58% in the September 2026 screening. In plain terms, 99.58% of a MLR dividend is retained, and the remainder reflects incidental non-permissible income, typically interest on corporate cash, which Halal investors donate to charity (Tazkiyah). AAOIFI methodology asks for purification even on fully compliant stocks. The factor 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 Miller Industries, Inc. (Tennessee) MLR pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Miller Industries, Inc. (Tennessee) stock (MLR) 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. Miller Industries, Inc. (Tennessee) 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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Is Miller Industries, Inc. (Tennessee) (MLR) stock Halal?

NYSE

Shariah-Compliant

Not Shariah

September 2026 AAOIFI screening result for Miller Industries, Inc. (Tennessee) (MLR): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Dividend purification factor: 99.58%. Re-screened monthly against AAOIFI Shariah Standard No. 21.

Sector:

Consumer Cyclical

Industry:

Auto Parts

Employees:

1690

Website:

https://www.millerind.com

Market cap:

$627M

P/E ratio:

44.0

Dividend yield:

1.52%

52-week range:

$35.72 - $59.70

Data as of:

3 September 2026

Screening history:

September 2026: PASS

Miller Industries (Tennessee) is a leading company in the manufacturing sector, specializing in the production of towing and recovery equipment. Their primary focus is on designing, engineering, and building a vast range of tow trucks and hauling systems which cater to various vehicle types, including light, medium, and heavy-duty applications. These products are crucial for roadside assistance, vehicle recovery, and heavy equipment hauling services worldwide. Before any of that matters to a Muslim investor, one question comes first: is Miller Industries, Inc. (Tennessee) stock Halal?

Is Miller Industries, Inc. (Tennessee) Shariah compliant?

Industrial businesses like Miller Industries, Inc. (Tennessee) usually pass the activity screen without drama. The harder test is financial: heavy assets mean heavy financing, and AAOIFI Shariah Standard No. 21 tolerates interest bearing debt and investments only below 30% of market capitalisation, ratios that shift with every move in the share price.

Does Miller Industries, Inc. (Tennessee) pass the business activity test?

Yes. In the September 2026 screening Miller Industries, Inc. (Tennessee) holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.

Is Miller Industries, Inc. (Tennessee)'s income Halal?

Yes, within AAOIFI's tolerance. Miller Industries, Inc. (Tennessee)'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 99.58% tells holders of MLR what share of each dividend to keep and what remainder to donate to charity.

Does Miller Industries, Inc. (Tennessee) 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 MLR 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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