Is Mustera Property Group Ltd. MPX stock Halal to invest in?

No, as of September 2026, Mustera Property Group Ltd. stock (MPX) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening Halal stocks. To qualify as Halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Mustera Property Group Ltd. currently does not meet the threshold for the interest-bearing debt screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Mustera Property Group Ltd. and discover Shariah compliant alternatives among the Halal stocks in the Tabadulat app.

How often is Mustera Property Group Ltd. MPX reviewed for Shariah compliance?

Tabadulat reviews Mustera Property Group Ltd. MPX 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 Mustera Property Group Ltd. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Mustera Property Group Ltd. MPX pass the AAOIFI Non Permissible Income criteria?

Yes, as of September 2026, Mustera Property Group Ltd. stock (MPX) passes the AAOIFI non-permissible income screen. In practice this screen asks a simple question: how much of the company's revenue comes from sources Islam prohibits, such as Riba, conventional financial services, alcohol, gambling or tobacco? AAOIFI allows at most 5%, and Mustera Property Group Ltd. stays below that line this month. 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 Mustera Property Group Ltd. MPX pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of September 2026, Mustera Property Group Ltd. stock (MPX) passes the AAOIFI interest-bearing investments screen. This screen looks at where the company parks its cash: conventional deposits, bonds, treasury bills and money-market funds all earn Riba, so AAOIFI caps them at 30% of market capitalisation. Mustera Property Group Ltd. stays inside that cap in the latest screening. 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 Mustera Property Group Ltd. MPX pass the AAOIFI Interest Bearing Debt criteria?

No, as of September 2026, Mustera Property Group Ltd. stock (MPX) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar Riba-based financing) must remain below 30% of its market capitalisation. Mustera Property Group Ltd.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on Riba-based financing beyond the level AAOIFI permits for a Halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Mustera Property Group Ltd. MPX stock?

Mustera Property Group Ltd. (MPX) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (Tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a Halal investment. If Mustera Property Group Ltd. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Mustera Property Group Ltd. MPX pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Mustera Property Group Ltd. stock (MPX) 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. Mustera Property Group Ltd. 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 Mustera Property (MPX) stock Halal?

NYSE

Shariah-Compliant

Not Shariah

Mustera Property Group Ltd. (MPX) is not Shariah compliant in the September 2026 AAOIFI screening: it fails the interest-bearing debt screen. Tabadulat re-screens MPX monthly, and a stock can return to compliance when new financial reports change its ratios.

Sector:

Consumer Cyclical

Industry:

Recreational Vehicles

Employees:

617

Website:

https://www.marineproductscorp.com

Market cap:

$280M

P/E ratio:

28.3

Dividend yield:

2.18%

52-week range:

$3.28 - $6.80

Data as of:

3 September 2026

Screening history:

September 2026: FAIL

Mustera Property is a prominent player in the leisure product industry, specializing in the design, production, and distribution of high-quality recreational fiberglass boats. The company's primary function is to cater to the boating and marine lifestyle market by offering a diverse range of vessels suited for various activities, including fishing, water sports, and cruising. Marine Products Corporation is known for its innovative approach to manufacturing, utilizing advanced technology and materials to deliver superior performance and durability. Before any of that matters to a Muslim investor, one question comes first: is Mustera Property stock Halal?

Is Mustera Property Shariah compliant?

Industrial businesses like Mustera Property 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 Mustera Property pass the business activity test?

The activity screen is only part of the picture this month: Mustera Property currently fails the interest-bearing debt screen, so the overall verdict is not compliant regardless of the business itself. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.

Is Mustera Property's income Halal?

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

Does Mustera Property meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing debt currently exceeds the 30% cap, 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.

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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