Is Myers Industries, Inc. MYE stock Halal to invest in?

No, as of September 2026, Myers Industries, Inc. stock (MYE) 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. Myers Industries, Inc. 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 Myers Industries, Inc. and discover Shariah compliant alternatives among the Halal stocks in the Tabadulat app.

How often is Myers Industries, Inc. MYE reviewed for Shariah compliance?

Tabadulat reviews Myers Industries, Inc. MYE 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 Monthly screening ensures the status shown for Myers Industries, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Myers Industries, Inc. MYE pass the AAOIFI Non Permissible Income criteria?

Yes, as of September 2026, Myers Industries, Inc. stock (MYE) 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 Myers Industries, Inc. 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 Myers Industries, Inc. MYE pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of September 2026, Myers Industries, Inc. stock (MYE) 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. Myers Industries, Inc. 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 Myers Industries, Inc. MYE pass the AAOIFI Interest Bearing Debt criteria?

No, as of September 2026, Myers Industries, Inc. stock (MYE) 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. Myers Industries, Inc.'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 Myers Industries, Inc. MYE stock?

Myers Industries, Inc. (MYE) 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 Myers Industries, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Myers Industries, Inc. MYE pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Myers Industries, Inc. stock (MYE) 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. Myers Industries, 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.

Invest Halal, Anytime, Anywhere

Download the Tabadulat app and start building your Shariah-compliant portfolio in minutes.

English

العربية

Is Myers Industries (MYE) stock Halal?

NYSE

Shariah-Compliant

Not Shariah

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

Sector:

Consumer Cyclical

Industry:

Packaging & Containers

Employees:

2700

Website:

https://www.myersindustries.com

Market cap:

$1.2B

P/E ratio:

23.3

Dividend yield:

1.75%

52-week range:

$15.54 - $37.45

Data as of:

3 September 2026

Screening history:

September 2026: FAIL

Myers Industries is a diversified manufacturer of polymer products and a distributor of tire repair and retreading materials. Its primary function is to serve a wide array of industries with a focus on delivering high-quality, innovative solutions in both its manufacturing and distribution segments. The company is involved in producing plastic products such as containers, storage bins, pallets, and specialized molded products which are essential in agriculture, food processing, industrial businesses, and consumer markets. Before any of that matters to a Muslim investor, one question comes first: is Myers Industries stock Halal?

Is Myers Industries Shariah compliant?

Industrial businesses like Myers Industries 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 Myers Industries pass the business activity test?

The activity screen is only part of the picture this month: Myers Industries 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 Myers Industries' income Halal?

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

Does Myers Industries 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?

Frequently asked questions

Related stocks

Mobile login screen for Tabadulat with fields to enter email, a Continue button, an option to create an account, and a language selector showing EN.

Step 1

Open your account.

Create your Tabadulat account in minutes: enter your details, complete identity verification, and add funds by secure transfer in multiple currencies. You're ready to start investing in Halal stocks the same day.

Mobile screen showing add money interface with 100 AED amount and Manual Bank Transfer payment method selected, noting 1-2 business days processing.

Step 2

Deposit.

Add funds to your account using a secure payment method. You can deposit in multiple currencies to get started.

Step 3

Screen.

Screen Stocks for Free and explore a wide range of stocks that are ethically screened for Shariah compliance. Use our Halal Stock Screener to find the best opportunities.