Is Major Drilling Group International, Inc. MDI stock halal to invest in?

Yes, as of August 2026, Major Drilling Group International, Inc. stock (MDI) is 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. Major Drilling Group International, Inc. currently passes all four AAOIFI financial screens: non-permissible income remains below 5% of total revenue, interest-bearing investments and interest-bearing debt each remain below 30% of market capitalisation, and the company has no impermissible preference share structure. The stock's current purification factor is 100%. 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 Major Drilling Group International, Inc. and explore other Shariah compliant stocks in the Tabadulat app.

How often is Major Drilling Group International, Inc. MDI reviewed for Shariah compliance?

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ensures the status shown for Major Drilling Group International, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

Yes, as of August 2026, Major Drilling Group International, Inc. stock (MDI) passes the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Major Drilling Group International, Inc.'s income from non-permissible sources is currently within this 5% threshold. 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 Major Drilling Group International, Inc. MDI pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Major Drilling Group International, Inc. stock (MDI) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). Major Drilling Group International, Inc.'s interest-bearing investments are currently within the 30% threshold. 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 Major Drilling Group International, Inc. MDI pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Major Drilling Group International, Inc. stock (MDI) passes 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. This cap limits shareholders' exposure to interest-based leverage. Major Drilling Group International, Inc.'s interest-bearing debt is currently within the 30% threshold. 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 Major Drilling Group International, Inc. MDI stock?

As of August 2026, the dividend purification factor for Major Drilling Group International, Inc. (MDI) is 100%. Purification (tazkiyah) is the practice of donating to charity the portion of dividend income attributable to incidental non-permissible sources, typically interest earned on a company's cash, and AAOIFI methodology requires it even for fully compliant stocks. The purification factor is the figure halal investors use to work out that donation on Major Drilling Group International, Inc. dividends. It 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 Major Drilling Group International, Inc. MDI pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Major Drilling Group International, Inc. stock (MDI) 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. Major Drilling Group International, 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.

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Major Drilling Group International, Inc.

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MDI

About

Major Drilling Group International, Inc.

MDI

Major Drilling Group International Inc. is a prominent entity within the drilling services sector, specifically focused on providing specialized drilling services to the mining and mineral exploration industries. This company is recognized for its comprehensive suite of services which include surface and underground drilling, directional drilling techniques, and technical innovation in next-generation drilling technology. Major Drilling operates globally, catering to diverse geological environments and supporting mining corporations in exploring and discovering mineral resources. Its expertise plays a crucial role in facilitating the extraction of valuable commodities such as gold, silver, copper, and other essential minerals, which are integral to various industries worldwide. Headquartered in Moncton, New Brunswick, Canada, Major Drilling is a key service provider in the resource sector, contributing significantly to the efficient and responsible development of mineral projects. Its operations support not only resource development but also economic growth in regions with rich mineral deposits. The company's strategic focus on safety, innovation, and sustainability positions it as a vital partner in the global mining industry.

Sector:

Basic Materials

Industry:

Other Industrial Metals & Mining

Employees:

Website:

https://www.majordrilling.com

MDI

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Major Drilling Group International, Inc.

About

Major Drilling Group International, Inc.

MDI

Frequently asked questions

Is Major Drilling Group International, Inc. MDI stock halal to invest in?

How often is Major Drilling Group International, Inc. MDI reviewed for Shariah compliance?

Does Major Drilling Group International, Inc. MDI pass the AAOIFI Non Permissible Income criteria?

Does Major Drilling Group International, Inc. MDI pass the AAOIFI Interest Bearing Investments criteria?

Does Major Drilling Group International, Inc. MDI pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Major Drilling Group International, Inc. MDI stock?

Does Major Drilling Group International, Inc. MDI pass the AAOIFI Preference Share screen?

How do I buy Major Drilling Group International (MDI) stock?

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