Is Modine Manufacturing Co. MOD stock halal to invest in?

Yes, as of August 2026, Modine Manufacturing Co. stock (MOD) 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. Modine Manufacturing Co. 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 99.94%. 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 Modine Manufacturing Co. and explore other Shariah compliant stocks in the Tabadulat app.

How often is Modine Manufacturing Co. MOD reviewed for Shariah compliance?

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Monthly screening ensures the status shown for Modine Manufacturing Co. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

Yes, as of August 2026, Modine Manufacturing Co. stock (MOD) 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. Modine Manufacturing Co.'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 Modine Manufacturing Co. MOD pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Modine Manufacturing Co. stock (MOD) 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). Modine Manufacturing Co.'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 Modine Manufacturing Co. MOD pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Modine Manufacturing Co. stock (MOD) 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. Modine Manufacturing Co.'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 Modine Manufacturing Co. MOD stock?

As of August 2026, the dividend purification factor for Modine Manufacturing Co. (MOD) is 99.94%. 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 Modine Manufacturing Co. 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 Modine Manufacturing Co. MOD pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Modine Manufacturing Co. stock (MOD) 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. Modine Manufacturing Co. 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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Modine Manufacturing Co.

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MOD

About

Modine Manufacturing Co.

MOD

Modine Manufacturing Company is a global industrial manufacturer specializing in engineered thermal management products and solutions. The company focuses on designing, engineering, testing, and producing mission-critical heat transfer and cooling systems that manage temperature in demanding environments across multiple industries. Through its Climate Solutions and Performance Technologies segments, Modine Manufacturing Company serves applications such as commercial and industrial HVAC, refrigeration, data centers, power generation, and transportation. Its portfolio includes unit heaters, air handlers, chillers, condensers, evaporator coils, industrial heat exchangers, and advanced cooling systems for vehicles and electrified powertrains. In data centers and high-density computing, the company provides precision air conditioning, liquid cooling, and related infrastructure solutions. Founded in 1916 and headquartered in Racine, Wisconsin, Modine Manufacturing Company plays an important role in improving energy efficiency, reliability, and thermal performance for customers worldwide, positioning itself as a key supplier within the broader industrial, infrastructure, and technology ecosystems.

Sector:

Consumer Cyclical

Industry:

Auto Parts

Employees:

11000

Website:

https://www.modine.com

MOD

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Modine Manufacturing Co.

About

Modine Manufacturing Co.

MOD

Frequently asked questions

Is Modine Manufacturing Co. MOD stock halal to invest in?

How often is Modine Manufacturing Co. MOD reviewed for Shariah compliance?

Does Modine Manufacturing Co. MOD pass the AAOIFI Non Permissible Income criteria?

Does Modine Manufacturing Co. MOD pass the AAOIFI Interest Bearing Investments criteria?

Does Modine Manufacturing Co. MOD pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Modine Manufacturing Co. MOD stock?

Does Modine Manufacturing Co. MOD pass the AAOIFI Preference Share screen?

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