Is Matrix Service Co. MTRX stock halal to invest in?

No, as of August 2026, Matrix Service Co. stock (MTRX) 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. Matrix Service Co. currently does not meet the threshold for the interest-bearing investments 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 Matrix Service Co. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Matrix Service Co. MTRX reviewed for Shariah compliance?

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 Monthly screening ensures the status shown for Matrix Service Co. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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

Yes, as of August 2026, Matrix Service Co. stock (MTRX) 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. Matrix Service 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 Matrix Service Co. MTRX pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, Matrix Service Co. stock (MTRX) does not pass 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. Matrix Service Co.'s interest-bearing investments currently exceed this 30% limit, meaning too large a share of the company's value derives from riba-based instruments for the stock to qualify as halal on this criterion. The ratio moves with both the balance sheet and the share price, and is reassessed monthly.

Does Matrix Service Co. MTRX pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Matrix Service Co. stock (MTRX) 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. Matrix Service 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 Matrix Service Co. MTRX stock?

Matrix Service Co. (MTRX) 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 Matrix Service Co. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Matrix Service Co. MTRX pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Matrix Service Co. stock (MTRX) 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. Matrix Service 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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English

العربية

Matrix Service Co.

NASDAQ

Shariah-Compliant

Not Shariah

MTRX

About

Matrix Service Co.

MTRX

Matrix Service Company is a provider of engineering, procurement, fabrication, and construction (EPFC) services. It primarily serves the energy and industrial markets across North America. The company's operations are divided into several segments that cater to sectors such as oil and gas, power generation, and storage solutions. Matrix Service's offerings include designing and constructing complex infrastructure projects like aboveground storage tanks, electrical and instrumentation projects, and renewable energy developments. Additionally, Matrix Service Company is involved in the maintenance and repair of industrial facilities, which is vital for the long-term operational efficiency and safety of plants. By leveraging their expertise in critical project execution, they play a crucial role in supporting industries undergoing transformation, particularly those pivoting towards more sustainable energy practices. Headquartered in Tulsa, Oklahoma, Matrix Service Company is recognized for its commitment to safety, quality, and operational excellence. It holds a significant position in the industrial services market, contributing to economic growth by supporting large-scale infrastructure projects necessary for energy production and distribution. The company acts as a key partner for businesses looking to modernize and improve the reliability of their facilities.

Sector:

Industrials

Industry:

Engineering & Construction

Employees:

2064

Website:

https://www.matrixservicecompany.com

MTRX

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Matrix Service Co.

About

Matrix Service Co.

MTRX

Frequently asked questions

Is Matrix Service Co. MTRX stock halal to invest in?

How often is Matrix Service Co. MTRX reviewed for Shariah compliance?

Does Matrix Service Co. MTRX pass the AAOIFI Non Permissible Income criteria?

Does Matrix Service Co. MTRX pass the AAOIFI Interest Bearing Investments criteria?

Does Matrix Service Co. MTRX pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Matrix Service Co. MTRX stock?

Does Matrix Service Co. MTRX pass the AAOIFI Preference Share screen?

Can I buy Matrix Service (MTRX) stock on Tabadulat?

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