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Shariah compliance overview

Not Halal

Magna International Inc. (MGA) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Magna International Inc.

Based in Aurora, Canada, and established in 1957, Magna International Inc. operates as a leading global partner to the automotive industry.

Magna International Inc. (MGA) operates in the Consumer Cyclical sector, in the Auto - Parts industry.

Why it is not classified as halal: it does not pass these screens: Interest-bearing debt.

Business Activity
0.00%Limit 5%Pass
Interest-bearing debt
33.90%Limit 30%Fail
Interest-bearing securities and assets
11.60%Limit 30%Pass
Dividend purification
0.00%Share of dividends to give to charityPurification calculator

Last updated: Nov 3, 2026 · Screening is informational and not a fatwa. Consult a qualified scholar for personal guidance.

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Frequently asked questions

Quick answers about Magna International Inc. (MGA). Current Akinda screening label: Not Halal.