Shariah compliance overview
Not HalalMagna 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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Company Profile
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Frequently asked questions
Quick answers about Magna International Inc. (MGA). Current Akinda screening label: Not Halal.
