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Shariah compliance overview

Not Halal

Mesabi Trust (MSB) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Mesabi Trust

Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. The company was incorporated in 1961 and is based in New York, New York.

Mesabi Trust (MSB) operates in the Basic Materials sector, in the Steel industry.

Why it is not classified as halal: it does not pass these screens: Business Activity.

Business Activity
5.16%Limit 5%Fail
Interest-bearing debt
0.00%Limit 30%Pass
Interest-bearing securities and assets
7.17%Limit 30%Pass
Dividend purification
5.16%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 Mesabi Trust (MSB). Current Akinda screening label: Not Halal.