MG — Magna International Inc.

Permissible business (auto parts manufacturing, not vehicle financing).

Why?

Magna's core auto parts manufacturing business is permissible and, unlike vehicle manufacturers, it does not operate a large captive consumer financing arm. It has historically screened as compliant under major indices, though this should be verified against current filings.

How this was screened

Primary basis: Financial-ratio screen.

References

• Screened against commonly applied Islamic finance criteria (business-activity exclusions plus AAOIFI-influenced financial ratio thresholds); exact methodology varies by provider (e.g. AAOIFI, S&P/Dow Jones Islamic Market, MSCI Islamic).

As of: 2026-09-06

This is informational guidance only, not investment advice or a certified Sharia determination. Financial ratios shift every quarter — always verify current figures with a dedicated Islamic screening service or qualified financial and religious advisor before making investment decisions.