Does this verdict count as a fatwa?

No. invest-like.com is not staffed by Islamic scholars and the AAOIFI Standard 21 implementation is a structured filter, not a religious ruling. For MA, use this verdict as a starting point - if you have a specific scholar or madhhab ruling that differs from AAOIFI, follow their guidance.

If MA is borderline, what should I do?

Borderline MA status means the interest-bearing debt ratio is between 30 and 40 percent (the AAOIFI compliant threshold and the non-compliant threshold). Some scholars allow holding borderline stocks with purification of the corresponding share of dividends; others reject borderline stocks entirely. The conservative interpretation is to avoid borderline stocks until the underlying ratio drops below 30 percent. The looser interpretation is to hold with purification. Consult your scholar.

AAOIFI Standard 21 verdict · auto-updated daily

Is MA halal? AAOIFI verdict for Mastercard Incorporated

Mastercard Incorporated

Financial ServicesCredit Servicesn/a

Insufficient data

Under AAOIFI Standard 21 as applied by invest-like.com, Mastercard Incorporated (MA) is currently classified as Insufficient data. The data needed to complete the AAOIFI screen is missing for this stock. The activity screen may have passed, but we cannot verify the debt ratio.

Test-by-test breakdown

How MA performs on each of the AAOIFI Standard 21 tests applied by invest-like.com.

Primary business test

MA's primary business is not in a category AAOIFI Standard 21 excludes (industry: Credit Services).

Pass

Interest-bearing debt ratio

Threshold: < 30% for compliant. 30 - 40% for borderline. ≥ 40% for non-compliant. The current ratio is not available for this stock.

n/a

Non-permissible income

Threshold: income from haram sources must be below 5 percent of total income. In v1 invest-like.com only applies this test when the company discloses revenue at the product-segment level (mostly retailers and conglomerates). For hotels, travel, and entertainment companies with bundled segments, we use ticker-level overrides. No segment-level non-permissible income detected for MA in the latest filing.

Pass

Liquid assets ratio (test 4)

Threshold: (cash + interest-bearing securities + receivables) / market cap must be below 30 percent. This test is documented in AAOIFI Standard 21 but is not automated in v1 - it requires cash + AR + total-assets data we do not yet have consistently across the indexed universe. On the roadmap.

Pending

Why this verdict

Debt ratio: The company's interest-bearing debt or market cap is not currently available; the financial-ratio screen cannot be applied.

Cross-graded quality

Halal-eligible alone is not enough; halal investing layered onto value-investing discipline is the institutional Muslim-investor approach.

Buffett-Fit composite

77/100

Full 5-pillar breakdown

Mastercard est un peage sur les depenses du monde entier avec une marge operationnelle de 59 pour cent, mais on paie une fortune a 28 fois les benefices.

Questions about MA's halal status

Is MA (Mastercard Incorporated) halal?

Under AAOIFI Standard 21 as applied by invest-like.com, Mastercard Incorporated (MA) is currently classified as insufficiently characterised (insufficient data). The verdict is computed mechanically from public fundamentals (industry classification + interest-bearing debt ratio + non-permissible income where data is available) and refreshes quarterly. The reasoning behind the current verdict: the company's interest-bearing debt or market cap is not currently available. Specific scholars or madhhabs may differ; the screen is a starting point, not a fatwa.

What is MA's interest-bearing debt ratio?

MA's trailing interest-bearing debt to market capitalisation ratio is not currently available. AAOIFI Standard 21 requires this to be below 30 percent for full Shariah compliance. Above 30 percent puts the stock in the borderline zone; above 40 percent is non-compliant on the financial-ratio test alone.

How was MA's halal status determined?

invest-like.com runs every indexed stock through a programmatic AAOIFI Standard 21 implementation at each quarterly refresh. The procedure: (1) classify the company's primary business via its FMP industry string and check against the AAOIFI exclusion list, (2) compute the trailing interest-bearing debt ratio against market cap, (3) where segment data is available, compute the non-permissible income ratio. The verdict for MA reflects this mechanical run; full methodology is published at /methodology/halal/.

All halal stocks

/halal/

The full AAOIFI-compliant universe with methodology + top picks.

Full methodology

/methodology/halal/

How every test, threshold, and ticker override is computed.

Full MA analysis

/buffett/ma/

5-pillar Buffett-Fit verdict + 7-framework consensus + fundamentals.

The invest-like.com halal screen is a mechanical implementation of AAOIFI Standard 21 against current public fundamentals. It is a structured filter, not a fatwa. If your local scholar or madhhab has different guidance, follow that guidance - the screen is a starting point, not a final ruling. Educational only. Not investment advice.