Is Major Drilling Group International Inc halal to invest in?

As of July 2026, Major Drilling Group International Inc MDI.TO is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is Major Drilling Group International Inc a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Major Drilling Group International Inc using these criteria to determine its compliance status.

Can Muslims buy shares of Major Drilling Group International Inc?

Muslim investors may consider investing in Major Drilling Group International Inc if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Major Drilling Group International Inc classified as HALAL?

Musaffa determines the Shariah status of Major Drilling Group International Inc by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Major Drilling Group International Inc updated?

The Shariah compliance status of Major Drilling Group International Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Major Drilling Group International Inc become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Major Drilling Group International Inc?

You can check the latest Shariah compliance status of Major Drilling Group International Inc on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Major Drilling Group International Inc MDI.TO

Last Updated: Jul 21, 12:00 AM·TSX

MDI.TO Shariah Compliance

Screening Methodology: AAOIFI

As of July 2026, Major Drilling Group International Inc is classified as halal.

HALAL

Report Source: 2026 Annual Report

Major Drilling Group International Inc. Stock Analysis MDI.TO

Canada Materials Small Cap Report: 2026 Annual

Major Drilling Group International, Inc. engages in the provision of water and mineral exploration drilling services. The company is headquartered in Moncton, New Brunswick. The Company’s drilling services include reverse circulation, surface and underground coring, directional, sonic, geotechnical, environmental, water-well, coal-bed methane, shallow gas, underground percussive/longhole, and surface drill and blast, along with the ongoing development and evolution of its suite of data and technology-driven innovation services. Its mineral drilling services are classified into specialized drilling, conventional drilling, and underground drilling. The firm has two categories of customers: junior exploration companies and a diversified portfolio of senior/intermediate companies, for which the Company provides greenfield exploration drilling and/or drilling at operating mines. The company maintains field operations and offices in North America, South America, Asia, Africa and Europe.

Key Statistics of Major Drilling Group International Inc (MDI.TO)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

CAD14.22CAD14.54

Today's Open

CAD14.27

Volume

107.92K

P/E Ratio (TTM)

54.69

52 Week Range

CAD8.57CAD18.70

Market Cap

1.19B

Avg. Volume

256.69K

Dividend Yield

Financial Metrics & Statements of Major Drilling Group International Inc (MDI.TO)

Super Investors Invested in Major Drilling Group International Inc (MDI.TO)

FAQ's for Major Drilling Group International Inc (MDI.TO)

As of July 2026, Major Drilling Group International Inc MDI.TO is classified as halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Major Drilling Group International Inc using these criteria to determine its compliance status.
Muslim investors may consider investing in Major Drilling Group International Inc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Major Drilling Group International Inc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Major Drilling Group International Inc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Major Drilling Group International Inc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.