Is MELI halal?
MercadoLibre, Inc.
Not halal
MercadoLibre, Inc. did not pass AAOIFI screening. The failed check is shown below.
Exchange
NASDAQ
Price
1,834
Day
-1.24%
Market cap
—
Industry
—
Sector
—
Manually identified reason
Automatic screening reads the industry label, not what's inside. This company's filings were checked by hand and a hidden prohibited activity was found:
Credit revenue (Mercado Credito — interest, 20.3% per 10-K >> 5%)
What the company does
MercadoLibre is Latin America's largest online marketplace (Brazil, Mexico, Argentina), with the Mercado Pago payment system, Mercado Crédito (consumer and merchant loans — about 20% of revenue) and logistics. Its money comes from marketplace fees, payments and loan interest.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
Credit revenue (Mercado Credito — interest, 20.3% per 10-K >> 5%)
Interest-bearing debt / market cap
limit 30%
—
No data
Cash & investments / market cap
limit 30%
—
No data
Non-compliant income / total revenue
limit 5%
—
No data
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 6 superinvestors · Average reported price: $1697.39
- Henry EllenbogenDurable Capital Partners$523.9M5.1%
- Chase ColemanTiger Global Management$259.9M1.1%
- Wallace WeitzWeitz Investment Management$15.6M1.1%
- Bill MillerMiller Value Partners$2.9M0.7%
- Polen Capital Management$44.0M0.4%
- Dodge & Cox Funds$3.4M0.0%
Exited this quarter: Lee Ainslie, Michael Burry
All superinvestor portfoliosRelated articles
- Halal investingMentions MELIHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.