Is MP halal?
MP Materials Corp.
Halal
MP Materials Corp. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NYSE
Price
40.17
Day
-3.46%
Market cap
$7.24B
Industry
Other Industrial Metals & Mining
Sector
Basic Materials
What the company does
MP Materials runs the only US rare-earth mine (Mountain Pass, California) and a magnet plant (Texas), with major deals with the Pentagon and Apple. Its money comes from rare-earth oxide and magnet sales.
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
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $934.58M ÷ 36-month average market cap $5.68B = 16.5%
16.5%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.45B ÷ 36-month average market cap $5.68B = 25.6%
25.6%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $7.24B.
For information (AAOIFI 3/1 note): cash + receivables are 41.6% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Among halal stocks
- 0.01% · #488 of 1454
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Other Industrial Metals & Mining — for comparison.
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- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
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.