Is MXC halal?
Mexco Energy Corporation
Halal
Mexco Energy Corporation passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
AMEX
Price
9.89
Day
+1.96%
Market cap
$19.9M
Industry
Oil & Gas E&P
Sector
Energy
What the company does
Mexco Energy holds small interests (royalty and working interests) in oil and gas wells in Texas and other states; it does not drill itself. Its money comes from its share of oil and gas 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 $0 ÷ 36-month average market cap $20.21M = 0.0%
0.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.29M ÷ 36-month average market cap $20.21M = 6.4%
6.4%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $89K ÷ annual revenue $6.56M (2026) = 1.4%
1.4%
Pass
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: $19.93M.
For information (AAOIFI 3/1 note): cash + receivables are 11.6% 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
- 0.00% · #1366 of 1454
- Held by funds
- Not held by any tracked fund
- Dividend
- 1.04% · purify 1.4% · net 1.03%
Halal stocks in the same industry
The largest halal stocks in Oil & Gas E&P — for comparison.
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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.