Is Miller Industries, Inc. (MLR) halal? Halal. Based on AAOIFI screening, Miller Industries, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 92/100 (Grade: A+).

Miller Industries, Inc.

MLR: Is Miller Industries, Inc. Halal?

Halal

Miller Industries, Inc.

NYSEConsumer CyclicalUS

$47.80

-2.13%

Purify ~0.1% of income

About Miller Industries, Inc.

Miller Industries, Inc., alongside its affiliated companies, is a leading producer and vendor of specialized equipment for vehicle towing and recovery. Their diverse product lineup features heavy-duty wreckers, essential for the salvage and transport of disabled vehicles and machinery. They also manufacture advanced car carriers – flatbed trucks equipped with hydraulic tilt capabilities – designed for the efficient movement of both new and non-operational automobiles and other equipment. Additionally, the company supplies various transport trailers, which are utilized for relocating vehicles to auto auctions, car dealerships, leasing agencies, and similar applications. These products are distributed under well-known brands such as Century, Challenger, Holmes, Champion, Eagle, Titan, Jige, Boniface, Vulcan, and Chevron. Miller Industries' distribution network is extensive, operating through independent dealers across the United States, Canada, Mexico, Europe, the Pacific Rim, the Middle East, South America, and Africa. They also supply governmental entities through primary contractors. The corporation was founded in 1990 and maintains its principal operational base in Ooltewah, Tennessee.

Sector: Consumer Cyclical · Industry: Auto - Parts

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026
A+

Excellent

Exceptionally strong compliance

92Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap5.5% / 30.0%

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 18, 2026Fiscal: Q1 2026Source: EDGAR

Purify Your MLR Dividends

0.1% non-compliant income

MLR has 0.1% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

544.7M

Price

$47.80

Sector

Consumer Cyclical

Industry

Auto - Parts

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Frequently Asked Questions

Is Miller Industries, Inc. (MLR) halal to invest in?
Based on AAOIFI Standard 21 screening, Miller Industries, Inc. (MLR) is rated Halal with a compliance grade of A+ (Excellent). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Miller Industries, Inc. get a A+ compliance rating?
Miller Industries, Inc. (MLR) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 5.5% (limit 30%); interest-bearing deposits of 4.3% (limit 30%); prohibited income of 0.06% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Miller Industries, Inc.'s Shariah verdict?
Miller Industries, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Miller Industries, Inc. re-screened for Shariah compliance?
Miller Industries, Inc. (MLR) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 18, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.