Is MYR Group Inc. (MYRG) halal? Halal. Based on AAOIFI screening, MYR Group Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 97/100 (Grade: A+).

MYR Group Inc.

MYRG: Is MYR Group Inc. Halal?

Halal

MYR Group Inc.

NASDAQIndustrialsUS

$446.77

-0.70%

About MYR Group Inc.

Operating across the United States and Canada, MYR Group Inc. is a leading provider of electrical construction services, delivered through its two core divisions: Transmission and Distribution, and Commercial and Industrial. Its Transmission and Distribution division specializes in comprehensive services for electrical transmission and distribution grids, as well as substation infrastructure. These offerings span design, engineering, procurement, construction, enhancements, upkeep, and repairs, primarily targeting clients within the electric utility sector. Key activities include building and maintaining high-voltage transmission lines, substations, and both underground and overhead lower-voltage distribution systems. The segment also handles renewable power installations, some gas construction projects, and critical emergency restoration following natural disasters like hurricanes or ice storms. As a prime contractor, MYR serves a diverse client base, including investor-owned utilities, cooperatives, private developers, government-funded entities, independent power producers, transmission companies, industrial facility owners, and other contractors. The Commercial and Industrial division delivers a variety of services, encompassing the design, installation, maintenance, and repair of electrical wiring for commercial and industrial settings. This also extends to installing traffic control networks and lighting systems for bridges, roadways, and tunnels. Their expertise is applied across a wide array of venues, such as airports, hospitals, data centers, hotels, stadiums, convention centers, renewable energy sites, manufacturing and processing plants, wastewater treatment facilities, mining operations, and transportation management systems. Clients for this segment include general contractors, commercial and industrial property owners, government agencies, and developers. Established in 1891, MYR Group Inc. maintains its corporate headquarters in Henderson, Colorado.

Sector: Industrials 路 Industry: Engineering & Construction

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026
A+

Excellent

Exceptionally strong compliance

97Score

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 Cap0.8% / 30.0%

Compliance History

Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 17, 2026Fiscal: Q1 2026Source: FMP

Purify Your MYRG Dividends

0.0% non-compliant income

MYRG has 0.0% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

7.0B

Price

$446.77

Sector

Industrials

Industry

Engineering & Construction

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Frequently Asked Questions

Is MYR Group Inc. (MYRG) halal to invest in?
Based on AAOIFI Standard 21 screening, MYR Group Inc. (MYRG) 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 MYR Group Inc. get a A+ compliance rating?
MYR Group Inc. (MYRG) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.8% (limit 30%); interest-bearing deposits of 2.2% (limit 30%); prohibited income of 0.02% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change MYR Group Inc.'s Shariah verdict?
MYR Group 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 MYR Group Inc. re-screened for Shariah compliance?
MYR Group Inc. (MYRG) 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 17, 2026.

Screened according to AAOIFI Standard No. 21 路 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.