MTZ
MasTec, Inc.
Is MTZ Halal?
Infrastructure construction firm — a permissible engineering-and-construction business, with acquisition debt to screen.
What You Should Know
MasTec, Inc. is a leading infrastructure construction company that builds and maintains communications, power-delivery, clean-energy, and pipeline infrastructure across North America. Building and maintaining infrastructure is a clearly permissible activity with no haram revenue line of its own. MasTec grows partly through acquisitions and carries debt to fund them, so its total-debt-to-market-cap ratio is the primary screening item and should be confirmed against the 33% threshold using the latest filings; it has been working down acquisition debt. As a contractor, the receivables ratio (total receivables / total assets) is also worth checking against the relevant threshold. Interest income on cash is incidental and should be checked against the 5% threshold and the corresponding portion of returns purified.
⚠️ Concerns
- •Carries acquisition-related debt — confirm total debt / market cap stays under the 33% threshold against the latest filings
- •Contractor model can leave an elevated receivables ratio — confirm total receivables / total assets against the board's threshold (49–70%) against the latest filings
- •Incidental interest income on cash should be checked against the 5% threshold and the corresponding portion of returns purified
- •Cyclical with infrastructure and capital-spending budgets — re-screen the ratios periodically
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