Is MOS (The Mosaic Company) Halal or Haram?

Based on our AAOIFI-standard shariah screening, MOS is classified as Doubtful. It passed 3 of 4 compliance screens. Some scholars may permit investing with income purification, while others advise avoiding it. We recommend consulting a qualified Islamic scholar before investing in MOS.

The Mosaic Company is a global leader in the agricultural inputs sector, specializing in the production and marketing of concentrated phosphate and potash crop nutrients. Operating through its Phosphates, Potash, and Mosaic Fertilizantes segments, the company manages active mines and produces vital agricultural products under brand names like Biofos, Nexfos, and K-Mag. For Muslim investors, MOS currently holds a Doubtful shariah compliance status based on AAOIFI standards. While the core business of agricultural fertilizers is entirely halal and passes the business activity screen, the stock unfortunately fails the critical debt screening, meaning it cannot currently be recommended for a strict Islamic portfolio. The primary concern from an Islamic finance perspective is the company's heavy reliance on debt financing, with its debt-to-market capitalization ratio reaching a prohibitive 72.2%, far exceeding the 33% limit. On a positive note, its interest income remains negligible at just 0.32% of total revenue, and its cash-to-market capitalization is well within permissible limits at 3.8%. Muslim investors interested in the agricultural sector should monitor MOS's balance sheet over the coming quarters. If the company manages to aggressively pay down its debt or if its market capitalization increases enough to bring the debt ratio below the 33% threshold, it could eventually become a compliant option. The Mosaic Company operates in the Basic Materials sector under the Agricultural Inputs industry and is headquartered in Tampa, FL, US. The company is led by CEO Bruce Bodine Jr. and employs approximately 13,765 people.

MOS was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. MOS passed 3 of these 4 screens.

MOS was last screened on 2026-04-29. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.