MERC, operating in its industry, fails key Shariah financial screening criteria due to excessively high debt and liquidity ratios relative to market capitalization, alongside elevated non-compliant income. Despite a generally permissible core business model, the company's financial structure leads to exclusion from all major Shariah-compliant indices. Regional and global assessments consistently rate it as non-compliant, with purification required for any impure income. Investors should monitor for debt restructuring to potentially improve compliance status.