The short answer is yes.
I have it on my other system, there are some that say that you have to exclude the MABM files/folder in avast and vice versa in MBAM. I haven’t bothered with any of that and no problems. I do however exclude the c:\windows\temp_avast_ (or avast5) folder, where avast unpacks/copies files it is going to scan in the MBAM settings, Ignore List tab.