Which Basic materials stocks are halal?

According to our AAOIFI-based screening, 120 of 291 listed Basic materials companies are halal. The largest by market cap: Linde plc (LIN), BHP Group Limited (BHP), Southern Copper Corporation (SCCO), Rio Tinto Plc (RIO), Newmont Corporation (NEM). The full list and each company's ratios are on the stock pages.

Is this a fatwa or investment advice?

No. This is the result of automated screening based on public data. It is neither a fatwa nor an investment recommendation. Consult a scholar or adviser you trust before making decisions.

How often are the results updated?

Screening runs every day: when a new quarterly report comes out, the ratios are recalculated and the status may change. Each stock page shows the date it was checked.

Halal screening by sector

Halal Basic materials stocks

US Basic materials stocks screened against the AAOIFI standard: business activity, interest-bearing debt, cash and interest income. Below are the largest halal ones by market cap.

Halal

120

Not halal

129

Doubtful

Not enough data

41% of the sector is halal · 291 listed companies in total

Why companies in this sector pass or fail

Chemicals, metals, mining and construction materials. The business is usually permissible; failures come mostly from debt (plants and mines are capital-intensive). In small miners the cash ratio is also a reason. Many gold and metal miners pass with low debt.

This is a general observation, not a fatwa. Every company is screened individually — the result is on its own page, with the ratios. Methodology

Not halal — by reason

129 companies are currently not halal. One company can fail for several reasons; the interest-income test only applies once the debt and cash ratios pass.

Interest-bearing debt ≥ 30% (of market cap)91 · 71%
Cash & investments ≥ 30%51 · 40%
Interest (non-compliant) income ≥ 5%9 · 7%
Other (collapsed market cap, no revenue, etc.)1 · 1%

Largest halal stocks — Basic materials

The 30 largest by market cap. Open any row for the full stock page — ratios, formula and date.

#	Company	Industry	Market cap	Price	Debt	Cash	Interest income
1	Linde plcLIN	Specialty Chemicals	$226.46B	498.43	12.9	2.3	0.6
2	BHP Group LimitedBHP	Other Industrial Metals & Mining	$210.76B	83.29	17.3	12.0	1.0
3	Southern Copper CorporationSCCO	Copper	$168.58B	200.51	8.3	7.7	1.5
4	Rio Tinto PlcRIO	Other Industrial Metals & Mining	$146.16B	90.32	21.4	10.5	0.1
5	Newmont CorporationNEM	Gold	$120.11B	118.6	8.1	13.6	0.9
6	Freeport-McMoRan, Inc.FCX	Copper	$100.46B	69.54	13.8	6.2	—
7	Agnico Eagle Mines LimitedAEM	Gold	$93.58B	189.53	0.6	8.0	0.5
8	Sherwin-Williams Company (The)SHW	Specialty Chemicals	$81.46B	335.2	14.3	0.3	0.1
9	Ecolab Inc.ECL	Specialty Chemicals	$80.14B	288.89	19.4	7.2	0.4
10	Air Products and Chemicals, IncAPD	Specialty Chemicals	$64.43B	299.59	28.7	1.6	—
11	Barrick Mining CorporationB	Gold	$64.19B	40.82	10.8	13.6	0.3
12	Wheaton Precious Metals CorpWPM	Gold	$58.59B	134.18	5.3	0.7	1.6
13	Nucor CorporationNUE	Steel	$57.61B	256.29	19.3	7.3	0.3
14	CRH PLCCRH	Building Materials	$55.48B	83.63	28.6	4.7	0.4
15	VALE S.A.VALE	Other Industrial Metals & Mining	$55.09B	13.06	8.3	2.2	0.2
16	AngloGold Ashanti PLCAU	Gold	$44.84B	92.82	7.5	11.7	1.4
17	Steel Dynamics, Inc.STLD	Steel	$34.41B	240.54	19.1	2.6	—
18	Martin Marietta Materials, Inc.MLM	Building Materials	$33.27B	500.84	17.5	0.3	—
19	Gold Fields LimitedGFI	Gold	$32.74B	37.6	11.4	9.4	0.6
20	Vulcan Materials Company (HoldiVMC	Building Materials	$32.44B	257.63	15.1	0.6	0.2
21	Kinross Gold CorporationKGC	Gold	$26.42B	24.02	3.9	14.3	1.0
22	International Flavors & FragranIFF	Specialty Chemicals	$23.05B	90.68	28.2	2.8	—
23	Reliance, Inc.RS	Steel	$20.56B	411.17	12.7	1.5	0.0
24	Amrize LtdAMRZ	Building Materials	$19.90B	37.82	22.3	2.5	—
25	Royal Gold, Inc.RGLD	Gold	$19.54B	238.05	3.2	2.6	1.4
26	CF Industries Holdings, Inc.CF	Agricultural Inputs	$17.77B	120.85	21.4	16.5	1.1
27	Pan American Silver Corp.PAAS	Gold	$17.61B	44.21	7.0	14.1	—
28	DuPont de Nemours, Inc.DD	Specialty Chemicals	$17.50B	130.45	21.2	11.8	1.4
29	Coeur Mining, Inc.CDE	Gold	$15.68B	15.47	9.8	14.6	—
30	Alamos Gold Inc.AGI	Gold	$12.78B	32.12	2.0	6.3	0.8

Ratios in percent; limits: debt < 30%, cash < 30%, interest income < 5%.

The other 90 halal stocks — in the screener

The public page is a sample. The screener filters by sector and halal status: sort every Basic materials stock by 40+ metrics (P/E, margins, growth, technicals).

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Industries in this sector

Industries with at least 5 halal stocks — each with its own list and failure reasons.

Other sectors

Frequently asked questions

Which Basic materials stocks are halal?: According to our AAOIFI-based screening, 120 of 291 listed Basic materials companies are halal. The largest by market cap: Linde plc (LIN), BHP Group Limited (BHP), Southern Copper Corporation (SCCO), Rio Tinto Plc (RIO), Newmont Corporation (NEM). The full list and each company's ratios are on the stock pages.
Why are some Basic materials companies not halal?: Chemicals, metals, mining and construction materials. The business is usually permissible; failures come mostly from debt (plants and mines are capital-intensive). In small miners the cash ratio is also a reason. Many gold and metal miners pass with low debt.
Is this a fatwa or investment advice?: No. This is the result of automated screening based on public data. It is neither a fatwa nor an investment recommendation. Consult a scholar or adviser you trust before making decisions.
How often are the results updated?: Screening runs every day: when a new quarterly report comes out, the ratios are recalculated and the status may change. Each stock page shows the date it was checked.

Terms

Shariah screening AAOIFI Debt ratio Interest-bearing assets ratio Impermissible income Sector Market capitalisation

Not a fatwa and not investment advice. Screening is automated from public financial reports and may be wrong or out of date.