Is AEM halal?
Agnico Eagle Mines Limited
Halal
Agnico Eagle Mines Limited passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NYSE
Price
189.53
Day
+1.05%
Market cap
$93.58B
Industry
Gold
Sector
Basic Materials
What the company does
Agnico Eagle (Canada) is a gold miner with mines in Canada (Detour Lake, Canadian Malartic, Nunavut), Finland, Mexico and Australia. Its money comes from gold sales.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $320.35M ÷ 36-month average market cap $57.40B = 0.6%
0.6%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $4.57B ÷ 36-month average market cap $57.40B = 8.0%
8.0%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $58.14M ÷ annual revenue $11.91B (2025) = 0.5%
0.5%
Pass
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $93.58B.
For information (AAOIFI 3/1 note): cash + receivables are 9.7% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Among halal stocks
- 0.14% · #95 of 1454
- Held by funds
- UMMA 0.88%
- Dividend
- 0.92% · purify 0.5% · net 0.91%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 3 superinvestors · Average reported price: $155.22
- Muhlenkamp$21.5M6.2%
- First Eagle Investment Management$1.6B1.3%
- Arnold Van Den BergCentury Management$739K0.2%
Halal stocks in the same industry
The largest halal stocks in Gold — for comparison.
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- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.