Is ASA halal?
ASA Gold and Precious Metals L
Not halal
ASA Gold and Precious Metals L did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NYSE
Price
52.4
Day
-2.78%
Market cap
$1.01B
Industry
Asset Management
Sector
Financial Services
What the company does
ASA Gold and Precious Metals is a closed-end fund investing in gold and precious-metals mining stocks. No operating business; its value tracks its portfolio.
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
Prohibited activity: Asset Management
Interest-bearing debt / market cap
limit 30%
—
No data
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.10B ÷ 36-month average market cap $490.78M = 223.8%
223.8%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $986K ÷ annual revenue $672.05M (2025) = 0.1%
0.1%
Pass
Figures from the company's filings (2025-11-30), 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: $1.01B.
For information (AAOIFI 3/1 note): cash + receivables are 0.7% of total assets (2025-11-30). 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
- Held by funds
- Not held by any tracked fund
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- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
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.