Is FCX halal?
Freeport-McMoRan, Inc.
Halal
Freeport-McMoRan, Inc. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NYSE
Price
69.54
Day
-0.74%
Market cap
$100.46B
Industry
Copper
Sector
Basic Materials
What the company does
Freeport-McMoRan is one of the world's largest copper miners: Grasberg (Indonesia — among the biggest gold-copper mines), Arizona and Peru. Gold and molybdenum are by-products; its money comes from copper 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 $9.39B ÷ 36-month average market cap $67.75B = 13.8%
13.8%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $4.21B ÷ 36-month average market cap $67.75B = 6.2%
6.2%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
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: $100.46B.
For information (AAOIFI 3/1 note): cash + receivables are 9.1% 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
- 0.15% weight · #114 of 503
- Among halal stocks
- 0.15% · #91 of 1454
- Held by funds
- SPUS 0.26%
- Dividend
- 0.83% · no purification data
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 2 superinvestors · Average reported price: $62.89
- Howard MarksOaktree Capital Management$75.5M2.0%
- Steven CheckCheck Capital Management$488K0.0%
Halal stocks in the same industry
The largest halal stocks in Copper — for comparison.
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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.