Is HBM halal?
Hudbay Minerals Inc.
Halal
Hudbay Minerals 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
23.62
Day
-2.48%
Market cap
$10.93B
Industry
Copper
Sector
Basic Materials
What the company does
Hudbay Minerals (Canada) is a copper miner: Constancia (Peru), Snow Lake (Manitoba) and Copper Mountain (British Columbia), with gold too. Its money comes from copper and 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 $913.20M ÷ 36-month average market cap $4.65B = 19.7%
19.7%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $1.04B ÷ 36-month average market cap $4.65B = 22.5%
22.5%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $22.30M ÷ annual revenue $2.21B (2025) = 1.0%
1.0%
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: $10.93B.
For information (AAOIFI 3/1 note): cash + receivables are 13.6% 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
- 0.02% · #399 of 1454
- Held by funds
- Not held by any tracked fund
- Dividend
- 0.08% · purify 1.0% · net 0.08%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $23.61
- Steven CheckCheck Capital Management$469K0.0%
Exited this quarter: Lee Ainslie
All superinvestor portfoliosHalal stocks in the same industry
The largest halal stocks in Copper — 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.