Is NEM halal?
Newmont Corporation
Halal
Newmont Corporation 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
118.6
Day
+2.43%
Market cap
$120.11B
Industry
Gold
Sector
Basic Materials
What the company does
Newmont is the world's largest gold miner (Nevada, Australia, Ghana, Peru, Canada), with copper and silver as by-products. Its money comes from gold sales, so results track the gold price.
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 $5.60B ÷ 36-month average market cap $69.15B = 8.1%
8.1%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $9.42B ÷ 36-month average market cap $69.15B = 13.6%
13.6%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $214.00M ÷ annual revenue $22.67B (2025) = 0.9%
0.9%
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: $120.11B.
For information (AAOIFI 3/1 note): cash + receivables are 17.7% 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
- 0.18% weight · #100 of 503
- Among halal stocks
- 0.18% · #80 of 1455
- Held by funds
- HLAL 0.34% · SPUS 0.30%
- Dividend
- 0.88% · purify 0.9% · net 0.87%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 4 superinvestors · Average reported price: $93.40
- Muhlenkamp$21.6M6.3%
- Christopher BloomstranSemper Augustus$41.8M4.7%
- First Eagle Investment Management$2.2B1.8%
- Mairs & Power Funds$467K0.0%
Halal stocks in the same industry
The largest halal stocks in Gold — for comparison.
Related articles
- Halal investingBlogHow to calculate purification for a halal stockEven a halal company earns a little interest. A simple formula and worked example for how much of your dividend to give to charity.
- GuideBlogDividends, zakat and tax: a practical guide for US stock holdersHow much US tax is withheld from dividends, what to declare in Uzbekistan, and how zakat on shares is calculated — with one worked example.
- 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.