Is SCCO halal?
Southern Copper Corporation
Halal
Southern Copper 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
200.45
Day
-0.61%
Market cap
$168.58B
Industry
Copper
Sector
Basic Materials
What the company does
Southern Copper mines copper in Peru and Mexico (among the world's largest copper reserves), with molybdenum, silver and zinc as by-products. Controlled by Grupo México; 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 $7.99B ÷ 36-month average market cap $95.88B = 8.3%
8.3%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $7.33B ÷ 36-month average market cap $95.88B = 7.7%
7.7%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $199.70M ÷ annual revenue $13.42B (2025) = 1.5%
1.5%
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: $168.58B.
For information (AAOIFI 3/1 note): cash + receivables are 39.0% 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
- 0.25% · #58 of 1454
- Held by funds
- SPWO 0.20% · HLAL 0.05%
- Dividend
- 1.70% · purify 1.5% · net 1.67%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $174.26
- First Pacific Advisors$1.2M0.0%
Halal stocks in the same industry
The largest halal stocks in Copper — 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.