What is Caledonia Mining Corporation Plc's Shariah compliance score?

Caledonia Mining Corporation Plc (CMCL) has a Shariah compliance score of 82/100 (Grade: A, Very Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Caledonia Mining Corporation Plc pass AAOIFI screening?

Caledonia Mining Corporation Plc (CMCL) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (CMCL: 9.8%), (3) interest-bearing deposits below 30% (CMCL: 10.8%), and (4) prohibited income below 5% (CMCL: 0.2%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Caledonia Mining Corporation Plc stock?

Caledonia Mining Corporation Plc (CMCL) has a non-permissible income ratio of 0.18%. Muslim investors should purify this percentage of any dividends received and capital gains realized from CMCL shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Caledonia Mining Corporation Plc for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Caledonia Mining Corporation Plc (CMCL) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about CMCL's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CMCL: Is Caledonia Mining Corporation Plc Halal?

Caledonia Mining Corporation Plc

AMEXBasic MaterialsJE

$19.10

-1.70%

Market Cap: 368.9M

Compliance Status

Halal

Screened on Jul 15, 2026 · AAOIFI Standard 21

Very Good

82Score

Is Caledonia Mining Corporation Plc (CMCL) halal? Halal. Based on AAOIFI screening, Caledonia Mining Corporation Plc passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 82/100 (Grade: A).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

9.8% of 30.0% limit

What this means for you

You can own CMCL

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purify 0.2% of your income from CMCL

That is about $0.20 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Caledonia Mining Corporation Plc

Caledonia Mining Corporation Plc primarily operates a gold mine in Jersey. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe. The company was formerly known as Caledonia Mining Corporation and changed its name to Caledonia Mining Corporation Plc in March 2016. Caledonia Mining Corporation Plc was incorporated in 1992 and is headquartered in Saint Helier, Jersey.

Sector: Basic Materials · Industry: Gold

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 15, 2026

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP

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Frequently Asked Questions

Is Caledonia Mining Corporation Plc (CMCL) halal to invest in?

Based on AAOIFI Standard 21 screening, Caledonia Mining Corporation Plc (CMCL) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Caledonia Mining Corporation Plc get a A compliance rating?

Caledonia Mining Corporation Plc (CMCL) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 9.8% (limit 30%); interest-bearing deposits of 10.8% (limit 30%); prohibited income of 0.18% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Caledonia Mining Corporation Plc's Shariah verdict?

Caledonia Mining Corporation Plc's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Caledonia Mining Corporation Plc re-screened for Shariah compliance?

Caledonia Mining Corporation Plc (CMCL) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 15, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.