What is Contango Ore, Inc.'s Shariah compliance score?

Contango Ore, Inc. (CTGO) has a Shariah compliance score of 87/100 (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 Contango Ore, Inc. pass AAOIFI screening?

Contango Ore, Inc. (CTGO) 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% (CTGO: 5.3%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Contango Ore, Inc. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Contango Ore, Inc. (CTGO) using the latest financial data.

Where can I screen Contango Ore, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Contango Ore, Inc. (CTGO) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about CTGO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CTGO: Is Contango Ore, Inc. Halal?

Contango Ore, Inc.

AMEXBasic MaterialsUS

$19.61

+4.31%

Market Cap: 634.2M

Compliance Status

Halal

Screened on Sep 3, 2026 · AAOIFI Standard 21

Very Good

87Score

Is Contango Ore, Inc. (CTGO) halal? Halal. Based on AAOIFI screening, Contango Ore, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 87/100 (Grade: A).

Quote this verdict

HalalScreener rates Contango Ore, Inc. (CTGO) Halal, 87/100, grade A under AAOIFI Standard 21, screened Sep 3, 2026. Source: https://halalscreener.app/en/stock/CTGO

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%.

5.3% of 30.0% limit

What this means for you

You can own CTGO

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

Purification amount is Pro

We have screened CTGO's prohibited income, but the exact share you would need to purify is part of Pro.

About Contango Ore, Inc.

Contango Ore, Inc. operates as an exploration-phase enterprise, primarily dedicated to prospecting for gold and other associated minerals across the United States. Its discovery efforts also extend to identifying deposits of copper and silver. Through its various subsidiaries, the company has secured substantial land access for its exploration and development activities. This includes the lease of approximately 675,000 acres from the Tetlin Tribal Council, as well as around 13,000 State of Alaska mining claims. Additionally, Contango Ore holds full mineral rights to an estimated 200,000 acres of State of Alaska mining claims situated north and northwest of the Tetlin Lease. The company's portfolio also features an interest in the Shamrock property, which encompasses 361 Alaska state mining claims spanning approximately 52,640 acres. Contango Ore, Inc. was founded in 2009 and maintains its corporate headquarters in Houston, Texas.

Sector: Basic Materials · Industry: Gold

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 3, 2026

Compliance History

Halalnow
since Aug 2026
Under Review
until the change above
Doubtful
until the change above

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

Fiscal: FY 2025Data source: FMP

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Frequently Asked Questions

Is Contango Ore, Inc. (CTGO) halal to invest in?

Based on AAOIFI Standard 21 screening, Contango Ore, Inc. (CTGO) 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 Contango Ore, Inc. get a A compliance rating?

Contango Ore, Inc. (CTGO) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 5.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Contango Ore, Inc.'s Shariah verdict?

Contango Ore, Inc.'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 Contango Ore, Inc. re-screened for Shariah compliance?

Contango Ore, Inc. (CTGO) 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: Sep 3, 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.