What is Eldorado Gold Corporation's Shariah compliance score?

Eldorado Gold Corporation (EGO) has a Shariah compliance score of 59/100 (Grade: C+, Fair) 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 Eldorado Gold Corporation pass AAOIFI screening?

Eldorado Gold Corporation (EGO) 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% (EGO: 23.0%), (3) interest-bearing deposits below 30% (EGO: 15.4%), and (4) prohibited income below 5% (EGO: 1.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Eldorado Gold Corporation stock?

Eldorado Gold Corporation (EGO) has a non-permissible income ratio of 1.85%. Muslim investors should purify this percentage of any dividends received and capital gains realized from EGO 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 Eldorado Gold Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Eldorado Gold Corporation (EGO) 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 EGO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

EGO: Is Eldorado Gold Corporation Halal?

Eldorado Gold Corporation

NYSEBasic MaterialsCA

$28.02

-4.82%

Market Cap: 5.6B

Compliance Status

Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

C+

Fair

59Score

Is Eldorado Gold Corporation (EGO) halal? Halal. Based on AAOIFI screening, Eldorado Gold Corporation passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 59/100 (Grade: C+).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

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

23.0% of 30.0% limit

What this means for you

You can own EGO

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

Purify 1.8% of your income from EGO

That is about $1.80 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Eldorado Gold Corporation

Eldorado Gold Corporation, operating through its various subsidiaries, is actively involved in the exploration, development, mining, and commercialization of mineral resources. The company's core activities are centered primarily in Turkey, Canada, Greece, and Romania. Although predominantly a gold producer, Eldorado also extracts silver, lead, and zinc. It holds full ownership (100% interest) of significant assets such as the Kisladag and Efemcukuru gold mines in western Turkey, and the Lamaque gold mines located in Canada. Its portfolio in Greece encompasses the Olympias, Stratoni, Skouries, Perama Hill, and Sapes gold mines. Furthermore, Eldorado holds an 80.5% stake in the Certej development projects in Romania. Incorporated in 1992, the company was initially known as Eldorado Corporation Ltd. and adopted its current name, Eldorado Gold Corporation, in April 1996. Its headquarters are situated in Vancouver, Canada.

Sector: Basic Materials · Industry: Gold

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 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 Eldorado Gold Corporation (EGO) halal to invest in?

Based on AAOIFI Standard 21 screening, Eldorado Gold Corporation (EGO) is rated Halal with a compliance grade of C+ (Fair). 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 Eldorado Gold Corporation get a C+ compliance rating?

Eldorado Gold Corporation (EGO) received a grade of C+ (Fair) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 23.0% (limit 30%); interest-bearing deposits of 15.4% (limit 30%); prohibited income of 1.85% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Eldorado Gold Corporation's Shariah verdict?

Eldorado Gold Corporation'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 Eldorado Gold Corporation re-screened for Shariah compliance?

Eldorado Gold Corporation (EGO) 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 17, 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.