What is Ero Copper Corp.'s Shariah compliance score?

Ero Copper Corp. (ERO) has a Shariah compliance score of 73/100 (Grade: B+, 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 Ero Copper Corp. pass AAOIFI screening?

Ero Copper Corp. (ERO) 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% (ERO: 24.7%), (3) interest-bearing deposits below 30% (ERO: 4.1%), and (4) prohibited income below 5% (ERO: 0.7%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Ero Copper Corp. stock?

Ero Copper Corp. (ERO) has a non-permissible income ratio of 0.68%. Muslim investors should purify this percentage of any dividends received and capital gains realized from ERO 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 Ero Copper Corp. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Ero Copper Corp. (ERO) 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 ERO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

ERO: Is Ero Copper Corp. Halal?

Ero Copper Corp.

NYSEBasic MaterialsCA

$24.52

-3.27%

Market Cap: 2.6B

Compliance Status

Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

B+

Good

73Score

Is Ero Copper Corp. (ERO) halal? Halal. Based on AAOIFI screening, Ero Copper Corp. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 73/100 (Grade: B+).

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%.

24.7% of 30.0% limit

What this means for you

You can own ERO

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

Purify 0.7% of your income from ERO

That is about $0.70 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Ero Copper Corp.

Ero Copper Corp. is a base metals mining enterprise engaged in the exploration, development, and operation of various projects throughout Brazil. The company produces and markets copper concentrate from its MCSA Mining Complex, located in the Curaçá Valley of northeastern Bahia state, with gold and silver recovered as secondary products. Additionally, Ero Copper Corp. possesses full ownership of the Boa Esperança property, a copper development venture in southeastern Pará state, and the NX Gold property in Mato Grosso state. Founded in 2016, the company's headquarters are situated in Vancouver, Canada.

Sector: Basic Materials · Industry: Copper

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 2026

Compliance History

Halalnow
since Jul 2026
Doubtful
until the change above
Halal
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 Ero Copper Corp. (ERO) halal to invest in?

Based on AAOIFI Standard 21 screening, Ero Copper Corp. (ERO) is rated Halal with a compliance grade of B+ (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 Ero Copper Corp. get a B+ compliance rating?

Ero Copper Corp. (ERO) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 24.7% (limit 30%); interest-bearing deposits of 4.1% (limit 30%); prohibited income of 0.68% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Ero Copper Corp.'s Shariah verdict?

Ero Copper Corp.'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 Ero Copper Corp. re-screened for Shariah compliance?

Ero Copper Corp. (ERO) 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.