Compliance Status

Halal

Screened on Oct 18, 2026 · AAOIFI Standard 21

A

Very Good

80Score

Is Hudbay Minerals Inc. (HBM) halal? Halal. Based on AAOIFI screening, Hudbay Minerals Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 80/100 (Grade: A).

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HalalScreener rates Hudbay Minerals Inc. (HBM) Halal, 80/100, grade A under AAOIFI Standard 21, screened Oct 18, 2026. Source: https://halalscreener.app/en/stock/HBM

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%.

8.7% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

You can own HBM

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

Purification amount is Pro

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

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Hudbay Minerals Inc.

HBM: Is Hudbay Minerals Inc. Halal?

Hudbay Minerals Inc.

NYSEBasic MaterialsCA

$23.62

Market Cap: 10.5B

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About Hudbay Minerals Inc.

Hudbay Minerals Inc. operates as a diversified mining firm, encompassing its subsidiaries, focusing on the exploration, extraction, and commercialization of both industrial and precious metals across the North and South American continents. The company's primary products consist of copper concentrates (from which copper, gold, and silver are derived), silver-gold doré, molybdenum concentrates, and metallic zinc. Hudbay maintains a significant presence with three multi-metal mining operations, four ore processing facilities, and a dedicated zinc production plant, situated in northern Manitoba and Saskatchewan, Canada, and in Cusco, Peru. Furthermore, it is actively developing copper projects in the U.S. states of Arizona and Nevada. Founded in 1927, Hudbay Minerals Inc. is centrally managed from its headquarters in Toronto, Canada.

Sector: Basic Materials · Industry: Copper

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 18, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: FMP
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Frequently Asked Questions

Is Hudbay Minerals Inc. (HBM) halal to invest in?
Based on AAOIFI Standard 21 screening, Hudbay Minerals Inc. (HBM) 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 Hudbay Minerals Inc. get a A compliance rating?
Hudbay Minerals Inc. (HBM) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 8.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Hudbay Minerals Inc.'s Shariah verdict?
Hudbay Minerals 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 Hudbay Minerals Inc. re-screened for Shariah compliance?
Hudbay Minerals Inc. (HBM) 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: Oct 18, 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.