What is Harmony Gold Mining Company Limited's Shariah compliance score?

Harmony Gold Mining Company Limited's (HMY) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Harmony Gold Mining Company Limited pass AAOIFI screening?

Harmony Gold Mining Company Limited (HMY) does not pass 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% (HMY: 24.1%), (3) interest-bearing deposits below 30% (HMY: 141.6%), and (4) prohibited income below 5% (HMY: 1.1%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Harmony Gold Mining Company Limited stock?

Harmony Gold Mining Company Limited (HMY) has a non-permissible income ratio of 1.09%. Muslim investors should purify this percentage of any dividends received and capital gains realized from HMY 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 Harmony Gold Mining Company Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Harmony Gold Mining Company Limited (HMY) 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 HMY's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

HMY: Is Harmony Gold Mining Company Limited Halal?

Harmony Gold Mining Company Limited

NYSEBasic MaterialsZA

$14.65

-0.88%

Market Cap: 9.2B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Harmony Gold Mining Company Limited (HMY) halal? Not Halal. Based on AAOIFI screening, Harmony Gold Mining Company Limited passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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%.

24.1% of 30.0% limit

What this means for you

Most scholars advise not holding HMY

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Harmony Gold Mining Company Limited

Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia. The company explores for gold, uranium, silver, and copper deposits. It has nine underground operations in the Witwatersrand Basin; the Kraaipan Greenstone Belt; and various surface source operations in South Africa. In addition, the company owns interests in the Hidden Valley, an open-pit gold and silver mine; and the Wafi-Golpu project located in Morobe Province in Papua New Guinea. Further, it holds interest in Eva Copper Project located in Queensland, Australia. Harmony Gold Mining Company Limited was incorporated in 1950 and is based in Randfontein, South Africa.

Sector: Basic Materials · Industry: Gold

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Basic Materials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

NWPXA+

NWPX Infrastructure, Inc.

$120.30

-0.24%

CRMLA+

Critical Metals Corp.

$10.15

+0.79%

GROYA+

Gold Royalty Corp.

$3.22

-1.44%

IDRA+

Idaho Strategic Resources, Inc.

$35.44

-1.80%

HLA+

Hecla Mining Company

$15.40

-0.90%

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Frequently Asked Questions

Is Harmony Gold Mining Company Limited (HMY) halal to invest in?

Harmony Gold Mining Company Limited (HMY) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Harmony Gold Mining Company Limited get a F compliance rating?

Harmony Gold Mining Company Limited (HMY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 24.1% (limit 30%); interest-bearing deposits of 141.6% (limit 30%); prohibited income of 1.09% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Harmony Gold Mining Company Limited's Shariah verdict?

Harmony Gold Mining Company Limited'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 Harmony Gold Mining Company Limited re-screened for Shariah compliance?

Harmony Gold Mining Company Limited (HMY) 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 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.