
IE: Is Ivanhoe Electric Inc. Halal?
Ivanhoe Electric Inc.
$8.26
-4.51%
Market Cap: 1.3B
Compliance Status
Halal
Screened on Jul 17, 2026 · AAOIFI Standard 21
Excellent
Is Ivanhoe Electric Inc. (IE) halal? Halal. Based on AAOIFI screening, Ivanhoe Electric Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 91/100 (Grade: A+).
Business activity
What the company sells is permissible.
Company debt
Well clear of the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
What this means for you
You can own IE
It passes both the business activity and financial ratio screens under AAOIFI Standard 21.
No purification owed
Based on the latest screening, none of its income comes from prohibited sources.
About Ivanhoe Electric Inc.
Ivanhoe Electric Inc. primarily engages in mineral exploration and development activities across the United States. Its operations are structured into three main segments: Critical Metals, Technology, and Energy Storage. Within its Critical Metals division, the company maintains an 84.6% ownership in Utah's 65-square-kilometer Tintic copper-gold project. Additionally, it possesses an option to fully acquire the 77.59-square-kilometer Santa Cruz copper project in Arizona, holds a 75% stake in Montana's 24.2-square-kilometer Hog Heaven project which targets silver, gold, and copper, and further extends its reach with a 60% interest in the 1,125-square-kilometer Ivory Coast project. Its Technology arm delivers advanced services, including data analytics, geophysical modeling, and artificial intelligence solutions, catering to the mineral, oil and gas, and water exploration sectors. In the Energy Storage segment, it is active in the development, manufacturing, and installation of vanadium flow batteries designed for grid-scale applications. Established in 2020, Ivanhoe Electric Inc. maintains its corporate headquarters in Vancouver, Canada.
Sector: Basic Materials · Industry: Copper
Shariah Compliance Status
Compliance History
Halalnow
since Jun 2026
Not Halal
until the change above
Tracked since May 2026. Updates automatically on each re-screen.
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Frequently Asked Questions
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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.