McEwen Mining Inc.

MUX: Is McEwen Mining Inc. Halal?

McEwen Mining Inc.

NYSEBasic MaterialsCA

$16.37

-1.33%

Market Cap: 977.9M

Compliance Status

Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

B+

Good

78Score

Is McEwen Mining Inc. (MUX) halal? Halal. Based on AAOIFI screening, McEwen Mining Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 78/100 (Grade: B+).

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%.

12.9% of 30.0% limit

What this means for you

You can own MUX

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

Purify 1% of your income from MUX

That is about $1.00 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About McEwen Mining Inc.

McEwen Mining Inc. (MUX) is primarily engaged in the discovery, development, extraction, and sale of gold and silver deposits across the United States, Canada, Mexico, and Argentina. The company also conducts exploration for copper reserves. Its portfolio includes full ownership of several key assets: the Gold Bar mine in Eureka County, Nevada; the Black Fox gold mine located in Ontario, Canada; the El Gallo Project and the Fenix silver-gold project, both situated in Sinaloa, Mexico; and the Los Azules copper deposit in San Juan, Argentina. McEwen Mining also possesses a broad array of exploration properties spanning Nevada, Canada, Mexico, and Argentina. Furthermore, the company holds a 49% stake in the San José mine, which is located in Argentina. Initially incorporated in 1979, the enterprise was formerly recognized as US Gold Corporation before adopting the name McEwen Mining Inc. in January 2012. Its corporate headquarters are located in Toronto, Canada.

Sector: Basic Materials · Industry: Other Precious Metals

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

  1. Halalnow

    since Jun 2026

  2. Not Halal

    until the change above

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

Fiscal: Q1 2026Data source: EDGAR
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Frequently Asked Questions

Is McEwen Mining Inc. (MUX) halal to invest in?
Based on AAOIFI Standard 21 screening, McEwen Mining Inc. (MUX) 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 McEwen Mining Inc. get a B+ compliance rating?
McEwen Mining Inc. (MUX) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 12.9% (limit 30%); interest-bearing deposits of 7.4% (limit 30%); prohibited income of 1.01% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change McEwen Mining Inc.'s Shariah verdict?
McEwen Mining 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 McEwen Mining Inc. re-screened for Shariah compliance?
McEwen Mining Inc. (MUX) 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.