Northern Dynasty Minerals Ltd.

NAK: Is Northern Dynasty Minerals Ltd. Halal?

Northern Dynasty Minerals Ltd.

AMEXBasic MaterialsCA

$1.70

+0.00%

Market Cap: 952.5M

Compliance Status

Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

A+

Excellent

96Score

Is Northern Dynasty Minerals Ltd. (NAK) halal? Halal. Based on AAOIFI screening, Northern Dynasty Minerals Ltd. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 96/100 (Grade: A+).

Quote this verdict

HalalScreener rates Northern Dynasty Minerals Ltd. (NAK) Halal, 96/100, grade A+ under AAOIFI Standard 21, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/NAK

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%.

0.2% of 30.0% limit

What this means for you

You can own NAK

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

Purification amount is Pro

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

About Northern Dynasty Minerals Ltd.

Northern Dynasty Minerals Ltd. is an enterprise focused on prospecting for mineral deposits across the United States. The company's primary asset is the extensive Pebble project, an exploration site rich in copper, gold, molybdenum, silver, and rhenium. This significant property encompasses 1,840 mining claims, spanning roughly 274 square miles in southwestern Alaska. It lies just 17 miles from the communities of Iliamna and Newhalen, and approximately 200 miles southwest of Alaska's largest city, Anchorage. Initially established as Northern Dynasty Explorations Ltd., the company adopted its current name, Northern Dynasty Minerals Ltd., in October of 1997. Founded in 1983, its corporate headquarters are situated in Vancouver, Canada.

Sector: Basic Materials · Industry: Industrial Materials

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 1, 2026

Compliance History

  1. Halalnow

    since Aug 2026

  2. Under Review

    until the change above

  3. 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 Northern Dynasty Minerals Ltd. (NAK) halal to invest in?
Based on AAOIFI Standard 21 screening, Northern Dynasty Minerals Ltd. (NAK) is rated Halal with a compliance grade of A+ (Excellent). 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 Northern Dynasty Minerals Ltd. get a A+ compliance rating?
Northern Dynasty Minerals Ltd. (NAK) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Northern Dynasty Minerals Ltd.'s Shariah verdict?
Northern Dynasty Minerals Ltd.'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 Northern Dynasty Minerals Ltd. re-screened for Shariah compliance?
Northern Dynasty Minerals Ltd. (NAK) 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: Sep 1, 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.