What is Newmont Corporation's Shariah compliance score?

Newmont Corporation (NEM) has a Shariah compliance score of 87/100 (Grade: A, Very Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Newmont Corporation pass AAOIFI screening?

Newmont Corporation (NEM) passes 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% (NEM: 5.0%), (3) interest-bearing deposits below 30% (NEM: 5.2%), and (4) prohibited income below 5% (NEM: 0.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Newmont Corporation stock?

Newmont Corporation (NEM) has a non-permissible income ratio of 0.82%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NEM 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 Newmont Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Newmont Corporation (NEM) 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 NEM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NEM: Is Newmont Corporation Halal?

Newmont Corporation

NYSEBasic MaterialsUS

$95.21

+0.49%

Market Cap: 101.6B

Compliance Status

Halal

Screened on Jul 16, 2026 · AAOIFI Standard 21

Very Good

87Score

Is Newmont Corporation (NEM) halal? Halal. Based on AAOIFI screening, Newmont Corporation passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 87/100 (Grade: A).

AvoidBorderlineClean

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%.

5.0% of 30.0% limit

What this means for you

You can own NEM

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

Purify 0.8% of your income from NEM

That is about $0.80 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About Newmont Corporation

Newmont Corporation is primarily involved in the mining and exploration of gold resources. Additionally, the company undertakes prospecting for other base and precious metals, including copper, silver, zinc, and lead. Its operations and assets are geographically widespread, located across various countries such as the United States, Canada, Mexico, the Dominican Republic, Peru, Suriname, Argentina, Chile, Australia, and Ghana. As of the close of 2021 (December 31st), Newmont reported substantial proven and probable gold reserves, totaling 92.8 million ounces, and managed a vast land portfolio covering 62,800 square kilometers. Founded in 1916, the company's corporate headquarters are situated in Denver, Colorado.

Sector: Basic Materials · Industry: Gold

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 16, 2026

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q1 2026Data source: EDGAR

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Frequently Asked Questions

Is Newmont Corporation (NEM) halal to invest in?

Based on AAOIFI Standard 21 screening, Newmont Corporation (NEM) 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 Newmont Corporation get a A compliance rating?

Newmont Corporation (NEM) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 5.0% (limit 30%); interest-bearing deposits of 5.2% (limit 30%); prohibited income of 0.82% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Newmont Corporation's Shariah verdict?

Newmont Corporation'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 Newmont Corporation re-screened for Shariah compliance?

Newmont Corporation (NEM) 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 16, 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.