What is New Gold Inc.'s Shariah compliance score?

New Gold Inc. (NGD) has a Shariah compliance score of 90/100 (Grade: A+, Excellent) 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 New Gold Inc. pass AAOIFI screening?

New Gold Inc. (NGD) 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% (NGD: 5.5%), (3) interest-bearing deposits below 30% (NGD: 4.6%), and (4) prohibited income below 5% (NGD: 0.4%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for New Gold Inc. stock?

New Gold Inc. (NGD) has a non-permissible income ratio of 0.37%. Muslim investors should purify this percentage of any dividends received and capital gains realized from NGD 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 New Gold Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for New Gold Inc. (NGD) 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 NGD's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NGD: Is New Gold Inc. Halal?

New Gold Inc.

AMEXBasic MaterialsCA

$9.08

-4.12%

Market Cap: 7.2B

Compliance Status

Halal

Screened on Jul 15, 2026 · AAOIFI Standard 21

A+

Excellent

90Score

Is New Gold Inc. (NGD) halal? Halal. Based on AAOIFI screening, New Gold Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 90/100 (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%.

5.5% of 30.0% limit

What this means for you

You can own NGD

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

Purify 0.4% of your income from NGD

That is about $0.40 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About New Gold Inc.

New Gold Inc. is an intermediate-tier gold mining firm involved in discovering, developing, and running various mineral assets. Its core focus is on unearthing deposits of gold, silver, and copper. The company wholly owns and operates its main properties, which include the Rainy River mine in Ontario, Canada, and the New Afton mine in British Columbia, Canada. Additionally, it manages the Cerro San Pedro mine located in San Luis Potosí, Mexico. Established in 1980, New Gold Inc. has its main office in Toronto, Canada.

Sector: Basic Materials · Industry: Gold

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 15, 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: FY 2025Data source: FMP

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Frequently Asked Questions

Is New Gold Inc. (NGD) halal to invest in?

Based on AAOIFI Standard 21 screening, New Gold Inc. (NGD) 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 New Gold Inc. get a A+ compliance rating?

New Gold Inc. (NGD) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 5.5% (limit 30%); interest-bearing deposits of 4.6% (limit 30%); prohibited income of 0.37% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change New Gold Inc.'s Shariah verdict?

New Gold 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 New Gold Inc. re-screened for Shariah compliance?

New Gold Inc. (NGD) 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 15, 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.