What is Nouveau Monde Graphite Inc.'s Shariah compliance score?

Nouveau Monde Graphite Inc. (NMG) has a Shariah compliance score of 88/100 (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 Nouveau Monde Graphite Inc. pass AAOIFI screening?

Nouveau Monde Graphite Inc. (NMG) 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% (NMG: 3.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Nouveau Monde Graphite Inc. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Nouveau Monde Graphite Inc. (NMG) using the latest financial data.

Where can I screen Nouveau Monde Graphite Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Nouveau Monde Graphite Inc. (NMG) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about NMG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NMG: Is Nouveau Monde Graphite Inc. Halal?

Nouveau Monde Graphite Inc.

NYSEBasic MaterialsCA

$1.26

-3.82%

Market Cap: 202.8M

Compliance Status

Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

Very Good

88Score

Is Nouveau Monde Graphite Inc. (NMG) halal? Halal. Based on AAOIFI screening, Nouveau Monde Graphite Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 88/100 (Grade: A).

Quote this verdict

HalalScreener rates Nouveau Monde Graphite Inc. (NMG) Halal, 88/100, grade A under AAOIFI Standard 21, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/NMG

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%.

3.0% of 30.0% limit

What this means for you

You can own NMG

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

Purification amount is Pro

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

About Nouveau Monde Graphite Inc.

Nouveau Monde Graphite Inc. (NMG) is a Canadian enterprise primarily focused on the acquisition, investigation, growth, and assessment of mineral resources within Canada. The company's main exploratory efforts are directed towards unearthing graphite. A significant asset for the firm is its flagship Matawinie property, an expansive site encompassing 392 mining claims across 21,750 hectares, strategically located just north of Montreal, Quebec. Beyond its core mineral operations, the company also engages in real estate and commercial trading. Established in 2011, the organization operated under the name Nouveau Monde Mining Enterprises Inc. until February 2017, when it adopted its current designation. Its principal office is situated in Saint-Michel-des-Saints, Canada.

Sector: Basic Materials · Industry: Industrial Materials

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 1, 2026

Compliance History

Halalnow
since Aug 2026
Under Review
until the change above
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 Nouveau Monde Graphite Inc. (NMG) halal to invest in?

Based on AAOIFI Standard 21 screening, Nouveau Monde Graphite Inc. (NMG) 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 Nouveau Monde Graphite Inc. get a A compliance rating?

Nouveau Monde Graphite Inc. (NMG) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 3.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Nouveau Monde Graphite Inc.'s Shariah verdict?

Nouveau Monde Graphite 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 Nouveau Monde Graphite Inc. re-screened for Shariah compliance?

Nouveau Monde Graphite Inc. (NMG) 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.