Sibanye Stillwater Limited

SBSW: Is Sibanye Stillwater Limited Halal?

Sibanye Stillwater Limited

NYSEBasic MaterialsZA

$8.12

-4.92%

Market Cap: 5.7B

Compliance Status

Not Halal

Screened on Jul 17, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Sibanye Stillwater Limited (SBSW) halal? Not Halal. Based on AAOIFI screening, Sibanye Stillwater Limited passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

764.1% of 30.0% limit

What this means for you

Most scholars advise not holding SBSW

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Sibanye Stillwater Limited

Sibanye Stillwater Limited, along with its various subsidiaries, functions as a prominent precious metals mining entity with operations spanning South Africa, the United States, Zimbabwe, Canada, and Argentina. The company's primary outputs encompass gold and Platinum Group Metals (PGMs) – specifically palladium, platinum, and rhodium – alongside secondary commodities such as iridium, ruthenium, nickel, copper, and chrome. In the United States, its assets include the East Boulder and Stillwater mines situated in Montana. These are supported by the Columbus metallurgical complex, which is responsible for smelting the mined material into PGM-rich filter cake and also conducts PGM recycling activities. Its extensive portfolio in South Africa features PGM operations at Kroondal, Rustenburg, Marikana, and Platinum Mile. Gold production stems from surface facilities like Driefontein, Kloof, and Cooke, located on the West Rand of the Witwatersrand Basin, as well as the Beatrix mine in the southern Free State. Further international interests include the Mimosa mine in the southern region of Zimbabwe, the Marathon PGM project in Ontario, Canada, and the Altar and Rio Grande copper-gold ventures nestled within the Andes in northwest Argentina. Sibanye Stillwater also maintains holdings in surface tailings retreatment facilities and other South African gold projects, including Hoedspruit, Burnstone, and additional sites in the southern Free State. The company was founded in 2013 and maintains its headquarters in Weltevreden Park, South Africa.

Sector: Basic Materials · Industry: Other Precious Metals

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 17, 2026

Compliance History

Not 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

Halal Alternatives in Basic Materials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is Sibanye Stillwater Limited (SBSW) halal to invest in?
Sibanye Stillwater Limited (SBSW) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Sibanye Stillwater Limited get a F compliance rating?
Sibanye Stillwater Limited (SBSW) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 764.1% (limit 30%); interest-bearing deposits of 298.7% (limit 30%); prohibited income of 1.12% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Sibanye Stillwater Limited's Shariah verdict?
Sibanye Stillwater Limited'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 Sibanye Stillwater Limited re-screened for Shariah compliance?
Sibanye Stillwater Limited (SBSW) 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 17, 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.