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

Harmony Gold Mining Company Limited

HMY: Is Harmony Gold Mining Company Limited Halal?

Not Halal

Harmony Gold Mining Company Limited

NYSEBasic MaterialsZA

$17.10

-3.82%

About Harmony Gold Mining Company Limited

Harmony Gold Mining Company Limited primarily focuses on the exploration, extraction, and processing of gold, but also actively seeks out deposits of uranium, silver, copper, and molybdenum. The company maintains a significant operational presence in South Africa, comprising nine underground mines located in the Witwatersrand Basin, an open-pit mine on the Kraaipan Greenstone Belt, and multiple surface treatment facilities. Beyond South Africa, Harmony Gold possesses interests in Papua New Guinea, including the Hidden Valley, an open-pit gold and silver mine, and the Wafi-Golpu project situated in Morobe Province. Established in 1950, its corporate headquarters are located in Randfontein, South Africa.

Sector: Basic Materials 路 Industry: Gold

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap20.6% / 30.0%

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 18, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

10.8B

Price

$17.10

Sector

Basic Materials

Industry

Gold

Halal Alternatives in Basic Materials

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

Critical Metals Corp.
CRMLA+

Critical Metals Corp.

$9.90

+1.64%

NWPX Infrastructure, Inc.
NWPXA+

NWPX Infrastructure, Inc.

$120.30

-0.24%

Gold Royalty Corp.
GROYA+

Gold Royalty Corp.

$3.22

-1.44%

Idaho Strategic Resources, Inc.
IDRA+

Idaho Strategic Resources, Inc.

$32.47

-12.01%

Hecla Mining Company
HLA+

Hecla Mining Company

$14.78

-12.18%

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Frequently Asked Questions

Is Harmony Gold Mining Company Limited (HMY) halal to invest in?
Harmony Gold Mining Company Limited (HMY) 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 Harmony Gold Mining Company Limited get a F compliance rating?
Harmony Gold Mining Company Limited (HMY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 20.6% (limit 30%); interest-bearing deposits of 121.3% (limit 30%); prohibited income of 1.09% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Harmony Gold Mining Company Limited's Shariah verdict?
Harmony Gold Mining Company 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 Harmony Gold Mining Company Limited re-screened for Shariah compliance?
Harmony Gold Mining Company Limited (HMY) 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: Jun 18, 2026.

Screened according to AAOIFI Standard No. 21 路 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.