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).

Sibanye Stillwater Limited

SBSW: Is Sibanye Stillwater Limited Halal?

Not Halal

Sibanye Stillwater Limited

NYSEBasic MaterialsZA

$11.84

+0.30%

About Sibanye Stillwater Limited

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Zimbabwe, Canada, and Argentina. The company produces gold; platinum group metals (PGMs), including palladium, platinum, and rhodium; and by-products, such as iridium, ruthenium, nickel, copper, and chrome. It owns the East Boulder and Stillwater mines located in Montana, the United States; and Columbus metallurgical complex, which smelts the material mined to produce PGM-rich filter cake, as well as conducts PGM recycling activities. The company is also involved in the Kroondal, Rustenburg, Marikana, and Platinum Mile operations situated in South Africa; Mimosa located on the southern portion in Zimbabwe; the Driefontein, Kloof, and Cooke surface operations located on the West Rand of the Witwatersrand Basin; and the Beatrix situated in the southern Free State. In addition, it owns an interest in surface tailings retreatment facilities; the Marathon PGM project in Ontario, Canada; the Altar and Rio Grande copper gold projects in the Andes in north-west Argentina; the Hoedspruit; and the Burnstone and southern Free State gold projects in South Africa. Sibanye Stillwater Limited was founded in 2013 and is headquartered in Weltevreden Park, South Africa.

Sector: Basic Materials 路 Industry: Gold

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 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 Cap583.2% / 30.0%

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.

Screened: Jun 17, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

8.4B

Price

$11.84

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 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 583.2% (limit 30%); interest-bearing deposits of 225.7% (limit 30%); prohibited income of 1.21% (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: Jun 17, 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.