TSX Shariah screener · October 2026

Is China Gold International Resources Corp. Ltd. (CGG) Halal?

PASS

China Gold International Resources Corp. Ltd. · TSX: CGG · Materials

The short answer

China Gold International Resources Corp. Ltd. (TSX: CGG) is a PASS in our October 2026 screen. The business gate passes: the company operates two mines in China — the CSH gold mine in Inner Mongolia and the Jiama copper-gold mine in Tibet — a permissible segment. The debt gate passes: total debt of US$463.3M at June 30, 2026 converts to ~C$657.9M at ~1.42 USD/CAD — about 4.1% of the ~C$16.1B market cap, far under the ~33% ceiling. The income gate passes: H1 2026 interest income received of US$4.0M is ~0.4% of US$914.2M revenue, under the 5% ceiling. Note: CIRO halted trading in CGG on October 1, 2026 (pending company contact), so market data uses the September 30, 2026 close of C$40.66.

Gate 1 — Business activity: PASS

China Gold International Resources Corp. Ltd., headquartered in Vancouver, is a gold and base metal mining company. Its principal operations are the CSH (Chang Shan Hao) gold mine in Inner Mongolia, China (96.5% owned) and the Jiama copper-gold polymetallic mine in Tibet, China (100% owned). H1 2026 produced 72,317 ounces of gold and 78.6 million pounds of copper. Conventional mining is a permissible business segment. It is listed on both the TSX (CGG) and the Hong Kong Stock Exchange (2099). Gate 1 passes.

Gate 2 — Debt and cash: PASS

Total debt was US$463.3M at June 30, 2026 (per the Q2 2026 MD&A gearing section; down from US$504.9M at December 31, 2025 after H1 2026 repayments of US$113.7M). Converted at ~1.42 USD/CAD (September 30, 2026), that is ~C$657.9M — about 4.1% of the ~C$16.1B market cap (396.4M shares at C$40.66, the September 30, 2026 close) — far under the ~33% ceiling. Gate 2 passes. CIRO halted trading in CGG on October 1, 2026 (pending company contact), so the September 30 close is used.

Gate 3 — Non-compliant income: PASS

Interest income received was US$4.0M in H1 2026 (US$2.5M in Q2), disclosed in the Q2 2026 MD&A investing cash flow section — earned on term deposits. Against H1 2026 revenue of US$914.2M that is about 0.4% — under the 5% ceiling. Gate 3 passes.

Key figures used

Gold/copper miner: CSH gold mine (Inner Mongolia, 96.5%), Jiama copper-gold mine (Tibet, 100%).
H1 2026 revenue US$914.2M (+58%); net profit US$512.1M; record results.
Total debt US$463.3M at June 30, 2026 (H1 repayments US$113.7M).
Market cap ~C$16.1B (396.4M shares at C$40.66, September 30, 2026 close, TSX).
USD/CAD ~1.42 (September 30, 2026) → debt ~C$657.9M.
Debt-to-market-cap ≈4.1% vs ~33% ceiling — PASS.
H1 2026 interest income received US$4.0M (~0.4% of revenue) — income gate PASS.
Dual-listed: TSX: CGG and HKEX: 2099.

Frequently asked questions

Is China Gold International (CGG) halal?

Our October 2026 screen gives China Gold International Resources (CGG) a PASS. The business gate passes: the company operates two mines in China - the CSH gold mine in Inner Mongolia and the Jiama copper-gold mine in Tibet - a permissible segment. The debt gate passes: total debt of US$463.3M at June 30, 2026 converts to ~C$657.9M at the ~1.42 USD/CAD rate, about 4.1% of the ~C$16.1B market cap - far under the ~33% ceiling. The income gate passes: H1 2026 interest income received of US$4.0M is ~0.4% of US$914.2M revenue, under the 5% ceiling. Note: CIRO halted trading in CGG on October 1, 2026 (pending company contact); market data uses the September 30, 2026 close of C$40.66. No Musaffa/Zoya/ShariaPortfolio rating was found.

What business is China Gold International in?

China Gold International Resources Corp. Ltd., headquartered in Vancouver, is a gold and base metal mining company. Its principal operations are the CSH (Chang Shan Hao) gold mine in Inner Mongolia, China (96.5% owned) and the Jiama copper-gold polymetallic mine in Tibet, China (100% owned). H1 2026 produced 72,317 ounces of gold and 78.6 million pounds of copper. Conventional mining is a permissible business segment. It is listed on both the TSX (CGG) and the Hong Kong Stock Exchange (2099).

Does China Gold International pass the debt gate?

Total debt was US$463.3M at June 30, 2026 (per the Q2 2026 MD&A gearing section; down from US$504.9M at December 31, 2025 after H1 2026 repayments of US$113.7M). Converted at ~1.42 USD/CAD (September 30, 2026), that is ~C$657.9M - about 4.1% of the ~C$16.1B market cap (396.4M shares at C$40.66, the September 30, 2026 close) - far under the ~33% ceiling. The debt gate passes. CIRO halted trading in CGG on October 1, 2026 (pending company contact), so the September 30 close is used.

Is China Gold International's income compliant?

Interest income received was US$4.0M in H1 2026 (US$2.5M in Q2), disclosed in the Q2 2026 MD&A investing cash flow section - earned on term deposits. Against H1 2026 revenue of US$914.2M that is about 0.4% - under the 5% ceiling. The income gate passes.

What do Musaffa, Zoya or ShariaPortfolio say about China Gold International?

No Zoya, Musaffa, or ShariaPortfolio rating was found for China Gold International in public search - none of the three named providers surfaced coverage, so no rating is claimed here. This page's PASS result is based on the company's own filings and market data.

Sources

Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.