Is Coeur Mining (CDE) halal?

Coeur Mining, Inc. (CDE) is a Chicago-based gold-and-silver miner whose ratio math clears both AAOIFI-style ceilings by a wide margin — and both Zoya and ShariaPortfolio rate it Shariah-compliant.

The two-gate Shariah screen

Every screener on this site runs the same two gates: first, the business must be halal (no conventional insurance, banking, alcohol, gambling, weapons manufacturing, and the like); second, the financial ratios must clear (debt under roughly 33% of market cap, non-compliant income under roughly 5%).

Gate one: the business — no haram lines identified

Coeur Mining operates seven wholly-owned precious-metals mines across North America: New Afton (British Columbia, gold-copper), Rainy River (Ontario, gold-silver), Las Chispas (Sonora, Mexico, silver-gold), Palmarejo (Chihuahua, Mexico, gold-silver), Rochester (Nevada, silver-gold), Kensington (Alaska, gold), and Wharf (South Dakota, gold), plus the Silvertip polymetallic exploration project in British Columbia (Q2 2026 results, August 5, 2026). Q2 2026 revenue was 64% gold, 30% silver, and 6% copper. The company acquired New Gold in March 2026 (~392.7 million Coeur shares issued, ~US$6.9 billion implied equity value), adding New Afton and Rainy River; Q2 2026 was the first full quarter reflecting the combination. The filings disclose no alcohol, gambling, conventional finance, pork, tobacco, or adult-entertainment operations, and no metals-streaming contracts; metals are sold via off-take agreements, and no commodity hedging was disclosed in the Q2 2026 release.

Gate two: the ratios — both ceilings clear by a wide margin

At June 30, 2026 (Q2 2026 results, US$ thousands): total debt of US$705.291 million — about US$291.2 million of 2029 senior notes, US$396.6 million of new 2032 senior notes, and US$13.7 million of New Gold 2032 notes; the US$1 billion revolving credit facility was undrawn. Cash, cash equivalents, and short-term investments were US$1,052.274 million — a net-cash position of US$347.0 million. With 1.028 billion shares outstanding at the September 29, 2026 quote of US$17.87, market cap is about US$19.8 billion, so debt-to-market-cap is about 3.6% — far under the ~33% ceiling. Interest income of US$4.661 million (Q2 2026 adjusted-EBITDA reconciliation) against total revenue of US$1,085.6 million is about 0.43%, well under the ~5% ceiling; over the last twelve months the share was about 0.34%. Shareholders may wish to purify the small interest-income component of any dividend (Coeur paid its inaugural US$0.02 semiannual dividend in June 2026).

What other screeners say

Zoya rates CDE Shariah-compliant under AAOIFI guidelines (stock page last updated September 2026). ShariaPortfolio's screener states that Coeur Mining 'is Shariah Compliant. It passes 5/5 Shariah standards we screen against.' We could not verify any Musaffa rating for CDE — no Musaffa stock page for the ticker surfaced in site-scoped or general searches, and no rating is claimed here. Separately, the Tabadulat AAOIFI screener also rates CDE Shariah-compliant as of September 2026.

The bottom line

This screener gives Coeur Mining, Inc. (CDE) a PASS. The business is pure precious-metals mining with no haram segments disclosed, the ratio math clears both ceilings by a wide margin — about 3.6% debt-to-market-cap and about 0.43% interest income of revenue — and two of the three major screeners agree. Snapshot dated September 29, 2026; re-checked quarterly after earnings.

Sources

Frequently asked questions

Is Coeur Mining stock halal?

Yes — Coeur Mining, Inc. (CDE) passes both AAOIFI-style ratio gates on our inputs: about 3.6% debt-to-market-cap and about 0.43% interest income of revenue in Q2 2026, with a pure precious-metals mining business and no haram segments disclosed. Zoya and ShariaPortfolio both rate CDE Shariah-compliant as of September 2026. We could not verify any Musaffa rating for CDE. As always, consult a qualified scholar for a personal ruling.

What are Coeur Mining's debt and market-cap figures?

At June 30, 2026 (Q2 2026 results): total debt of US$705.3 million (about US$291.2 million 2029 senior notes, US$396.6 million 2032 senior notes, and US$13.7 million of New Gold 2032 notes; the US$1 billion revolving credit facility was undrawn). Cash, equivalents, and short-term investments were US$1,052.3 million — the company is in a net-cash position of US$347.0 million. Market cap is about US$19.8 billion (US$17.87, September 29, 2026 quote × 1.028 billion shares outstanding). Debt-to-market-cap is about 3.6% — far under the ~33% ceiling.

How much interest income does Coeur Mining earn?

In Q2 2026 (three months ended June 30, 2026), Coeur disclosed interest income of US$4.661 million against total revenue of US$1,085.6 million — about 0.43%, well under the roughly 5% ceiling. Over the last twelve months, interest income was about US$10.9 million against US$3,171.2 million of revenue (about 0.34%). Shareholders may wish to purify the small interest-income component of any dividend.

What does Coeur Mining do?

Coeur Mining is a precious-metals mining company with seven wholly-owned mines across North America: New Afton and Rainy River (Canada), Las Chispas and Palmarejo (Mexico), Rochester, Kensington, and Wharf (US), plus the Silvertip exploration project in British Columbia. Q2 2026 revenue was 64% gold, 30% silver, and 6% copper. The company acquired New Gold in March 2026, adding New Afton and Rainy River. The filings disclose no alcohol, gambling, conventional finance, pork, tobacco, or adult-entertainment operations, and no metals-streaming contracts.

What do Zoya, Musaffa, and ShariaPortfolio say about CDE?

Zoya rates CDE Shariah-compliant (AAOIFI guidelines, page last updated September 2026). ShariaPortfolio's screener states Coeur Mining 'is Shariah Compliant. It passes 5/5 Shariah standards we screen against.' We could not verify any Musaffa rating for CDE — no Musaffa stock page for the ticker surfaced in searches. Separately, the Tabadulat AAOIFI screener also rates CDE Shariah-compliant as of September 2026.