Is IAMGOLD / IMG Halal?
IAMGOLD Corporation (TSX: IMG) is an intermediate gold producer with operating mines — Côté Gold in Ontario (70%, with Sumitomo), Westwood in Quebec, and Essakane in Burkina Faso (85%) — and Q2 2026 attributable production of 188,100 oz. The business has no verified haram lines — and long-term debt of US$449.3 million is ~4.1% of the ~US$11.05 billion market cap, with interest income of just ~0.26% of revenue. PASS.
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 — passes
IAMGOLD is a Canada-based intermediate gold producer and developer: Côté Gold (Ontario), Westwood (Quebec), and Essakane (Burkina Faso). No verified involvement in weapons/defence, gambling, alcohol, tobacco, pork or adult entertainment was found. Gate one: passes.
Gate two: the ratios — pass comfortably
The debt gate passes. As at June 30, 2026 (in US dollars): 5.75% senior notes of US$449.1 million plus equipment loans of US$0.2 million, for long-term debt of US$449.3 million; the US$850 million revolving credit facility was undrawn. Market cap is about US$11.05 billion (TSX close of C$26.47 on September 29, 2026, at a CAD/USD rate of about 1.42) — putting long-term debt at ~4.1% of market cap, far below the ~33% ceiling. The income gate passes. Note 24 of the Q2 2026 interim financial statements breaks out standalone interest income of US$2.2 million against revenue of US$856.9 million — ~0.26% of revenue, far below the ~5% ceiling. (Interest paid of US$5.7 million is expense-side and is not counted as income.) Gate two: passes.
What other screeners say
No publicly verifiable rating for IMG was found on Zoya, Musaffa, or ShariaPortfolio — their assessments, if any, sit behind apps or APIs and could not be confirmed. No rating is reported here.
The bottom line
This screener gives IAMGOLD Corporation (TSX: IMG) a PASS. Gold mining has no verified haram lines, long-term debt is ~4.1% of market cap, and interest income is ~0.26% of revenue — both far below the ceilings. Snapshot dated September 29, 2026; re-checked quarterly after earnings.
The purification angle: even on a PASS, interest income of ~0.26% of revenue means a small non-compliant share — run the purification calculator to estimate it on any dividends or gains.
Frequently asked questions
Is IAMGOLD stock halal?
This screener gives IAMGOLD Corporation (TSX: IMG) a PASS. The gold miner (Côté Gold in Ontario, Westwood in Quebec, Essakane in Burkina Faso) has no verified haram business lines, and the ratios clear comfortably: long-term debt of US$449.3 million is about 4.1% of the ~US$11.05 billion market cap, and interest income of US$2.2 million is about 0.26% of quarterly revenue.
What are IAMGOLD's debt and market-cap figures?
As at June 30, 2026 (Q2 2026, in US dollars): 5.75% senior notes of US$449.1 million plus equipment loans of US$0.2 million, for long-term debt of US$449.3 million; the US$850 million revolving credit facility was undrawn. Market cap is about US$11.05 billion (TSX close of C$26.47 on September 29, 2026 at a CAD/USD rate of about 1.42). The debt-to-market-cap ratio is about 4.1% — far below the ~33% ceiling.
Does IAMGOLD earn interest income?
A small amount, explicitly disclosed. Note 24 of the Q2 2026 interim financial statements breaks out standalone interest income of US$2.2 million against revenue of US$856.9 million — about 0.26% of revenue, far below the ~5% ceiling. (Interest paid of US$5.7 million is expense-side and is not counted as income.)
Do any third-party screeners cover IAMGOLD?
No publicly verifiable rating for IMG was found on Zoya, Musaffa, or ShariaPortfolio — their assessments, if any, sit behind apps or APIs and could not be confirmed. No rating is reported here.
What could change IAMGOLD's halal screener?
Drawing on the revolving credit facility or issuing new debt for a major expansion could push debt-to-market-cap toward the ~33% ceiling — it sits at ~4.1% today. Interest income rising above roughly 5% of revenue would also change the screen. This screener is a snapshot dated September 29, 2026 and is re-checked quarterly after earnings.