NYSE Shariah screener · October 2026

Is Newmont Corporation (NEM) Halal?

PASS

Newmont Corporation · NYSE: NEM · Materials

The short answer

Yes — Newmont Corporation (NEM) passes this Shariah stock screen. The Denver, Colorado company is a global gold miner (gold about 85% of FY2025 sales of $22,669M, plus copper 6%, silver 5%, zinc 3% and lead 1%) — all metals/mining activity, with no haram business segments disclosed in its FY2025 10-K. The financial ratios pass: the Q2 2026 10-Q reports interest-bearing debt of $5,083M (4.21% of its ~$120.9B market cap, October 1, 2026, financecharts), below the ~33% ceiling, and FY2025 interest income of $214M is 0.94% of revenue, below the 5% ceiling. ShariaPortfolio rates NEM Shariah compliant (passes 5/5 of its Shariah standards); Zoya covers NEM but its public rating text is contradictory (inconclusive). This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

Gate 1 — Business activity: PASS

Newmont Corporation (NYSE: NEM), incorporated in 1921 and headquartered in Denver, Colorado, is a global mining company primarily focused on gold production, with significant operations and/or assets in the United States, Papua New Guinea, Australia, Ghana, Suriname, Argentina, the Dominican Republic, Chile, Peru, Ecuador, Mexico and Canada. It is also engaged in the production of copper, silver, lead and zinc. At December 31, 2025, Newmont reported attributable proven and probable gold reserves of 118.2 million ounces. FY2025 sales were $22,669M, of which gold was about 85%, with copper 6%, silver 5%, zinc 3% and lead 1% of sales (10-K consolidated co-product table). Business-screen implication (factual): all activity is metals/mining; the filings disclose no alcohol, gambling, conventional finance, pork, weapons or tobacco revenue — no haram segments. Gate 1 passes. Facts only.

Gate 2 — Debt and cash: PASS

Per Newmont's Q2 2026 10-Q (filed July 23, 2026; SEC CIK 0001164727), the condensed consolidated balance sheet as of June 30, 2026 reports a Debt line of $5,083M. The MD&A states total consolidated indebtedness was approximately $5,598M, including $515M of lease and other financing obligations. Against a market cap of about $120.9B (financecharts, October 1, 2026 close at $114.67), debt ÷ market cap is 4.21% on interest-bearing debt ($5,083M) — below the ~33% ceiling (4.63% including the $515M of leases). Cash and cash equivalents of $7,647M at June 30, 2026 are about 6.33% of market cap, also below 33%. The debt gate passes. Facts only.

Gate 3 — Non-compliant income: PASS

Newmont's FY2025 10-K (filed February 19, 2026; SEC CIK 0001164727), Note 9 (Other income (loss), net), reports 'Interest income' of $214M against FY2025 sales of $22,669M — about 0.94% of revenue, below the 5% non-compliant income ceiling. FY2025 interest expense was $229M. This is the broadest verifiable interest income line from primary filings, and Zoya's own NEM page cites this same $214M figure and computes 0.97% against its $22,097M revenue total. The income gate passes. Facts only.

Key figures used

Business: Newmont Corporation (incorporated 1921, Denver CO) — global gold miner (gold ~85% of sales); copper 6%, silver 5%, zinc 3%, lead 1%; 118.2M oz attributable proven and probable gold reserves at Dec 31, 2025; no haram segments disclosed
FY2025 sales $22,669M (10-K filed Feb 19, 2026; SEC CIK 0001164727); Q2 2026 sales $6,118M
Debt: $5,083M interest-bearing (Debt line, Q2 2026 10-Q at Jun 30, 2026); ~$5,598M total consolidated indebtedness incl. $515M leases; debt ÷ market cap = 4.21% (4.63% incl. leases) of ~$120.9B, under the ~33% ceiling
Market cap ~$120.9B (financecharts, Oct 1, 2026 close $114.67, NYSE: NEM); Finnhub live quote shows $123.5B the same day
Cash & securities: $7,647M cash and cash equivalents at Jun 30, 2026 ≈ 6.33% of market cap
Interest income: $214M vs FY2025 sales $22,669M = 0.94%, under the 5% ceiling; interest expense $229M
Zoya: NEM page exists (FY2025 interest income $214M, 0.97%) but rating text contradictory — inconclusive; Musaffa: no NEM page found; ShariaPortfolio: NEM "Shariah Compliant... passes 5/5 Shariah standards"

Frequently asked questions

What does Newmont do?

Newmont Corporation (NYSE: NEM), incorporated in 1921 and headquartered in Denver, Colorado, is a global mining company primarily focused on gold production, with significant operations and/or assets in the United States, Papua New Guinea, Australia, Ghana, Suriname, Argentina, the Dominican Republic, Chile, Peru, Ecuador, Mexico and Canada. It is also engaged in the production of copper, silver, lead and zinc. At December 31, 2025, Newmont reported attributable proven and probable gold reserves of 118.2 million ounces. The 10-K (Form 10-K, filed February 19, 2026; SEC CIK 0001164727) reports FY2025 sales of $22,669M, with gold about 85% of sales and copper 6%, silver 5%, zinc 3% and lead 1% — all metals/mining activity with no haram segments disclosed.

Why does NEM pass this Shariah stock screen?

NEM passes this Shariah stock screen at all three gates. Gate 1 (business activities): gold, copper, silver, zinc and lead mining is metals/mining activity — the FY2025 10-K discloses no alcohol, gambling, conventional finance, pork, weapons or tobacco revenue. Gate 2 (debt): the Q2 2026 10-Q (filed July 23, 2026) reports interest-bearing debt of $5,083M, which is 4.21% of its ~$120.9B market cap (financecharts, October 1, 2026) against the ~33% ceiling. Gate 3 (interest income): FY2025 interest income of $214M is 0.94% of $22,669M sales, under the 5% ceiling. This is a factual screen, not a religious ruling — consult a qualified scholar for personal rulings.

What is NEM's interest-bearing debt ratio?

Per Newmont's Q2 2026 10-Q (filed July 23, 2026; SEC CIK 0001164727), the condensed consolidated balance sheet as of June 30, 2026 reports a Debt line of $5,083M. The MD&A states total consolidated indebtedness was approximately $5,598M, including $515M of lease and other financing obligations. Against a market cap of about $120.9B (financecharts, October 1, 2026), debt ÷ market cap is 4.21% on interest-bearing debt ($5,083M) — below the ~33% ceiling (4.63% including leases). Cash and cash equivalents of $7,647M at June 30, 2026 are about 6.33% of market cap, also below 33%. The debt gate passes.

What is NEM's non-compliant income ratio?

Newmont's FY2025 10-K (filed February 19, 2026; SEC CIK 0001164727), Note 9 (Other income (loss), net), reports 'Interest income' of $214M against FY2025 sales of $22,669M — about 0.94% of revenue, below the 5% non-compliant income ceiling. FY2025 interest expense was $229M. Zoya's own NEM page cites this same $214M figure and computes 0.97% against its $22,097M revenue total. The income gate passes.

Do Zoya, Musaffa, or ShariaPortfolio cover NEM?

Zoya covers NEM (zoya.finance/stocks/nem) and cites the same $214M FY2025 interest income (0.97% of its $22,097M revenue total), but its public page renders contradictory auto-generated template text (simultaneously describing NEM as Shariah-compliant/halal and not), so no clean Zoya rating is retrievable — reported as inconclusive. Musaffa: no NEM page was found via public search — no coverage found. ShariaPortfolio: covers NEM and states 'Newmont Corporation is Shariah Compliant. It passes 5/5 Shariah standards we screen against.' All honestly reported as found, not invented. This page applies the screen directly from Newmont's own filings.

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.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).