Is Allied Gold Corp (AAUC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 3.2% / 30% | 5.7% / 30% | 0.9% / 30% | 17.96% / 5% | ✗ NOT HALAL |
| DJIM | 3.2% / 33% | 5.7% / 33% | 0.9% / 33% | 17.96% / 5% | ✗ NOT HALAL |
| MSCI | 9.7% / 33% | 17.0% / 33% | 2.7% / 33% | 17.96% / 5% | ✗ NOT HALAL |
| S&P | 3.2% / 33% | 5.7% / 33% | 0.9% / 33% | 17.96% / 5% | ✗ NOT HALAL |
| FTSE | 9.7% / 33% | 17.0% / 33% | 2.7% / 50% | 17.96% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 39.7% | |
| Operating Margin | 25.8% | |
| Net Margin | -3.6% | |
| Return on Equity (ROE) | 2.6% | |
| Return on Assets (ROA) | 10.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $110M |
| Free Cash Flow | -$84M |
| Total Debt | $128M |
| Debt-to-Equity | 33.1 |
| Current Ratio | 0.7 |
| Total Assets | $1.3B |
Price & Trading
| Last Close | $30.98 |
| 50-Day MA | $31.08 |
| 200-Day MA | $20.48 |
| Avg Volume | 890K |
| Beta | 0.6 |
|
52-Week Range
$8.67
| |
About Allied Gold Corp (AAUC)
Allied Gold Corporation, together with its subsidiaries, explores and produces mineral deposits in Africa. The company primarily explores for gold and silver ores. Its flagship project is the Sadiola gold project, an open pit mine located in the Republic of Mali. The company holds interest in the Bonikro and Hiré mines located in Côte d'Ivoire; the Agbaou mine located in Côte d'Ivoire; and the Kurmuk gold project located in Ethiopia. The company was formerly known as Allied Gold Corp Limited & Allied Merger Corporation and changed its name to Allied Gold Corporation in September 2023. Allied Gold Corporation is based in Toronto, Canada.
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Frequently Asked Questions
Is Allied Gold Corp (AAUC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Allied Gold Corp is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Allied Gold Corp's debt ratio?
Allied Gold Corp's debt ratio is 3.2% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 9.7%.
What are Allied Gold Corp's key financial metrics?
Allied Gold Corp has a market capitalization of $3.9B, and revenue of $730M. The company maintains a gross margin of 39.7% and a net margin of -3.6%. Return on equity stands at 2.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.