Is B2GOLD CORP (BTG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 8.4% / 30% | 5.4% / 30% | 1.1% / 30% | 0.41% / 5% | ✓ HALAL |
| DJIM | 8.4% / 33% | 5.4% / 33% | 1.1% / 33% | 0.41% / 5% | ✓ HALAL |
| MSCI | 10.2% / 33% | 6.6% / 33% | 1.4% / 33% | 0.41% / 5% | ✓ HALAL |
| S&P | 8.4% / 33% | 5.4% / 33% | 1.1% / 33% | 0.41% / 5% | ✓ HALAL |
| FTSE | 10.2% / 33% | 6.6% / 33% | 1.4% / 50% | 0.41% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 64.4% | |
| Operating Margin | 40.5% | |
| Net Margin | 13.1% | |
| Return on Equity (ROE) | 12.8% | |
| Return on Assets (ROA) | 13.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $896M |
| Free Cash Flow | $896M |
| Total Debt | $598M |
| Debt-to-Equity | 16.4 |
| Current Ratio | 1.1 |
| Total Assets | $5.9B |
Price & Trading
| Last Close | $4.09 |
| 50-Day MA | $5.13 |
| 200-Day MA | $4.47 |
| Avg Volume | 39.9M |
| Beta | 1.2 |
|
52-Week Range
$2.53
| |
About B2GOLD CORP (BTG)
B2Gold Corp. operates as a gold producer company in Canada. The company operates the Fekola Mine in Mali; the Masbate Mine in the Philippines; the Otjikoto Mine in Namibia; the Goose Mine in Canada. It also owns 100% interest in the Gramalote gold project in Colombia. In addition, the company has a portfolio of other evaluation and exploration assets in Mali, Canada and Finland. The company was incorporated in 2006 and is headquartered in Vancouver, Canada.
Purification Calculator
As a halal stock with 0.41% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is B2GOLD CORP (BTG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), B2GOLD CORP is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is B2GOLD CORP's debt ratio?
B2GOLD CORP's debt ratio is 8.4% 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 10.2%.
Does B2GOLD CORP require dividend purification?
Yes, B2GOLD CORP has an impermissible income ratio of 0.41%, which means 0.41% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are B2GOLD CORP's key financial metrics?
B2GOLD CORP has a market capitalization of $5.7B, trailing P/E ratio of 15.2, and revenue of $3.1B. The company maintains a gross margin of 64.4% and a net margin of 13.1%. Return on equity stands at 12.8%.
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.