Is CMCL (CMCL) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 5.0% / 30% | 0.8% / 30% | 2.6% / 30% | 0.37% / 5% | ✓ HALAL |
| DJIM | 5.0% / 33% | 0.8% / 33% | 2.6% / 33% | 0.37% / 5% | ✓ HALAL |
| MSCI | 7.2% / 33% | 1.2% / 33% | 3.7% / 33% | 0.37% / 5% | ✓ HALAL |
| S&P | 5.0% / 33% | 0.8% / 33% | 2.6% / 33% | 0.37% / 5% | ✓ HALAL |
| FTSE | 7.2% / 33% | 1.2% / 33% | 3.7% / 50% | 0.37% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 60.1% | |
| Operating Margin | 37.1% | |
| Net Margin | 21.7% | |
| Return on Equity (ROE) | 26.1% | |
| Return on Assets (ROA) | 17.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $42M |
| Free Cash Flow | $11M |
| Total Debt | $25M |
| Debt-to-Equity | 11.5 |
| Current Ratio | 1.7 |
| Total Assets | $348M |
Price & Trading
| Last Close | $21.57 |
| 50-Day MA | $27.78 |
| 200-Day MA | $27.09 |
| Avg Volume | 420K |
| Beta | 0.5 |
|
52-Week Range
$10.65
| |
About CMCL (CMCL)
Caledonia Mining Corporation Plc primarily operates a gold mine in Jersey. It also engages in the exploration and development of mineral properties for precious metals. The company holds a 64% interest in the Blanket Mine, a gold mine located in Zimbabwe. It also owns 100% interests in the Maligreen project, a brownfield gold exploration project located in the Gweru mining district in the Zimbabwe Midlands; the Bilboes, a gold deposit located to the north of Bulawayo, Zimbabwe; and the Motapa, a gold exploration property located in Southern Zimbabwe. The company was formerly known as Caledonia Mining Corporation and changed its name to Caledonia Mining Corporation Plc in March 2016. Caledonia Mining Corporation Plc was incorporated in 1992 and is headquartered in Saint Helier, Jersey.
Purification Calculator
As a halal stock with 0.37% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is CMCL (CMCL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), CMCL 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 CMCL's debt ratio?
CMCL's debt ratio is 5.0% 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 7.2%.
Does CMCL require dividend purification?
Yes, CMCL has an impermissible income ratio of 0.37%, which means 0.37% 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 CMCL's key financial metrics?
CMCL has a market capitalization of $430M, trailing P/E ratio of 742.3, and revenue of $183M. The company maintains a gross margin of 60.1% and a net margin of 21.7%. Return on equity stands at 26.1%.
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.