Is DRDGOLD LTD (DRD) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1.0% / 30% | 17.6% / 30% | 12.2% / 30% | 2.5% / 5% | ✓ HALAL |
| DJIM | 1.0% / 33% | 17.6% / 33% | 12.2% / 33% | 2.5% / 5% | ✓ HALAL |
| MSCI | 0.3% / 33% | 5.4% / 33% | 3.7% / 33% | 2.5% / 5% | ✓ HALAL |
| S&P | 1.0% / 33% | 17.6% / 33% | 12.2% / 33% | 2.5% / 5% | ✓ HALAL |
| FTSE | 0.3% / 33% | 5.4% / 33% | 3.7% / 50% | 2.5% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 46.9% | |
| Operating Margin | 46.3% | |
| Net Margin | 35.1% | |
| Return on Equity (ROE) | 34.7% | |
| Return on Assets (ROA) | 20.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $1.8B |
| Free Cash Flow | -$1.1B |
| Total Debt | $29M |
| Debt-to-Equity | 0.1 |
| Current Ratio | 3.0 |
| Total Assets | $9.5B |
Price & Trading
| Last Close | $27.06 |
| 50-Day MA | $33.57 |
| 200-Day MA | $25.63 |
| Avg Volume | 372K |
| Beta | 0.4 |
|
52-Week Range
$12.75
| |
About DRDGOLD LTD (DRD)
DRDGOLD Limited, a gold mining company, engages in the extraction of gold from the retreatment of surface mine tailings in South Africa. It sells gold and silver bullion. It is involved in provision care and maintenance services; produces renewable power; employee home loans; and operation of training center. The company was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004. The company was incorporated in 1895 and is headquartered in Johannesburg, South Africa. DRDGOLD Limited is a subsidiary of Sibanye Gold Limited.
Purification Calculator
As a halal stock with 2.50% impermissible income, you need to purify your dividends.
Related Halal Stocks in Basic Materials
Frequently Asked Questions
Is DRDGOLD LTD (DRD) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), DRDGOLD LTD 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 DRDGOLD LTD's debt ratio?
DRDGOLD LTD's debt ratio is 1.0% 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 0.3%.
Does DRDGOLD LTD require dividend purification?
Yes, DRDGOLD LTD has an impermissible income ratio of 2.50%, which means 2.50% 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 DRDGOLD LTD's key financial metrics?
DRDGOLD LTD has a market capitalization of $2.5B, trailing P/E ratio of 18.5, and revenue of $6.2B. The company maintains a gross margin of 46.9% and a net margin of 35.1%. Return on equity stands at 34.7%.
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.