Is HARMONY GOLD MINING CO LTD (HMY) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 18.8% / 30% | 38.4% / 30% | 18.4% / 30% | 1.12% / 5% | ✗ NOT HALAL |
| DJIM | 18.8% / 33% | 38.4% / 33% | 18.4% / 33% | 1.12% / 5% | ✗ NOT HALAL |
| MSCI | 3.8% / 33% | 7.8% / 33% | 3.7% / 33% | 1.12% / 5% | ✓ HALAL |
| S&P | 18.8% / 33% | 38.4% / 33% | 18.4% / 33% | 1.12% / 5% | ✗ NOT HALAL |
| FTSE | 3.8% / 33% | 7.8% / 33% | 3.7% / 50% | 1.12% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 43.5% | |
| Operating Margin | 33.3% | |
| Net Margin | 20.1% | |
| Return on Equity (ROE) | 33.5% | |
| Return on Assets (ROA) | 17.3% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $15.7B |
| Free Cash Flow | $7.3B |
| Total Debt | $2.3B |
| Debt-to-Equity | 25.5 |
| Current Ratio | 0.5 |
| Total Assets | $60.5B |
Price & Trading
| Last Close | $13.94 |
| 50-Day MA | $19.74 |
| 200-Day MA | $17.61 |
| Avg Volume | 5.1M |
| Beta | 0.6 |
|
52-Week Range
$12.57
| |
About HARMONY GOLD MINING CO LTD (HMY)
Harmony Gold Mining Company Limited engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australia. The company explores for gold, uranium, silver, and copper deposits. It has nine underground operations in the Witwatersrand Basin; the Kraaipan Greenstone Belt; and various surface source operations in South Africa. In addition, the company owns interests in the Hidden Valley, an open-pit gold and silver mine; and the Wafi-Golpu project located in Morobe Province in Papua New Guinea. Further, it holds interest in Eva Copper Project located in Queensland, Australia. Harmony Gold Mining Company Limited was incorporated in 1950 and is based in Randfontein, South Africa.
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Frequently Asked Questions
Is HARMONY GOLD MINING CO LTD (HMY) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), HARMONY GOLD MINING CO LTD 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 HARMONY GOLD MINING CO LTD's debt ratio?
HARMONY GOLD MINING CO LTD's debt ratio is 18.8% 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 3.8%.
What are HARMONY GOLD MINING CO LTD's key financial metrics?
HARMONY GOLD MINING CO LTD has a market capitalization of $9.1B, trailing P/E ratio of 9.5. The company maintains a gross margin of 43.5% and a net margin of 20.1%. Return on equity stands at 33.5%.
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.