Is McEwen Inc. (MUX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 2.9% / 30% | 1.0% / 30% | 0.3% / 30% | 16.92% / 5% | ✗ NOT HALAL |
| DJIM | 2.9% / 33% | 1.0% / 33% | 0.3% / 33% | 16.92% / 5% | ✗ NOT HALAL |
| MSCI | 6.3% / 33% | 2.2% / 33% | 0.6% / 33% | 16.92% / 5% | ✗ NOT HALAL |
| S&P | 2.9% / 33% | 1.0% / 33% | 0.3% / 33% | 16.92% / 5% | ✗ NOT HALAL |
| FTSE | 6.3% / 33% | 2.2% / 33% | 0.6% / 50% | 16.92% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 33.8% | |
| Operating Margin | -8.9% | |
| Net Margin | 17.4% | |
| Return on Equity (ROE) | 6.6% | |
| Return on Assets (ROA) | -1.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $29M |
| Free Cash Flow | -$14M |
| Total Debt | $42M |
| Debt-to-Equity | 23.5 |
| Current Ratio | 1.7 |
| Total Assets | $665M |
Price & Trading
| Last Close | $18.51 |
| 50-Day MA | $24.47 |
| 200-Day MA | $17.44 |
| Avg Volume | 1.3M |
| Beta | 1.2 |
|
52-Week Range
$6.38
| |
About McEwen Inc. (MUX)
McEwen Inc. engages in the exploration, development, production, and sale of gold and silver deposits in the United States, Canada, Mexico, and Argentina. It also explores for copper deposits. The company owns 100% interests in the Gold Bar gold mine located in Nevada; the Fox Complex that consists of 132 parcels, including patents and leases, and 163 unpatented mining claims totaling 28 square miles in mining rights, as well as 13 square miles in surface rights located in Ontario, Canada; and the Fenix project located in Mexico. It also holds a portfolio of exploration properties in Nevada, Canada, Mexico, and Argentina. The company was formerly known as McEwen Mining Inc. and changed its name to McEwen Inc. in June 2025. McEwen Inc. was incorporated in 1979 and is headquartered in Toronto, Canada.
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Frequently Asked Questions
Is McEwen Inc. (MUX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), McEwen Inc. 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 McEwen Inc.'s debt ratio?
McEwen Inc.'s debt ratio is 2.9% 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 6.3%.
What are McEwen Inc.'s key financial metrics?
McEwen Inc. has a market capitalization of $1.1B, trailing P/E ratio of 32.6. The company maintains a gross margin of 33.8% and a net margin of 17.4%. Return on equity stands at 6.6%.
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.