Is Namib Minerals (NAMM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 2.1% / 30% | 0.4% / 30% | 2.6% / 30% | 0.02% / 5% | ✓ HALAL |
| DJIM | 2.1% / 33% | 0.4% / 33% | 2.6% / 33% | 0.02% / 5% | ✓ HALAL |
| MSCI | 6.9% / 33% | 1.4% / 33% | 8.9% / 33% | 0.02% / 5% | ✓ HALAL |
| S&P | 2.1% / 33% | 0.4% / 33% | 2.6% / 33% | 0.02% / 5% | ✓ HALAL |
| FTSE | 6.9% / 33% | 1.4% / 33% | 8.9% / 50% | 0.02% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 47.6% | |
| Operating Margin | -3.7% | |
| Net Margin | -21.8% | |
| Return on Assets (ROA) | 7.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $19M |
| Free Cash Flow | $9M |
| Total Debt | $4M |
| Current Ratio | 0.1 |
| Total Assets | $51M |
Price & Trading
| Last Close | $2.22 |
| 50-Day MA | $3.05 |
| 200-Day MA | $3.75 |
| Avg Volume | 10.1M |
| Beta | -0.0 |
|
52-Week Range
$0.91
| |
About Namib Minerals (NAMM)
Namib Minerals operates as a gold producer in Africa and Democratic Republic of Congo. The company owns and operates How Mine, Mazowe Mine, and Redwing Mine located in Zimbabwe, Africa. It also holds interest in 13 exploration permits in the Democratic Republic of Congo. The company was incorporated in 2024 and is based in Grand Cayman, Cayman Islands. Namib Minerals operates as a subsidiary of The Southern SelliBen Trust.
Purification Calculator
As a halal stock with 0.02% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Namib Minerals (NAMM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Namib Minerals 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 Namib Minerals's debt ratio?
Namib Minerals's debt ratio is 2.1% 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 6.9%.
Does Namib Minerals require dividend purification?
Yes, Namib Minerals has an impermissible income ratio of 0.02%, which means 0.02% 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 Namib Minerals's key financial metrics?
Namib Minerals has a market capitalization of $123M, and revenue of $86M. The company maintains a gross margin of 47.6% and a net margin of -21.8%.
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.