Is NIOCORP DEVELOPMENTS LTD (NB) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 3.8% / 30% | 0.0% / 30% | N/A | ✓ HALAL |
| DJIM | 0.0% / 33% | 3.8% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| MSCI | 0.3% / 33% | 58.3% / 33% | 0.0% / 33% | N/A | ✗ NOT HALAL |
| S&P | 0.0% / 33% | 3.8% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| FTSE | 0.3% / 33% | 58.3% / 33% | 0.0% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -38.0% | |
| Return on Assets (ROA) | -10.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$11M |
| Free Cash Flow | -$11M |
| Total Debt | $131,000 |
| Debt-to-Equity | 0.1 |
| Current Ratio | 31.5 |
| Total Assets | $44M |
Price & Trading
| Last Close | $4.57 |
| 50-Day MA | $5.65 |
| 200-Day MA | $5.43 |
| Avg Volume | 5.4M |
| Beta | -0.1 |
|
52-Week Range
$1.83
| |
About NIOCORP DEVELOPMENTS LTD (NB)
NioCorp Developments Ltd. engages in the exploration and development of mineral deposits in North America. Its principal mineral property is the Elk Creek niobium, scandium, and titanium project that consists of 227 acres parcel of land and associated mineral rights, and an additional 80 acres of surface rights and 40 acres of mineral rights, as well as an optioned land package that covers an area of 1,272 acres located in Johnson County, southeast Nebraska. The company is also involved in the research and development of aluminum-scandium alloys and other business. The company was formerly known as Quantum Rare Earth Developments Corp. and changed its name to NioCorp Developments Ltd. in March 2013. NioCorp Developments Ltd. was incorporated in 1987 and is headquartered in Centennial, Colorado.
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Frequently Asked Questions
Is NIOCORP DEVELOPMENTS LTD (NB) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NIOCORP DEVELOPMENTS 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 NIOCORP DEVELOPMENTS LTD's debt ratio?
NIOCORP DEVELOPMENTS LTD's debt ratio is 0.0% 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%.
What are NIOCORP DEVELOPMENTS LTD's key financial metrics?
NIOCORP DEVELOPMENTS LTD has a market capitalization of $647M. Return on equity stands at -38.0%.
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.