Is NG (NG) Halal?
Shariah Screening — 5 Standards
Based on financial data from November 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 3.2% / 30% | 2.2% / 30% | 0.0% / 30% | N/A | ✓ HALAL |
| DJIM | 3.2% / 33% | 2.2% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| MSCI | 49.7% / 33% | 34.3% / 33% | 0.4% / 33% | N/A | ✗ NOT HALAL |
| S&P | 3.2% / 33% | 2.2% / 33% | 0.0% / 33% | N/A | ✓ HALAL |
| FTSE | 49.7% / 33% | 34.3% / 33% | 0.4% / 50% | N/A | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -162.7% | |
| Return on Assets (ROA) | -7.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$14M |
| Free Cash Flow | -$14M |
| Total Debt | $167M |
| Debt-to-Equity | 102.0 |
| Current Ratio | 23.8 |
| Total Assets | $336M |
Price & Trading
| Last Close | $7.73 |
| 50-Day MA | $10.41 |
| 200-Day MA | $8.25 |
| Avg Volume | 4.1M |
| Beta | 2.0 |
|
52-Week Range
$2.26
| |
About NG (NG)
NovaGold Resources Inc. operates in the gold mining industry, focusing on the exploration and development of gold mineral properties in the United States. The company's principal asset owns 60% interest in the Donlin Gold project consisting of 493 mining claims covering an area of approximately 29,008 hectares located in the Kuskokwim and Mt. McKinley Recording Districts. The company was formerly known as NovaCan Mining Resources (1985) Limited and changed its name to NovaGold Resources Inc. in March 1987. NovaGold Resources Inc. was incorporated in 1984 and is based in Vancouver, Canada.
Related Halal Stocks in Basic Materials
Frequently Asked Questions
Is NG (NG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NG 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 NG's debt ratio?
NG's debt ratio is 3.2% 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 49.7%.
What are NG's key financial metrics?
NG has a market capitalization of $3.6B. Return on equity stands at -162.7%.
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.