Is NGD (NGD) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 4.5% / 30% | 1.2% / 30% | 0.3% / 30% | 0.75% / 5% | ✓ HALAL |
| DJIM | 4.5% / 33% | 1.2% / 33% | 0.3% / 33% | 0.75% / 5% | ✓ HALAL |
| MSCI | 19.9% / 33% | 5.5% / 33% | 1.2% / 33% | 0.75% / 5% | ✓ HALAL |
| S&P | 4.5% / 33% | 1.2% / 33% | 0.3% / 33% | 0.75% / 5% | ✓ HALAL |
| FTSE | 19.9% / 33% | 5.5% / 33% | 1.2% / 50% | 0.75% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 63.1% | |
| Operating Margin | 50.2% | |
| Net Margin | 20.1% | |
| Return on Equity (ROE) | 22.3% | |
| Return on Assets (ROA) | 12.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $393M |
| Free Cash Flow | $122M |
| Total Debt | $400M |
| Debt-to-Equity | 32.1 |
| Current Ratio | 0.9 |
| Total Assets | $2.0B |
Price & Trading
| Last Close | $9.47 |
| 50-Day MA | $11.14 |
| 200-Day MA | $7.55 |
| Avg Volume | 17.7M |
| Beta | 1.8 |
|
52-Week Range
$2.90
| |
About NGD (NGD)
New Gold Inc., an intermediate gold mining company, engages in the development and operation of mineral properties in Canada. It primarily explores for gold, silver, and copper deposits. The company's principal operating properties include 100% interest in the Rainy River mine located in Northwestern Ontario, Canada; and New Afton project situated in South-Central British Columbia. New Gold Inc. is headquartered in Toronto, Canada.
Purification Calculator
As a halal stock with 0.75% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is NGD (NGD) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), NGD 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 NGD's debt ratio?
NGD's debt ratio is 4.5% 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 19.9%.
Does NGD require dividend purification?
Yes, NGD has an impermissible income ratio of 0.75%, which means 0.75% 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 NGD's key financial metrics?
NGD has a market capitalization of $7.2B, trailing P/E ratio of 28.4, and revenue of $924M. The company maintains a gross margin of 63.1% and a net margin of 20.1%. Return on equity stands at 22.3%.
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.