
Is Centerra Gold (CG) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. Centerra Gold, Inc. (CG) passes all four screens as of September 2026, with a dividend purification factor of 96.9%.
Centerra Gold is a Canadian-based gold mining company that acquires, explores, develops, and operates **gold and copper** assets across North America and Türkiye. Its core operations include the **Mount Milligan** gold-copper mine in British Columbia and the **Öksüt** gold mine in Türkiye, complemented by a pipeline of projects such as **Kemess** in British Columbia and the **Goldfield District** in Nevada, plus a Molybdenum Business Unit with processing capabilities in the United States and Canada. For Muslim investors, though, the most pressing question is simpler: is Centerra Gold a Halal investment?
Is Centerra Gold Shariah compliant?
Extracting and selling oil, gas or materials is a permissible business, so companies like Centerra Gold rarely stumble on the activity screen. The pressure point is capital structure: energy is a capital hungry industry that borrows heavily, and AAOIFI Shariah Standard No. 21 caps interest bearing debt at 30% of market capitalisation, a line that moves as commodity cycles move the share price.
Does Centerra Gold pass the business activity test?
Yes. In the September 2026 screening Centerra Gold holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.
Is Centerra Gold's income Halal?
Yes, within AAOIFI's tolerance. Centerra Gold's income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 96.9% tells holders of CG what share of each dividend to keep and what remainder to donate to charity.
Does Centerra Gold meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has CG re-screened every month, and the result above always shows the latest verdict.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?



