Is Centerra Gold (CG) stock Halal?

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?

Yes. In the October 2026 screening Centerra Gold (CG) passes AAOIFI Shariah Standard No. 21: the business activity screen and every financial ratio screen hold. 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 October 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 October 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. On a dividend yield of around 0.90%, the purification amount is modest but real.

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, measured against a market capitalisation of CA$6.15B (market data as of 1 October 2026). 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.

Why do other halal screeners show a different verdict for Centerra Gold?

Screeners can disagree without either being wrong. AAOIFI Shariah Standard No. 21, which Tabadulat applies, measures interest bearing debt and investments against market capitalisation with a 30% ceiling. MSCI and FTSE measure them against total assets with a 33% ceiling, and S&P and Dow Jones Islamic use a multi year average of market capitalisation. Data dates differ too, because each provider reads filings and prices on its own schedule. The same company can therefore pass one standard and fail another in the same month. Tabadulat publishes one answer, the AAOIFI result as of October 2026, and re-screens it every month.

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 screening method? Read AAOIFI Standards Explained: What Makes a Stock Halal?