Is Coeur Mining (CDE) stock Halal?

Coeur Mining is a North American-focused mining company that primarily discovers, develops, and operates precious metal properties. Its main function is to extract resources such as silver and gold, contributing significantly to the global supply of these metals. Coeur Mining is recognized for operating several mines, including the Palmarejo complex in Mexico, the Rochester mine in Nevada, the Kensington mine in Alaska, and the Wharf mine in South Dakota. For Muslim investors, though, the most pressing question is simpler: is Coeur Mining a Halal investment?

Is Coeur Mining Shariah compliant?

Yes. In the October 2026 screening Coeur Mining (CDE) 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 Coeur Mining 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 Coeur Mining pass the business activity test?

Yes. In the October 2026 screening Coeur Mining 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 Coeur Mining's income Halal?

Yes, within AAOIFI's tolerance. Coeur Mining'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 99.08% tells holders of CDE what share of each dividend to keep and what remainder to donate to charity. On a dividend yield of around 0.11%, the purification amount is modest but real.

Does Coeur Mining 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 $18.1B (market data as of 1 October 2026). Because the caps move with the share price, our Shariah Supervisory Board has CDE re-screened every month, and the result above always shows the latest verdict.

Why do other halal screeners show a different verdict for Coeur Mining?

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?