Question 1

Is Namib Minerals NAMM stock Halal to invest in?

Accepted Answer

No. As of September 2026, Namib Minerals (NAMM) does not pass AAOIFI Shariah screening because non-permissible income exceeds the permitted limits. AAOIFI Standard No. 21 caps non-permissible income at 5% of revenue, and interest-bearing debt and investments at 30% of market capitalisation each. We re-screen monthly, so the status can change. Check the live verdict in the Tabadulat app.

Question 2

How often is Namib Minerals NAMM reviewed for Shariah compliance?

Accepted Answer

Tabadulat re-screens Namib Minerals (NAMM) every month. Each review applies AAOIFI Shariah Standard No. 21 to the latest financial data: business activity, non-permissible income, interest-bearing investments and debt, and preference shares. Our Shariah Supervisory Board oversees the process. Ratios move with the market, so a verdict can change. App users are alerted if a holding turns non-compliant.

Question 3

Does Namib Minerals NAMM pass the AAOIFI Non Permissible Income criteria?

Accepted Answer

No. In the September 2026 screening, Namib Minerals's income from non-permissible sources is above AAOIFI's 5% revenue ceiling, so this screen currently fails. The screen covers interest, conventional finance, alcohol, gambling and tobacco. We re-check it every month, and the result can change with new financial reports.

Question 4

Does Namib Minerals NAMM pass the AAOIFI Interest Bearing Investments criteria?

Accepted Answer

Yes. Namib Minerals's interest-bearing investments stay below 30% of market capitalisation in the September 2026 screening, inside the AAOIFI limit. This covers conventional deposits, bonds and money-market instruments. The ratio is measured against market capitalisation, so it moves with the share price. That is why we re-screen every month.

Question 5

Does Namib Minerals NAMM pass the AAOIFI Interest Bearing Debt criteria?

Accepted Answer

Yes. Namib Minerals's interest-bearing debt stays below 30% of market capitalisation in the September 2026 screening, inside the AAOIFI limit. The cap limits shareholders' exposure to interest-based leverage. Because market capitalisation changes daily, the ratio can drift without any new borrowing. We re-screen every month.

Question 6

What is the dividend purification factor for Namib Minerals NAMM stock?

Accepted Answer

No purification factor applies to Namib Minerals (NAMM) right now. Factors are published only for stocks that pass AAOIFI screening, and NAMM currently does not. Purification (Tazkiyah) means donating the small impure share of dividend income to charity. If NAMM returns to compliance in a monthly review, its factor is published again.

Question 7

Does Namib Minerals NAMM pass the AAOIFI Preference Share screen?

Accepted Answer

Yes. Namib Minerals has no impermissible preference share structure, so it passes this AAOIFI screen as of September 2026. Preference shares promise holders fixed or priority dividends ahead of ordinary shareholders. That conflicts with the Shariah principle of sharing profit and loss in proportion to ownership. The screen is verified in every monthly review.

Is Namib Minerals (NAMM) stock Halal?

Frequently asked questions

Shariah Compliant in core.

Sheikh Muhammad Ahmad Sultan

Sheikh Dr. Irshad Ahmad Aijaz

Sheikh Dr. Salah Fahad Al Shalhoob

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Is Namib Minerals (NAMM) stock Halal?

Frequently asked questions