
Is U.S. Gold (USAU) stock Halal?
As of the September 2026 screening, U.S. Gold Corp. (USAU) does not meet the AAOIFI Shariah Standard No. 21 threshold for the non-permissible income screen, so the stock is not currently classified as Shariah compliant. It is re-screened every month and can regain compliance if its financial structure changes.
U.S. Gold is a prominent player in the precious metals mining industry, focusing on the exploration and development of gold mining projects within the United States. The company primarily targets substantial deposits, aiming to optimize extraction and exploration processes to capitalize on the lucrative gold market. Its notable project, the Copper King project in Wyoming, highlights U.S. Gold Corp.'s strategic intent to explore regions that hold significant promise for gold and copper resources. For Muslim investors, though, the most pressing question is simpler: is U.S. Gold a Halal investment?
Is U.S. Gold Shariah compliant?
Extracting and selling oil, gas or materials is a permissible business, so companies like U.S. 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 U.S. Gold pass the business activity test?
The activity screen is only part of the picture this month: U.S. Gold currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.
Is U.S. Gold's income Halal?
No. U.S. Gold's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does U.S. 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 USAU 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?



