Is Nine Mile Metals Ltd. NINE stock halal to invest in?

No, as of August 2026, Nine Mile Metals Ltd. stock (NINE) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Nine Mile Metals Ltd. currently does not meet the threshold for the non-permissible income and interest-bearing investments screens. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Nine Mile Metals Ltd. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Nine Mile Metals Ltd. NINE reviewed for Shariah compliance?

Tabadulat reviews Nine Mile Metals Ltd. NINE for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Nine Mile Metals Ltd. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Nine Mile Metals Ltd. NINE pass the AAOIFI Non Permissible Income criteria?

No, as of August 2026, Nine Mile Metals Ltd. stock (NINE) does not pass the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Nine Mile Metals Ltd.'s income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does Nine Mile Metals Ltd. NINE pass the AAOIFI Interest Bearing Investments criteria?

No, as of August 2026, Nine Mile Metals Ltd. stock (NINE) does not pass the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. Nine Mile Metals Ltd.'s interest-bearing investments currently exceed this 30% limit, meaning too large a share of the company's value derives from riba-based instruments for the stock to qualify as halal on this criterion. The ratio moves with both the balance sheet and the share price, and is reassessed monthly.

Does Nine Mile Metals Ltd. NINE pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Nine Mile Metals Ltd. stock (NINE) passes the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. This cap limits shareholders' exposure to interest-based leverage. Nine Mile Metals Ltd.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Nine Mile Metals Ltd. NINE stock?

Nine Mile Metals Ltd. (NINE) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If Nine Mile Metals Ltd. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Nine Mile Metals Ltd. NINE pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Nine Mile Metals Ltd. stock (NINE) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Nine Mile Metals Ltd. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Nine Energy Service, Inc.

NYSE

Shariah-Compliant

Not Shariah

NINE

About

Nine Energy Service, Inc.

NINE

Nine Energy Service Inc. is an oilfield services company that specializes in providing an array of completion services to the oil and gas industry. Its primary function is to support the drilling and extraction activities carried out by energy producers. The company offers solutions that include cementing, wireline, and coiled tubing services, which are essential in the construction and completion of wells to ensure safe and efficient production. Nine Energy Service operates within the upstream segment of the energy sector, substantially impacting exploration and production companies by enhancing well performance and durability. The company serves a diverse clientele base across key onshore oil and gas basins in North America. Nine Energy Service plays a crucial role in optimizing the extraction processes, thereby enabling energy companies to maximize resource recovery and extend well lifespans. Its technical expertise and comprehensive service offerings make it a significant player in the oilfield services market, adapting to the demands of a constantly evolving energy landscape.

Sector:

Energy

Industry:

Oil & Gas Equipment & Services

Employees:

1077

Website:

https://nineenergyservice.com

NINE

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Nine Energy Service, Inc.

About

Nine Energy Service, Inc.

NINE

Frequently asked questions

Is Nine Mile Metals Ltd. NINE stock halal to invest in?

How often is Nine Mile Metals Ltd. NINE reviewed for Shariah compliance?

Does Nine Mile Metals Ltd. NINE pass the AAOIFI Non Permissible Income criteria?

Does Nine Mile Metals Ltd. NINE pass the AAOIFI Interest Bearing Investments criteria?

Does Nine Mile Metals Ltd. NINE pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Nine Mile Metals Ltd. NINE stock?

Does Nine Mile Metals Ltd. NINE pass the AAOIFI Preference Share screen?

Can I buy Nine Mile Metals (NINE) stock on Tabadulat?

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