Is Southern Copper Corp. SCCO stock halal to invest in?

Yes, as of August 2026, Southern Copper Corp. stock (SCCO) is 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. Southern Copper Corp. currently passes all four AAOIFI financial screens: non-permissible income remains below 5% of total revenue, interest-bearing investments and interest-bearing debt each remain below 30% of market capitalisation, and the company has no impermissible preference share structure. The stock's current purification factor is 98.92%. Compliance is reassessed every month as updated screening data arrives, and a stock's status can change when new financial reports are released. You can always check the current status of Southern Copper Corp. and explore other Shariah compliant stocks in the Tabadulat app.

How often is Southern Copper Corp. SCCO reviewed for Shariah compliance?

Tabadulat reviews Southern Copper Corp. SCCO 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 Southern Copper Corp. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Southern Copper Corp. SCCO pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Southern Copper Corp. stock (SCCO) passes 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. Southern Copper Corp.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Southern Copper Corp. SCCO pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Southern Copper Corp. stock (SCCO) passes 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. This limit ensures shareholders are not materially profiting from riba (interest). Southern Copper Corp.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Southern Copper Corp. SCCO pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Southern Copper Corp. stock (SCCO) 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. Southern Copper Corp.'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 Southern Copper Corp. SCCO stock?

As of August 2026, the dividend purification factor for Southern Copper Corp. (SCCO) is 98.92%. Purification (tazkiyah) is the practice of donating to charity the portion of dividend income attributable to incidental non-permissible sources, typically interest earned on a company's cash, and AAOIFI methodology requires it even for fully compliant stocks. The purification factor is the figure halal investors use to work out that donation on Southern Copper Corp. dividends. It is recalculated with each monthly screening as new financial data arrives, and the Tabadulat app can help you calculate and track purification across your whole portfolio.

Does Southern Copper Corp. SCCO pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Southern Copper Corp. stock (SCCO) 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. Southern Copper Corp. 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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Southern Copper Corp.

NYSE

Shariah-Compliant

Not Shariah

SCCO

About

Southern Copper Corp.

SCCO

Southern Copper Corporation is a leading integrated copper producer with exploration, mining, smelting, and refining operations. Boasting a significant presence in Peru and Mexico, the company is engaged in the extraction and production of copper, along with by-products such as molybdenum, silver, and zinc. Southern Copper's primary function is to supply raw materials critical for numerous sectors, especially construction, electronics, and renewable energy industries, where copper's conductivity and ductility are essential. Known for its large-scale mining operations and robust production capabilities, Southern Copper plays a crucial role in the global mining landscape. It provides significant contributions to the supply chain, meeting the increasing demand for copper driven by technological advancements and infrastructure projects worldwide. Based in Phoenix, Arizona, Southern Copper Corporation also underscores environmental management as part of its operational focus, aligning with global sustainability trends. The company is a pivotal player in delivering metal commodities that support economic development and technological progress on a global scale.

Sector:

Basic Materials

Industry:

Copper

Employees:

16133

Website:

https://www.southerncoppercorp.com

SCCO

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Southern Copper Corp.

About

Southern Copper Corp.

SCCO

Frequently asked questions

Is Southern Copper Corp. SCCO stock halal to invest in?

How often is Southern Copper Corp. SCCO reviewed for Shariah compliance?

Does Southern Copper Corp. SCCO pass the AAOIFI Non Permissible Income criteria?

Does Southern Copper Corp. SCCO pass the AAOIFI Interest Bearing Investments criteria?

Does Southern Copper Corp. SCCO pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Southern Copper Corp. SCCO stock?

Does Southern Copper Corp. SCCO pass the AAOIFI Preference Share screen?

How do I buy Southern Copper (SCCO) stock?

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