BHP
BHP Group
Is BHP Halal?
Mining and materials can be permissible and the known financial ratios pass, but coal, petroleum, environmental and indigenous-rights issues require continuing qualitative review.
What You Should Know
BHP's June 30, 2025 Form 20-F reports USD 108,790 million of assets, USD 21,543 million of borrowings, USD 11,894 million of cash, USD 4,253 million of receivables and USD 51,262 million of revenue. Debt/assets is 19.80%, liquidity/assets is 10.93%, receivables plus cash/assets is 14.84% and finance income is 1.29% of revenue. Mining, coal, petroleum and customer end-use mix are not reduced to a universal prohibited-revenue numerator.
⚠️ Concerns
- •Coal and petroleum exposure
- •Environmental remediation and climate impacts
- •Indigenous rights and community relationships
- •Commodity and customer end-use mix
- •No universal prohibited-revenue numerator is disclosed
Current quantitative Sharia screen
Based on 20-F figures for the period ended 2025-06-30; calculated 2026-07-15.
21,543 / 108,790
11,894 / 108,790
16,147 / 108,790
660 / 51,262
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 19.80%, liquidity/assets is 10.93%, receivables-plus-cash/assets is 14.84% and finance income is 1.29% of revenue; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known asset-based ratios are below the examined MSCI limits; mining, petroleum, coal and environmental activity remains qualitative.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets pass the examined ratios; this is a ZakatInvest calculation, not an official SAC classification.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
BHP mines copper, iron ore, potash and metallurgical coal and has petroleum interests. Mining and materials can be permissible, while coal, petroleum, environmental stewardship, indigenous rights and end uses require qualitative review.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator across commodities, petroleum interests and customer end uses.
Purification
Finance income is disclosed but no scholar-approved prohibited-income percentage or universal activity numerator is provided.
Inputs, assumptions and primary sources
- Amounts are USD millions from BHP's fiscal 2025 Form 20-F for the year ended June 30, 2025.
- Borrowings of USD 21,543 million are used as tracked interest-bearing debt; lease liabilities are excluded.
- Cash is USD 11,894 million and no separately identifiable current interest-bearing securities balance was inferred, so securities are conservatively recorded as zero.
- Trade and other receivables are USD 4,253 million, revenue is USD 51,262 million and finance income is USD 660 million.
- Mining, petroleum and coal operations can require school-specific activity and environmental review; no universal prohibited-revenue numerator is disclosed.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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