EGO
Eldorado Gold Corporation
Is EGO Halal?
Gold mining in Turkey, Canada, Greece — permissible.
What You Should Know
Low-cost producer with strong operational track record. Its March 31, 2026 Q1 filing reports $6,700.028 million of assets, $1,244.078 million of conservative debt and leases, $629.724 million of cash, $231.552 million of receivables and $544.261 million of quarterly revenue. Debt/assets is 18.57%, liquidity/assets is 9.40%, receivables-plus-cash/assets is 12.85% and disclosed interest income is 0.0014% of revenue; financial screens pass while activity allocation remains qualitative. Focuses on shareholder returns.
⚠️ Concerns
- •Turkey geopolitical risk
- •Mining and reclamation exposure
Current quantitative Sharia screen
Based on 6-K figures for the period ended 2026-03-31; calculated 2026-07-15.
1,244.078 / 6,700.028
629.724 / 6,700.028
861.276 / 6,700.028
0.008 / 544.261
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 18.57%, liquidity/assets is 9.40%, receivables-plus-cash/assets is 12.85% and disclosed interest income is 0.0014%; examined financial ratios pass, but activity allocation remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables-plus-cash are below the examined total-assets limits; activity allocation remains incomplete. This is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and identifiable conventional cash are below the examined Malaysia limits; activity allocation remains incomplete.
- 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
Eldorado operates gold and silver mines in Canada, Türkiye and Greece. Precious-metals extraction is retained as generally permissible, while jurisdiction, environmental obligations and silver allocation require qualified review.
Limitation: The filing does not provide a universal prohibited-revenue numerator across metals, jurisdictions and mining contracts.
Purification
Eldorado discloses $0.007694 million of interest income, but no scholar-approved purification percentage is asserted for the operating business.
Inputs, assumptions and primary sources
- Amounts are USD millions from Eldorado Gold's March 31, 2026 Q1 financial statements filed with its Form 6-K.
- Conservative debt includes $1,230.778 million current and non-current debt plus $13.300 million current and non-current lease liabilities.
- Cash and cash equivalents are $629.724 million and accounts receivable and other are $231.552 million. No interest-bearing securities numerator is separately identified.
- Quarterly revenue from contracts with customers is $544.261 million and disclosed interest income is $0.007694 million, or 0.0014% of revenue.
- Gold and silver mining is retained as generally permissible qualitative activity, while jurisdiction, environmental, reclamation and by-product allocation require review.
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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