IAG
IAMGOLD Corporation
Is IAG Halal?
Gold mining — halal with ESG commitments.
What You Should Know
Operates in North America and West Africa. Its March 31, 2026 Q1 filing reports $5,993.0 million of assets, $651.0 million of conservative debt and leases, $550.2 million of cash, $59.4 million of receivables and $1,030.1 million of quarterly revenue. Debt/assets is 10.86%, liquidity/assets is 9.18%, receivables-plus-cash/assets is 10.17% and disclosed interest income is 0.31% of revenue; financial screens pass while activity allocation remains qualitative. Focus on Côté Gold project. ESG and community development programs.
⚠️ Concerns
- •Development execution risk
- •West African and reclamation exposure
Current quantitative Sharia screen
Based on 6-K figures for the period ended 2026-03-31; calculated 2026-07-15.
651 / 5,993
550.2 / 5,993
609.6 / 5,993
3.2 / 1,030.1
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 10.86%, liquidity/assets is 9.18%, receivables-plus-cash/assets is 10.17% and disclosed interest income is 0.31%; 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
IAMGOLD operates gold mines and exploration projects in Canada and West Africa. Gold extraction is retained as generally permissible, while jurisdiction, environmental obligations and non-gold by-product allocation require qualified review.
Limitation: The filing does not provide a universal prohibited-revenue numerator across metals, jurisdictions and mining contracts.
Purification
IAMGOLD discloses $3.2 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 IAMGOLD's March 31, 2026 Q1 financial statements filed with its Form 6-K.
- Conservative debt includes $549.2 million current and non-current long-term debt plus $101.8 million current and non-current lease liabilities.
- Cash and cash equivalents are $550.2 million and receivables and other current assets are $59.4 million. Government investments are not counted as interest-bearing securities.
- Quarterly revenues are $1,030.1 million and disclosed interest income is $3.2 million, or 0.31% of revenue.
- Gold 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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