KGC
Kinross Gold Corporation
Is KGC Halal?
Mid-tier gold producer — halal mining business.
What You Should Know
Gold mining in Americas and Africa. Its March 31, 2026 Q1 filing reports $12,883.8 million of assets, $738.5 million of long-term debt, $2,185.0 million of cash, $129.0 million of receivables plus prepaid assets and $2,407.7 million of quarterly revenue. Debt/assets is 5.73%, liquidity/assets is 16.96%, receivables-plus-cash/assets is 17.96% and disclosed finance income is 0.64% of revenue; activity allocation remains qualitative. Low operating costs.
⚠️ Concerns
- •Political risk in some jurisdictions
- •Mining and reclamation exposure
Current quantitative Sharia screen
Based on 6-K figures for the period ended 2026-03-31; calculated 2026-07-15.
738.5 / 12,883.8
2,185 / 12,883.8
2,314 / 12,883.8
15.4 / 2,407.7
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 5.73%, liquidity/assets is 16.96%, receivables-plus-cash/assets is 17.96% and disclosed finance income is 0.64%; 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
Kinross operates gold mines with silver and other by-products. Precious-metals extraction is generally permissible in the retained qualitative analysis, while jurisdiction, environmental obligations and by-product allocation require qualified review.
Limitation: The filing does not provide a universal prohibited-revenue numerator across metals, jurisdictions and mining contracts.
Purification
Kinross discloses $15.4 million of finance income, but no scholar-approved purification percentage is asserted for the operating business.
Inputs, assumptions and primary sources
- Amounts are USD millions from Kinross Gold's March 31, 2026 Q1 financial statements filed with its Form 6-K.
- Long-term debt is $738.5 million; the filing's current-liability presentation does not identify additional interest-bearing borrowing.
- Cash and cash equivalents are $2,185.0 million and accounts receivable plus prepaid assets are $129.0 million. No interest-bearing securities numerator is separately identified.
- Quarterly revenue is $2,407.7 million and disclosed finance income is $15.4 million, or 0.64% 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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