RIO
Rio Tinto Group
Is RIO Halal?
Mining and industrial materials can be permissible, but environmental, indigenous-rights and end-use concerns remain material despite passing known financial ratios.
What You Should Know
Rio Tinto's December 31, 2025 Form 20-F reports $128,102 million of assets, $21,924 million of borrowings, $8,872 million of cash, $6,837 million of receivables and $57,638 million of revenue. Debt/assets is 17.11%, liquidity/assets is 6.93%, receivables-plus-cash/assets is 12.26% and finance income is 0.81% of revenue; known asset-based ratios pass. Environmental impacts, indigenous-land disputes, commodity mix and customer end uses remain qualitative.
⚠️ Concerns
- •Environmental and indigenous-land impacts require continuing ethical review
- •Commodity and customer end-use mix is broad
- •Finance income is 0.81% of annual revenue on a conservative upper-bound basis
- •No universal prohibited-revenue numerator is disclosed
Current quantitative Sharia screen
Based on 20-F figures for the period ended 2025-12-31; calculated 2026-07-15.
21,924 / 128,102
8,872 / 128,102
15,709 / 128,102
465 / 57,638
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 17.11%, liquidity/assets is 6.93%, receivables-plus-cash/assets is 12.26% and finance income is 0.81% of revenue; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios are below the examined MSCI limits; activity remains qualitative.
- Financial
- Pass
- Overall
- Incomplete
Known debt and liquidity ratios are below the examined Malaysia limits; this is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed and reproducible historical market-cap series is not stored.
Business-activity disclosure
Rio Tinto mines and processes iron ore, copper, aluminium and other minerals. Mining and industrial materials can be permissible under some approaches, while environmental impacts, indigenous-rights disputes, coal exposure and end uses require qualitative review.
Limitation: The Form 20-F does not provide a universal prohibited-revenue numerator by end use, contract or environmental classification.
Purification
Finance income is disclosed, but no scholar-approved purification percentage or complete prohibited-revenue numerator is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from Rio Tinto's December 31, 2025 Form 20-F.
- Borrowings are DKK 21,924 million as presented in the consolidated financial statements; lease liabilities are not added unless separately identified as borrowings.
- Cash and other investments are tracked conservatively as cash of $8,872 million; no separate unrestricted interest-bearing securities balance is added.
- Trade and other receivables are $6,837 million and annual revenue is $57,638 million.
- Finance income of $465 million is used as a conservative upper-bound income numerator.
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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