SCCO
Southern Copper Corp.
Is SCCO Halal?
Copper, molybdenum and silver mining are generally permissible; the latest known asset-based ratios pass while environmental and community issues remain qualitative.
What You Should Know
Southern Copper's March 31, 2026 Form 10-Q reports $21,929.9 million of assets, $6,751.9 million of long-term debt, $4,915.4 million of cash, $434.1 million of short-term investments, $2,079.7 million of receivables and $2,443.5 million of quarterly net sales. Debt/assets is 30.79%, liquidity/assets is 24.39% and receivables-plus-cash/assets is 31.90%; the examined asset-based ratios pass. Disclosed interest income was $46.8 million, or 1.92% of quarterly sales, but no fixed purification percentage is asserted.
⚠️ Concerns
- •Large-scale mining environmental impacts
- •Peru and Mexico permitting and community exposure
- •Commodity-price cyclicality
- •Disclosed interest income
- •No universal prohibited-revenue numerator is disclosed
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
6,751.9 / 21,929.9
5,349.5 / 21,929.9
6,995.1 / 21,929.9
46.8 / 2,443.5
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 30.79%, liquidity/assets is 24.39%, receivables-plus-cash/assets is 31.90% and disclosed interest income is 1.92% of revenue; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets, liquidity/assets and receivables-plus-cash/assets are below the examined MSCI limits; activity remains qualitative.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets are below the examined Malaysia limits; this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed and reproducible historical market-cap series is not stored; filing-based asset ratios are documented.
Business-activity disclosure
Southern Copper mines and processes copper, molybdenum and silver, generally permissible industrial materials. The filing does not allocate a universal prohibited-revenue numerator for every end use.
Limitation: No complete prohibited-activity revenue numerator is separately disclosed.
Purification
The filing discloses $46.8 million of interest income, but no scholar-approved purification percentage or complete prohibited-revenue numerator is asserted.
Inputs, assumptions and primary sources
- Amounts are USD millions from Southern Copper's March 31, 2026 Form 10-Q.
- Interest-bearing debt is long-term debt of $6,751.9 million; current liabilities do not separately identify a current debt tranche, and lease liabilities are excluded.
- Short-term investments of $434.1 million are included as interest-bearing securities.
- Trade accounts receivable of $2,016.3 million and other receivables of $63.4 million are included; Q1 net sales were $2,443.5 million and interest income was $46.8 million.
- Copper, molybdenum and silver mining is generally permissible, while environmental and community impacts remain qualitative concerns.
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.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →