Ero Copper Corp ERO.NE
CAD53.01 CAD0.01 (0.02%) 1D
Last Updated: Sep 09, 12:00 AM·NEO
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Is Ero Copper Corp Stock Halal?
Shariah Compliance Analysis of ERO.NE Stock
Canada Materials Mid Cap No. As of September 2026, Ero Copper Corp (ERO.NE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Ero Copper Corp does not pass Musaffa's business and financial screening criteria.
Ero Copper Corp. engages in the exploration, development, and mining of mineral properties in Brazil. The firm's primary asset is a 99.6% interest in the Brazilian copper mining company, Mineracao Caraiba S.A. (MCSA), 100% owner of the Company's Caraiba Operations, which are located in the Curaca Valley, Bahia State, Brazil, and the Tucuma Operation, an open pit copper mine located in Para State, Brazil. The firm also owns 97.6% of NX Gold S.A. (NX Gold), which owns the Xavantina Operations, an operating gold and silver mine located in Mato Grosso State, Brazil. The company also has an agreement with Vale Base Metals for a 60% interest in the Furnas Copper-Gold Project, located in the Carajas Mineral Province in Para State, Brazil. The Caraiba Operations are located in northeastern Bahia State, Brazil, approximately 385 kilometers (km) north-northwest of the capital city of Salvador. The Xavantina Operations are located in southeastern Mato Grosso State, Brazil, approximately 670 km east of the capital city of Cuiaba.
ERO.NE Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Ero Copper Corp is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Ero Copper Corp (ERO.NE) Chart
Financial Metrics & Statements of Ero Copper Corp (ERO.NE)
FAQ's for Ero Copper Corp (ERO.NE)
- As of September 2026, Ero Copper Corp ERO.NE is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Ero Copper Corp using these criteria to determine its compliance status.
- Muslim investors may consider investing in Ero Copper Corp if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Ero Copper Corp by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Ero Copper Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Ero Copper Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Ero Copper Corp (ERO.NE)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
