Is ANTO.L (Antofagasta plc) Halal or Haram?

Based on our AAOIFI-standard shariah screening, ANTO.L is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (18.38% vs ≤33% threshold), interest income ratio (1.42% vs ≤5% threshold), and cash & securities ratio (11.67% vs ≤33% threshold).

Antofagasta plc is a major international mining group primarily focused on copper production in Chile, with significant interests in the Los Pelambres, Centinela, and Antucoya mines. Beyond its core output of copper cathodes and concentrates, the company produces valuable by-products like molybdenum, gold, and silver, and operates a transport division providing rail and road cargo services in the Antofagasta region. This mix of hard asset extraction and logistics places it firmly in the Basic Materials sector. For Muslim investors, Antofagasta is currently classified as Halal, having passed all four AAOIFI screening metrics. The company's business activities are inherently permissible, as extracting natural resources is a compliant trade, and it does not derive significant income from haram sectors like alcohol or gambling. This 'clean' operational profile makes it a straightforward candidate for Shariah-compliant portfolios seeking exposure to industrial metals. Financially, the company demonstrates strong discipline with a debt-to-market cap ratio of 18.4% and cash-to-market cap of 11.7%, both safely under the 33% threshold. Crucially, its non-compliant income from interest is very low at 1.42%, meaning the vast majority of its revenue comes from legitimate trade. Investors should feel confident in the current financial structure, though regular monitoring is always advised to ensure debt levels remain controlled. While there is no specific scholarly debate regarding Antofagasta's compliance, investors should keep an eye on the Transport Division's contracts to ensure they remain purely logistical. However, the primary risk to watch is typical for the sector: fluctuations in copper prices and mining regulations in Chile, rather than Shariah compliance issues. Antofagasta plc operates in the Basic Materials sector under the Copper industry and is headquartered in London, GB. The company is led by CEO Ivan Arriagada Herrera and employs approximately 8,095 people.

ANTO.L was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. ANTO.L passed 4 of these 4 screens.

Although ANTO.L passes all shariah screens, it does earn $124.6M in interest income (1.42% of revenue). Many scholars recommend purifying this portion by donating the equivalent percentage of any dividends received to charity. For example, if you receive $100 in dividends, you would donate approximately $1.42 to purify the income.

ANTO.L was last screened on 2026-03-01. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.