Is RIO.L (Rio Tinto Group) Halal or Haram?

Based on our AAOIFI-standard shariah screening, RIO.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 (21.27% vs ≤33% threshold), interest income ratio (0.81% vs ≤5% threshold), and cash & securities ratio (8.18% vs ≤33% threshold).

Rio Tinto Group stands as one of the world's largest metals and mining corporations, primarily focused on extracting the raw materials that build modern infrastructure. Their massive portfolio includes iron ore for steel, aluminum for transportation, copper for electrification, and lithium for battery technology. Headquartered in London, they operate a vast network of open pit mines, refineries, and smelters across the globe, making them a critical player in the global supply chain. For Muslim investors, Rio Tinto is currently classified as Halal under AAOIFI standards, having passed all four necessary screening criteria. The company's business activities are fundamentally permissible, as Islam permits the extraction and trade of natural resources. This clean pass means investors can confidently include RIO.L in their portfolios without the need for complex purification calculations often associated with mixed -activity conglomerates. Financially, the company demonstrates strong shariah compliance metrics, particularly regarding leverage. With interest-bearing debt at 21.3% of its market capitalization, it remains safely under the 33 % limit, signaling a balance sheet that isn't overly reliant on haram financing. Additionally, the company's interest income is extremely low at 0.81% of revenue, reflecting a business model driven by tangible asset production rather than financial speculation. While Rio Tinto is compliant, investors should always monitor the company's 'Cash & Securities' levels , which currently sit at 8.2%. Although this is well within the 33% limit, mining companies can sometimes hoard cash during commodity cycle peaks. Regular re-screening is advised to ensure these liquidity levels do not breach shariah thresholds in future reporting periods. Rio Tinto Group operates in the Basic Materials sector under the Industrial Materials industry and is headquartered in London, GB. The company is led by CEO Simon Callas Trott and employs approximately 60,000 people.

RIO.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. RIO.L passed 4 of these 4 screens.

Although RIO.L passes all shariah screens, it does earn $474.8M in interest income (0.81% 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 $0.81 to purify the income.

RIO.L was last screened on 2026-02-24. 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.