Is Alamos Gold (AGI) stock Halal?

Alamos Gold is a Canadian-based intermediate gold producer that specializes in the acquisition, exploration, development, and extraction of gold across North America. The company operates several significant mining sites, including the Island Gold District and Young-Davidson mine in Ontario, Canada, as well as the Mulatos District in Sonora, Mexico. With a workforce of over 2,400 employees, Alamos Gold is recognized for its commitment to sustainable development and operational excellence. Before any of that matters to a Muslim investor, one question comes first: is Alamos Gold stock Halal?

Is Ainsworth Game Technology Shariah compliant?

For a resources company like Ainsworth Game Technology, AAOIFI Shariah Standard No. 21 has little quarrel with the product; the scrutiny falls on the financing. Heavy machinery and long project cycles are usually funded with debt, and the standard tolerates interest bearing borrowing only below 30% of market capitalisation.

Does Ainsworth Game Technology pass the business activity test?

The activity screen is only part of the picture this month: Ainsworth Game Technology currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.

Is Ainsworth Game Technology's income Halal?

No. Ainsworth Game Technology's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.

Does Ainsworth Game Technology meet AAOIFI's debt and investment ratio requirements?

Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has AGI re-screened every month, and the result above always shows the latest verdict.

Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.

New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?