
Is Andean Precious Metals (APM) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. Andean Precious Metals Corp. (APM) passes all four screens as of September 2026, with a dividend purification factor of 99.73%.
Andean Precious Metals is a significant player in the mining and metals industry, focusing on the exploration, extraction, and processing of precious metals with a particular emphasis on silver. Operating primarily in Bolivia, the company capitalizes on the region's rich mineral reserves, employing sustainable mining practices to extract high-grade ore. Andean Precious Metals is involved in various stages of the mining process, from exploration to refining, ensuring a steady supply of quality metal products. For Muslim investors, though, the most pressing question is simpler: is Andean Precious Metals a Halal investment?
Is Andean Precious Metals Shariah compliant?
Extracting and selling oil, gas or materials is a permissible business, so companies like Andean Precious Metals rarely stumble on the activity screen. The pressure point is capital structure: energy is a capital hungry industry that borrows heavily, and AAOIFI Shariah Standard No. 21 caps interest bearing debt at 30% of market capitalisation, a line that moves as commodity cycles move the share price.
Does Andean Precious Metals pass the business activity test?
Yes. In the September 2026 screening Andean Precious Metals holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.
Is Andean Precious Metals' income Halal?
Yes, within AAOIFI's tolerance. Andean Precious Metals' income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 99.73% tells holders of APM what share of each dividend to keep and what remainder to donate to charity.
Does Andean Precious Metals 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 APM 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?



