Is Avino Silver & Gold Mines (ASM) stock Halal?

Avino Silver & Gold Mines Ltd. is a Canadian-based mining company focused on exploring, developing, and producing precious metals. The primary function of Avino is the extraction of silver and gold, and the company has a significant footprint in mining and metallurgical sectors. It operates principally through its wholly-owned Avino property, which includes the historic Avino Mine located in Durango, Mexico. This site is notable for its longstanding history and rich veins of high-grade ore. Before any of that matters to a Muslim investor, one question comes first: is Al Seer Marine Supplies & Equipment stock Halal?

Is Al Seer Marine Supplies & Equipment Shariah compliant?

For a resources company like Al Seer Marine Supplies & Equipment, 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 Al Seer Marine Supplies & Equipment pass the business activity test?

The activity screen is only part of the picture this month: Al Seer Marine Supplies & Equipment currently fails the interest-bearing debt 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 Al Seer Marine Supplies & Equipment's income Halal?

Yes, within AAOIFI's tolerance. Al Seer Marine Supplies & Equipment's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.

Does Al Seer Marine Supplies & Equipment meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.

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?