
Is Fortuna Mining (FVI) stock Halal?
Fortuna Mining Corp. (FVI) is Shariah compliant in the September 2026 AAOIFI screening, passing all four AAOIFI screens. Dividends are purified using a factor of 98.61%. Tabadulat re-screens FVI monthly, and the status can change when new financial data arrives.
Fortuna Mining is a mining company specializing in the exploration and production of precious metals, primarily silver and gold. The company's core purpose is to identify, develop, and operate high-quality assets that can produce these metals, crucial for various industrial applications, jewelry, and as investment assets. Fortuna Mining is active in projects across the Americas, where it operates several mining sites equipped with advanced technology and sustainable mining practices. Before any of that matters to a Muslim investor, one question comes first: is Fortuna Mining stock Halal?
Is Fortuna Mining Shariah compliant?
For a resources company like Fortuna Mining, 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 Fortuna Mining pass the business activity test?
Yes. In the September 2026 screening Fortuna Mining 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 Fortuna Mining's income Halal?
Yes, within AAOIFI's tolerance. Fortuna Mining's 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 98.61% tells holders of FVI what share of each dividend to keep and what remainder to donate to charity.
Does Fortuna Mining 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 FVI 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?



