Is Pan American Silver Corp. PAAS stock halal to invest in?

Pan American Silver Corp. is a leading silver mining company engaged in the exploration, development, and production of silver and other precious metals. Its primary function is to supply high-quality silver for industrial and commercial use, contributing to sectors like electronics, solar power, and jewelry manufacturing. Pan American Silver also produces significant amounts of gold, zinc, lead, and copper, making it an important player in the diversified mining industry. Before any of that matters to a Muslim investor, one question comes first: is Pan American Silver stock Halal?

Is Pan American Silver Shariah compliant?

For a resources company like Pan American Silver, 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 Pan American Silver pass the business activity test?

Yes. In the September 2026 screening Pan American Silver 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 Pan American Silver's income Halal?

Yes, within AAOIFI's tolerance. Pan American Silver'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 99.25% tells holders of PAAS what share of each dividend to keep and what remainder to donate to charity.

Does Pan American Silver 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 PAAS 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?