
Is Sprott (SII) stock Halal?
September 2026 AAOIFI screening result for Sprott, Inc. (SII): non-permissible income, fail. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Sprott, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Sprott is a diversified alternative asset management company that focuses on precious metals and real asset investments. Its primary function is to provide investors with unique investment opportunities through its wide array of managed investment funds, including mutual funds, private equity, and mining finance. Sprott is particularly known for its expertise in the gold sector, often facilitating investor access to precious metals and related securities. Before any of that matters to a Muslim investor, one question comes first: is Sprott stock Halal?
Is Sprott Shariah compliant?
In financial services the activity screen carries the verdict more often than anywhere else: AAOIFI Shariah Standard No. 21 draws a hard line between fee based, permissible services and earning Riba as a business model. For Sprott, that distinction comes first, with the debt and investment ratios behind it.
Does Sprott pass the business activity test?
The activity screen is only part of the picture this month: Sprott currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The watch item in this sector is the sharpest of all: revenue must come from permissible services, not from lending at interest.
Is Sprott's income Halal?
No. Sprott'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 Sprott 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 SII 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 What is Riba? A Clear Guide for Ethical Muslim Investing



