Is Starcore International Mines (SAM) stock Halal?

Starcore International Mines operates as a mineral resource exploration and development company. The company's main focus is on the acquisition and development of exploration and mining properties, primarily located in Mexico. Starcore is mainly involved in the production of precious metals, with an emphasis on gold and silver. Its principal property, the San Martin Mine, is situated in the Querétaro State, Mexico, and serves as the core site for its mining operations. Before any of that matters to a Muslim investor, one question comes first: is Starcore International Mines stock Halal?

Is Starcore International Mines Shariah compliant?

For a resources company like Starcore International Mines, 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 Starcore International Mines pass the business activity test?

Yes. In the September 2026 screening Starcore International Mines 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 Starcore International Mines' income Halal?

Yes, within AAOIFI's tolerance. Starcore International Mines' 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 99.74% tells holders of SAM what share of each dividend to keep and what remainder to donate to charity.

Does Starcore International Mines 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 SAM 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?