
Is Triple Flag Precious Metals (TFPM) stock Halal?
September 2026 AAOIFI screening result for Triple Flag Precious Metals Corp. (TFPM): non-permissible income, fail. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Triple Flag Precious Metals Corp. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Triple Flag Precious Metals is a streaming and royalty company in the mining sector, focusing primarily on precious metals like gold and silver. The primary function of the company is to provide financing to mining companies in exchange for the rights to purchase a percentage of the mine's future output at predetermined prices. This structure allows Triple Flag Precious Metals to benefit from potential upside in metal prices while limiting downside risk, as the costs remain fixed. Before any of that matters to a Muslim investor, one question comes first: is Triple Flag Precious Metals stock Halal?
Is Triple Flag Precious Metals Shariah compliant?
For a resources company like Triple Flag Precious Metals, 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 Triple Flag Precious Metals pass the business activity test?
The activity screen is only part of the picture this month: Triple Flag Precious Metals currently fails the non-permissible income 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 Triple Flag Precious Metals' income Halal?
No. Triple Flag Precious Metals' 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 Triple Flag Precious Metals 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 TFPM 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?



