Is SCZM halal?
Santacruz Silver Mining Ltd.
Halal
Santacruz Silver Mining Ltd. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NASDAQ
Price
8.34
Day
+0.24%
Market cap
$753.2M
Industry
Other Industrial Metals & Mining
Sector
Basic Materials
What the company does
Santacruz Silver Mining (Canada) operates silver, zinc, lead and copper mines in Bolivia and Mexico. Money comes from selling metal concentrates.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $45.17M ÷ 36-month average market cap $344.19M = 13.1%
13.1%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $72.82M ÷ 36-month average market cap $344.19M = 21.2%
21.2%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $2.57M ÷ annual revenue $326.38M (2025) = 0.8%
0.8%
Pass
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $753.22M.
For information (AAOIFI 3/1 note): cash + receivables are 33.8% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Among halal stocks
- 0.00% · #932 of 1455
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Other Industrial Metals & Mining — for comparison.
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.