Is SRL halal?
Scully Royalty Ltd.
Doubtful
No clear verdict is possible for Scully Royalty Ltd. — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.
Checked: 15 October 2026
Exchange
NYSE
Price
4.8999
Day
+3.16%
Market cap
$72.5M
Industry
Capital Markets
Sector
Financial Services
Manually identified reason
Automatic screening reads the industry label, not what's inside. This company's filings were checked by hand and a hidden prohibited activity was found:
Doubtful: merchant-banking services + royalty (Scully Royalty, formerly MFC Bancorp)
What the company does
Scully Royalty (formerly MFC Bancorp) holds a royalty on the Scully iron-ore mine in Canada (the main asset), provides merchant-banking services to SMEs and leases industrial parks. Its money comes from royalties and banking services (the finance unit is considered by the screener).
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
Doubtful: merchant-banking services + royalty (Scully Royalty, formerly MFC Bancorp)
Interest-bearing debt / market cap
limit 30%
23.7%
Pass
Cash & investments / market cap
limit 30%
27.6%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
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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.