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AAOIFI No. 21 screening

Is TII halal?

Titan Mining Corporation

Halal

Titan Mining Corporation passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.

Checked: 14 October 2026

Exchange

AMEX

Price

1.985

Day

-2.22%

Market cap

$194.5M

Industry

Other Industrial Metals & Mining

Sector

Basic Materials

What the company does

Titan Mining (Canada/US) produces zinc concentrate at the Empire State Mine in New York state and is starting the first US natural-graphite production in 70 years at an adjacent deposit. Its money comes from zinc sales.

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 $26.25M ÷ 36-month average market cap $107.80M = 24.4%

    24.4%

    Pass

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $13.30M ÷ 36-month average market cap $107.80M = 12.3%

    12.3%

    Pass

  • Non-compliant income / total revenue

    limit 5%

    Interest income $322K ÷ annual revenue $74.24M (2025) = 0.4%

    0.4%

    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: $194.50M.

For information (AAOIFI 3/1 note): cash + receivables are 26.4% 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% · #1131 of 1455

Halal stocks in the same industry

The largest halal stocks in Other Industrial Metals & Mining — for comparison.

Related articles

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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.