What is Fortuna Mining Corp.'s Shariah compliance score?

Fortuna Mining Corp. (FSM) has a Shariah compliance score of 71/100 (Grade: B+, Good). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Fortuna Mining Corp. pass AAOIFI screening?

Fortuna Mining Corp. (FSM) passes AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. FSM's debt-to-market-cap is 7.2%.

How much purification is needed for Fortuna Mining Corp.?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for Fortuna Mining Corp. (FSM) using the latest financial data.

Where can I screen Fortuna Mining Corp. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Fortuna Mining Corp. (FSM) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

FSMHalalB+

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Compliance Status

Halal

Screened on Oct 12, 2026 · AAOIFI Standard 21

B+

Good

71Score

Is Fortuna Mining Corp. (FSM) halal? Halal. Based on AAOIFI screening, Fortuna Mining Corp. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 71/100 (Grade: B+).

Quote this verdict

HalalScreener rates Fortuna Mining Corp. (FSM) Halal, 71/100, grade B+ under AAOIFI Standard 21, screened Oct 12, 2026. Source: https://halalscreener.app/en/stock/FSM

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

7.2% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

You can own FSM

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened FSM's prohibited income, but the exact share you would need to purify is part of Pro.

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FSM: Is Fortuna Mining Corp. Halal?

Fortuna Mining Corp.

NYSEBasic MaterialsCA

$10.71

Market Cap: 3.2B

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About Fortuna Mining Corp.

Fortuna Silver Mines Inc. specializes in the procurement, prospecting, and mining of precious and base metals. The company conducts its operations across five countries: Argentina, Burkina Faso, Mexico, Peru, and Côte d'Ivoire. Its portfolio comprises several key properties, such as the Caylloma mine in southern Peru, which produces silver, lead, and zinc; the San Jose silver and gold mine located in southern Mexico; Argentina's Lindero gold project; the Yaramoko gold mine in southwestern Burkina Faso; and the Séguéla gold mine, also found in southwestern Côte d'Ivoire. Founded in 1990, the firm initially operated under the name Fortuna Ventures Inc., before officially changing to Fortuna Silver Mines Inc. in June 2005. The company's headquarters are located in Vancouver, Canada.

Sector: Basic Materials · Industry: Gold

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 12, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Halalnow
since Sep 2026
Under Review
until the change above
Halal
until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: FMP

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Frequently Asked Questions

Is Fortuna Mining Corp. (FSM) halal to invest in?

Based on AAOIFI Standard 21 screening, Fortuna Mining Corp. (FSM) is rated Halal with a compliance grade of B+ (Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Fortuna Mining Corp. get a B+ compliance rating?

Fortuna Mining Corp. (FSM) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 7.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Fortuna Mining Corp.'s Shariah verdict?

Fortuna Mining Corp.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Fortuna Mining Corp. re-screened for Shariah compliance?

Fortuna Mining Corp. (FSM) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Oct 12, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.