Trilogy Metals Inc.

TMQ: Is Trilogy Metals Inc. Halal?

Trilogy Metals Inc.

AMEXBasic MaterialsCA

$3.59

-3.49%

Market Cap: 620.2M

Compliance Status

Halal

Screened on Sep 1, 2026 · AAOIFI Standard 21

A+

Excellent

93Score

Is Trilogy Metals Inc. (TMQ) halal? Halal. Based on AAOIFI screening, Trilogy Metals Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 93/100 (Grade: A+).

Quote this verdict

HalalScreener rates Trilogy Metals Inc. (TMQ) Halal, 93/100, grade A+ under AAOIFI Standard 21, screened Sep 1, 2026. Source: https://halalscreener.app/en/stock/TMQ

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%.

0.0% of 30.0% limit

What this means for you

You can own TMQ

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

Purification amount is Pro

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

About Trilogy Metals Inc.

Trilogy Metals Inc. is a base metals exploration company actively identifying and developing mineral properties throughout the United States. Its core assets lie within the Upper Kobuk mineral projects, located in the Ambler mining district of Northwest Alaska, spanning an area of approximately 426,690 acres. These projects include the Arctic deposit, characterized by polymetallic volcanogenic massive sulfide mineralization, and Bornite, which contains carbonate-hosted copper-cobalt deposits. The company, founded in 2004, was formerly known as NovaCopper Inc. before adopting the name Trilogy Metals Inc. in September 2016, and is headquartered in Vancouver, Canada.

Sector: Basic Materials · Industry: Industrial Materials

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 1, 2026

Compliance History

  1. Halalnow

    since Aug 2026

  2. Under Review

    until the change above

  3. Halal

    until the change above

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

Fiscal: FY 2025Data source: FMP
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Frequently Asked Questions

Is Trilogy Metals Inc. (TMQ) halal to invest in?
Based on AAOIFI Standard 21 screening, Trilogy Metals Inc. (TMQ) is rated Halal with a compliance grade of A+ (Excellent). 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 Trilogy Metals Inc. get a A+ compliance rating?
Trilogy Metals Inc. (TMQ) received a grade of A+ (Excellent) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Trilogy Metals Inc.'s Shariah verdict?
Trilogy Metals Inc.'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 Trilogy Metals Inc. re-screened for Shariah compliance?
Trilogy Metals Inc. (TMQ) 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: Sep 1, 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.