Is FORTUNA MINING CORP. (FSM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 6.0% / 30% | 15.8% / 30% | 2.1% / 30% | 1.54% / 5% | ✓ HALAL |
| DJIM | 6.0% / 33% | 15.8% / 33% | 2.1% / 33% | 1.54% / 5% | ✓ HALAL |
| MSCI | 9.0% / 33% | 23.8% / 33% | 3.2% / 33% | 1.54% / 5% | ✓ HALAL |
| S&P | 6.0% / 33% | 15.8% / 33% | 2.1% / 33% | 1.54% / 5% | ✓ HALAL |
| FTSE | 9.0% / 33% | 23.8% / 33% | 3.2% / 50% | 1.54% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 49.3% | |
| Operating Margin | 43.4% | |
| Net Margin | 30.4% | |
| Return on Equity (ROE) | 18.0% | |
| Return on Assets (ROA) | 11.6% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $455M |
| Free Cash Flow | $277M |
| Total Debt | $211M |
| Debt-to-Equity | 12.2 |
| Current Ratio | 3.0 |
| Total Assets | $2.4B |
Price & Trading
| Last Close | $9.15 |
| 50-Day MA | $11.01 |
| 200-Day MA | $8.86 |
| Avg Volume | 7.9M |
| Beta | 2.0 |
|
52-Week Range
$5.13
| |
About FORTUNA MINING CORP. (FSM)
Fortuna Mining Corp. engages in the precious and base metal mining and related activities in Argentina, Côte d'Ivoire, Mexico, Peru, and Senegal. The company operates through Mansfield, Sango, and Bateas segments. It operates the Lindero gold mine and the Séguéla gold mine, as well as the Caylloma silver, lead, and zinc mine. The company was formerly known as Fortuna Silver Mines Inc. and changed its name to Fortuna Mining Corp. in June 2024. Fortuna Mining Corp. was incorporated in 1990 and is based in Vancouver, Canada.
Purification Calculator
As a halal stock with 1.54% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is FORTUNA MINING CORP. (FSM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), FORTUNA MINING CORP. is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is FORTUNA MINING CORP.'s debt ratio?
FORTUNA MINING CORP.'s debt ratio is 6.0% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 9.0%.
Does FORTUNA MINING CORP. require dividend purification?
Yes, FORTUNA MINING CORP. has an impermissible income ratio of 1.54%, which means 1.54% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are FORTUNA MINING CORP.'s key financial metrics?
FORTUNA MINING CORP. has a market capitalization of $2.9B, trailing P/E ratio of 11.2, and revenue of $947M. The company maintains a gross margin of 49.3% and a net margin of 30.4%. Return on equity stands at 18.0%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.