Is Alamos Gold / AGI Halal?
Alamos Gold Inc. (AGI) is an intermediate gold producer based in Toronto, with operating mines in Canada and Mexico. Mining clears gate one easily, and ~1.5% debt-to-market-cap leaves wide headroom under the ~33% ceiling — a PASS, re-checked every quarter.
The two-gate Shariah screen
Every screener on this site runs the same two gates: first, the business must be halal (no conventional insurance, banking, alcohol, gambling, and the like); second, the financial ratios must clear (debt under roughly 33% of market cap, non-compliant income under roughly 5%).
Gate one: the business — PASS
Alamos operates through three segments — Young-Davidson and Island Gold in Ontario, and Mulatos in Mexico — plus the Lynn Lake development project in Manitoba. Gold mining is a permissible business activity under AAOIFI-style screens, and no haram revenue segment is disclosed. Gate one: PASS.
Gate two: the ratios — PASS
Debt-to-market-cap: ~1.5% (ceiling ~33%) — PASS. Debt and financing obligations of US$200.0 million plus lease liabilities of US$9.4 million current and US$6.9 million non-current at June 30, 2026 — about US$216 million in total — against a market cap of roughly US$14.5 billion on September 28, 2026 gives a debt-to-market-cap ratio of about 1.5% — far under the ~33% ceiling.
Non-compliant income: ~1.0% of revenue — within the ~5% screen. Alamos reported US$6.2 million of finance (interest) income against US$594.1 million of revenue in Q2 2026; the company holds US$636.9 million of cash with minimal leverage. Gate two: PASS.
What other screeners say
No verified current third-party rating was found for Alamos Gold on Zoya, Musaffa, or ShariaPortfolio as of September 2026. The PASS screener here rests on this site's own screening methodology, not on a third-party endorsement.
The bottom line
This screener gives Alamos Gold Inc. (AGI) a PASS. Q2 2026 delivered record revenue of US$594 million, free cash flow of US$143.5 million, and US$67 million returned to shareholders, with net cash of over US$400 million on the balance sheet. The ~1.5% debt ratio gives the PASS wide headroom — it would only flip on very large new debt, a collapsed share price, or a move into a non-compliant business. Snapshot dated September 28, 2026; re-checked quarterly after earnings.
AGI qualifies for the portfolio builder: PASS screeners can be held in the halal portfolio builder alongside other screened stocks — see how it fits the sector targets.
Frequently asked questions
Is Alamos Gold stock halal?
This screener gives Alamos Gold Inc. (AGI) a PASS. Gold mining in Canada and Mexico clears the business-activity screen, and the debt math is comfortable: debt and financing obligations of US$200 million plus lease liabilities at June 30, 2026 — about US$216 million in total — against a market cap of roughly US$14.5 billion at September 28, 2026 is approximately 1.5% — far under the ~33% AAOIFI ceiling. Alamos reported US$6.2 million of finance (interest) income against US$594.1 million of revenue in Q2 2026 (~1.0%, within the ~5% ceiling); the company holds US$636.9 million of cash.
What are Alamos Gold's debt and market-cap figures?
Alamos reported debt and financing obligations of US$200.0 million plus lease liabilities of US$9.4 million current and US$6.9 million non-current at June 30, 2026 — about US$216 million in total — with US$636.9 million of cash. Against a market cap of roughly US$14.5 billion on September 28, 2026, the debt-to-market-cap ratio is about 1.5% — far under the ~33% AAOIFI ceiling, measured consistently with the other screeners on this site.
Does Alamos Gold pay a dividend?
Yes. Alamos pays a quarterly dividend of US$0.04 per share and returned US$67 million to shareholders in Q2 2026 through buybacks and dividends. A dividend is not itself a Shariah screen, but holders may still need to consider purification if any income is non-compliant.
Do any third-party screeners agree with this screener?
No verified current third-party rating was found for Alamos Gold on Zoya, Musaffa, or ShariaPortfolio as of September 2026. The PASS screener here rests on this site's own screening methodology, not on a third-party endorsement.
What could change Alamos Gold's halal screener?
The headroom is wide — ~1.5% debt-to-market-cap against a ~33% ceiling — so the PASS would only flip if the company took on very large debt, its market cap collapsed, or it entered a non-compliant business. This screener is a snapshot dated September 28, 2026 and is re-checked quarterly after earnings.