Is Amerigo Resources Ltd. (ARG) halal?
Amerigo Resources Ltd. (TSX: ARG) is a Vancouver-based copper producer — a permissible business — with a debt-free balance sheet (zero borrowings at June 30, 2026) and Q2 2026 interest income of about 0.26% of revenue. Both ratio gates clear, so this screener gives ARG a PASS. Data from Q2 2026 results, screened September 30, 2026.
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, weapons manufacturing, 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 — copper and molybdenum production
Amerigo Resources (TSX: ARG; OTCQX: ARREF), based in Vancouver, British Columbia, is a copper producer. Its 100%-owned Minera Valle Central (MVC) operation in Chile produces copper concentrate, with molybdenum concentrate as a by-product, by processing fresh and historic tailings from Codelco's El Teniente mine, the world's largest underground copper mine. The company produced 16.9 million pounds of copper in Q2 2026. Its revenue comes from tolling/production of metals — no alcohol, tobacco, gambling, conventional finance or insurance, pork, adult entertainment, weapons, or cannabis business lines. The business gate passes.
Gate two: the ratios — all gates clear
- Interest-bearing debt: Amerigo reported nil borrowings at June 30, 2026 (versus US$6.96M a year earlier) and calls its position a "debt-free balance sheet." No lease liabilities are disclosed in the MD&A.
- Market cap: 161,441,765 shares outstanding (July 28, 2026) × C$8.73 (TSX price, September 30, 2026) = about C$1,409.4M.
- Debt ÷ market cap: 0% — under the ~33% AAOIFI ceiling.
- Interest income (Q2 2026 MD&A): finance income of US$0.1M (US$149K on the income statement), "which included interest income of US$0.2M," ÷ Q2 2026 revenue of US$77.374M = about 0.26% — under the ~5% AAOIFI ceiling.
- Cash: US$50.296M of cash and cash equivalents at June 30, 2026 — about 5.1% of market cap, under the ~33% cash-plus-securities ceiling.
Every ratio gate clears with wide margin.
What other screeners say
- Zoya: no public rating page found for ARG. Musaffa: no public rating page found for ARG. ShariaPortfolio: no public rating found for ARG. None of the three covers the ticker as of September 30, 2026.
The bottom line
This screener gives Amerigo Resources Ltd. (TSX: ARG) a PASS. A permissible copper-mining business, zero borrowings, and interest income at about 0.26% of revenue — all gates clear. Snapshot dated September 30, 2026; re-checked quarterly after earnings.
Sources
- Amerigo Resources Q2 2026 press release (July 29, 2026, via Newsfile) — net income US$18.3M, cash US$50.3M, "debt-free balance sheet."
- Amerigo Management's Discussion and Analysis for the three and six months ended June 30, 2026 — revenue US$77.374M, borrowings nil, finance income US$0.1M including interest income US$0.2M, 161,441,765 shares outstanding (July 28, 2026).
- Market data: TSX:ARG C$8.73 on September 30, 2026.
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Frequently asked questions
Is Amerigo Resources (ARG) halal?
Our screener gives Amerigo Resources Ltd. a PASS screening result. Amerigo produces copper concentrate (molybdenum as a by-product) at its MVC operation in Chile by processing tailings from Codelco's El Teniente mine — no prohibited business lines — with zero borrowings at June 30, 2026 (under the 33% AAOIFI debt ceiling) and Q2 2026 interest income of US$0.2M equal to about 0.26% of revenue (under the 5% threshold).
How much debt does Amerigo Resources have?
None. Amerigo's Q2 2026 MD&A reports borrowings of nil at June 30, 2026 (versus US$6.96M a year earlier) and describes the company as having a debt-free balance sheet. No lease liabilities are disclosed. Debt-to-market-cap is therefore 0%, under the ~33% AAOIFI ceiling.
Does Amerigo Resources earn interest income?
A small amount. Amerigo's Q2 2026 MD&A discloses finance income of US$0.1M (US$149K on the income statement), which included interest income of US$0.2M, against Q2 revenue of US$77.4M. That is about 0.26% of revenue, under the 5% AAOIFI threshold.
What do Zoya, Musaffa and ShariaPortfolio say about Amerigo Resources?
As of September 30, 2026 we found no rating pages for ARG on Zoya, Musaffa, or ShariaPortfolio — none of the three covers the ticker. Our screener reports its own figure-by-figure analysis above.
Does Amerigo Resources pay dividends?
Yes. Amerigo's board declared a Cdn$0.04 quarterly dividend on July 27, 2026 (payable September 18, 2026), plus a Cdn$0.18 performance dividend paid August 6, 2026. The company returned US$41.7M to shareholders year-to-date 2026 under its Capital Return Strategy (dividends and buybacks), with a 2026 cash yield of about 8.1%.