Screened September 29, 2026 · TSX: EDR / NYSE: EXK · Q2 2026 (quarter ended June 30, 2026)

Is Endeavour Silver (EDR) halal?

Endeavour Silver (TSX: EDR / NYSE: EXK) is a mid-tier silver-gold producer with no haram business segment. Interest-bearing debt of ~US$248.2 million is about 9.6% of the ~US$2.59 billion market cap (under the ~33% ceiling), and interest income of ~US$2.4 million is about 1.1% of Q2 2026 revenue of US$212.1 million (under the ~5% ceiling). This screener is a PASS.

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 — passes

Endeavour Silver Corp. is a mid-tier precious-metals producer engaged in silver mining in Mexico and Peru plus acquisition, exploration, development, extraction, processing, refining, and reclamation (with exploration also in Chile and the US). Operating mines: Guanaceví (Durango, Mexico), Terronera (Jalisco, Mexico — the flagship, which declared commercial production effective October 1, 2025 and is the company's lowest-cost operation), and Kolpa (Peru, a recent acquisition). Bolañitos was sold on January 15, 2026 to Guanajuato Silver (US$36.5M gain). Products are silver-gold doré bars and concentrates sold to commercial refineries; the key development asset is the Pitarrilla project in Durango. One hundred percent of revenue comes from mining and selling silver, gold, and by-product metals. The company uses commodity price-risk derivatives (gold forward swaps, silver collars — a US$21.7M revaluation gain in Q2 2026) for price-risk management and carries a US$45.4M copper stream liability; these are financing/risk-management instruments, not revenue segments. The business gate passes.

Gate two: the ratios — both pass

All figures USD, from the Q2 2026 interim financial statements (6-K/A filed July 30, 2026). Interest income of US$2.4 million (separately disclosed on the cash-flow statement; US$4.3M cash interest received H1) is about 1.1% of Q2 2026 revenue of US$212.1 million (six-month basis: ~1.0%) — under the ~5% ceiling. Debt: convertible senior notes (carrying) of US$241.2 million + loans payable of US$5.6 million + lease liabilities of US$1.4 million = ~US$248.2 million. With 296,144,000 shares outstanding at US$8.74 (September 29, 2026), the market cap is about US$2,588 million (TSX close was C$12.27, the same ballpark) — debt is about 9.6% of market cap, well under the ~33% ceiling. Cash was US$236.6M. Both ratios pass.

What other screeners say

No coverage pages for EDR/EXK were found on Zoya, Musaffa, or ShariaPortfolio in targeted searches as of September 2026. Separately, MuslimXchange (not one of the three) rates EXK as Shariah compliant, updated June 19, 2026. This screener is based on Endeavour's Q2 2026 filings.

The bottom line

This screener gives Endeavour Silver Corp. (TSX: EDR / NYSE: EXK) a PASS. A pure silver-gold mining business with debt at about 9.6% of market cap and interest income at about 1.1% of revenue. In September 2026, Guanaceví saw temporarily reduced processing capacity from a mill trunnion repair (~3-week window) and Terronera resolved a community blockade — operational items to watch, not business-line changes. Consult a qualified scholar. Snapshot dated September 29, 2026; re-checked quarterly after earnings.

Sources

• Q2 2026 interim financial statements (6-K/A, filed Jul 30, 2026)
• MuslimXchange — EXK (compliant, Jun 19, 2026)

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