Is Equinox Gold / EQX Halal?
Equinox Gold Corp. (TSX: EQX) is a Canadian gold producer with about 1.1 Moz of expected annual production from mines in Canada, the US, Mexico and Nicaragua (its Brazil operations were sold in January 2026, and the Orla Mining merger closed July 31, 2026). The business has no verified haram lines — and total debt of US$583.0 million is ~5.9% of the ~US$9.82 billion market cap, with finance income of just ~0.35% of revenue. 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
Equinox Gold acquires, develops and operates gold properties in the Americas, anchored by three long-life Canadian gold mines with additional production from the US, Mexico and Nicaragua. No verified involvement in weapons/defence, gambling, alcohol, tobacco, pork or adult entertainment was found. Gate one: passes.
Gate two: the ratios — pass comfortably
The debt gate passes. As at June 30, 2026 (in US dollars): current loans and borrowings of US$29.054 million plus non-current loans and borrowings of US$553.946 million, for total debt of US$583.0 million. Market cap is about US$9.82 billion (TSX close of C$15.94 on September 29, 2026, at a CAD/USD rate of about 1.42) — putting total debt at ~5.9% of market cap, far below the ~33% ceiling. The income gate passes. The Q2 2026 income statement has a standalone finance income line of US$2.673 million against revenue of US$769.796 million — ~0.35% of revenue, far below the ~5% ceiling. (Finance expense of US$12.132 million is a separate line and is not counted as income.) Gate two: passes.
What other screeners say
No publicly verifiable rating for EQX was found on Zoya, Musaffa, or ShariaPortfolio — their assessments, if any, sit behind apps or APIs and could not be confirmed. No rating is reported here.
The bottom line
This screener gives Equinox Gold Corp. (TSX: EQX) a PASS. Gold mining has no verified haram lines, total debt is ~5.9% of market cap, and finance income is ~0.35% of revenue — both far below the ceilings. Snapshot dated September 29, 2026; re-checked quarterly after earnings.
The purification angle: even on a PASS, finance income of ~0.35% of revenue means a small non-compliant share — run the purification calculator to estimate it on any dividends or gains.
Frequently asked questions
Is Equinox Gold stock halal?
This screener gives Equinox Gold Corp. (TSX: EQX) a PASS. The gold miner (about 1.1 Moz of expected annual production from mines in Canada, the US, Mexico and Nicaragua) has no verified haram business lines, and the ratios clear comfortably: total debt of US$583.0 million is about 5.9% of the ~US$9.82 billion market cap, and finance income of US$2.673 million is about 0.35% of quarterly revenue.
What are Equinox Gold's debt and market-cap figures?
As at June 30, 2026 (Q2 2026, in US dollars): current loans and borrowings of US$29.054 million plus non-current loans and borrowings of US$553.946 million, for total debt of US$583.0 million. Market cap is about US$9.82 billion (TSX close of C$15.94 on September 29, 2026 at a CAD/USD rate of about 1.42). The debt-to-market-cap ratio is about 5.9% — far below the ~33% ceiling.
Does Equinox Gold earn interest income?
A small amount, explicitly disclosed. The Q2 2026 income statement has a standalone finance income line of US$2.673 million against revenue of US$769.796 million — about 0.35% of revenue, far below the ~5% ceiling. (Finance expense of US$12.132 million is a separate line and is not counted as income.)
Do any third-party screeners cover Equinox Gold?
No publicly verifiable rating for EQX was found on Zoya, Musaffa, or ShariaPortfolio — their assessments, if any, sit behind apps or APIs and could not be confirmed. No rating is reported here.
What could change Equinox Gold's halal screener?
A large debt-funded acquisition could push debt-to-market-cap toward the ~33% ceiling — it sits at ~5.9% today. Finance income rising above roughly 5% of revenue would also change the screen. This screener is a snapshot dated September 29, 2026 and is re-checked quarterly after earnings.