Is K92 Mining (KNT) halal?
K92 Mining (TSX: KNT), the gold producer operating the Kainantu mine in Papua New Guinea, gets a PASS: total debt of US$43.7M is about 0.8% of its ~US$5.43B market cap vs the ~33% ceiling, and audited FY2025 interest income is ~0.87% of revenue.
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 — PASSED
K92 Mining Inc. (TSX: KNT) is a Vancouver-based gold producer whose sole operating asset is the Kainantu Gold Mine in Papua New Guinea (the Kora and Judd vein systems; Blue Lake and Arakompa are nearby exploration and development projects). It produces gold, copper and silver sold as dore and concentrate (company FY2025 audited financial statements, Note 1). None of the standard AAOIFI prohibited business activities (conventional banking and insurance, alcohol, gambling, weapons, pork, tobacco, adult entertainment) are part of K92 Mining operations, so the business-activity gate passes. Facts only, no fatwa.
Gate two: the ratios — PASSED
The ratios gate passes on all three checks. Debt: Q2 2026 interim balance sheet (June 30, 2026) shows loans of US$39.447M plus lease liabilities of US$4.286M, for total interest-bearing debt of US$43.733M. Against a market capitalization of about US$5.434B (OTCQX: KNTNF at US$19.58, September 28, 2026), that is roughly 0.8% debt-to-market-cap - far under the ~33% ceiling. Cash and equivalents of US$349.427M at June 30, 2026 are about 6.4% of market cap; the company is net-cash. Income: audited FY2025 interest income was US$5.181M on revenue of US$595.249M - about 0.87%, under the ~5% ceiling. Q2 2026 was US$1.728M on US$205.246M (~0.84%), and H1 2026 was US$3.100M on US$441.526M (~0.70%). All figures recomputed from the cited sources; K92 Mining reports in US dollars.
What other screeners say
No public Zoya, Musaffa or ShariaPortfolio coverage was found for K92 Mining (KNT) as of September 2026: no public Zoya page is indexed for the ticker, site-scoped Musaffa searches returned nothing, and ShariaPortfolio publishes no public per-stock screening pages. The PASS recorded here rests on the ratios computed from the company's own primary filings.
The bottom line
K92 Mining (KNT) is a PASS: gold, copper and silver mining clears the activity gate, total debt of US$43.7M at June 30, 2026 is about 0.8% of market cap - far under the ~33% ceiling - and audited FY2025 interest income is about 0.87% of revenue (Q2 2026 about 0.84%), under the ~5% ceiling. No public Zoya, Musaffa or ShariaPortfolio rating was found for this ticker as of September 2026. As with every screener here, this is a rules-based screening of published figures, not a religious ruling - consult a qualified scholar for personal guidance.
Sources
- K92 Mining Q2 2026 interim financial statements (k92mining.com)
- K92 Mining FY2025 audited financial statements (k92mining.com)
- K92 Mining OTCQX quote and market cap, September 28, 2026 (stockinvest.us)
- K92 Mining income statement, FY2025 revenue US$595,249k (barchart)
Frequently asked questions
Is K92 Mining stock halal?
Based on this screener AAOIFI-style checks, K92 Mining passes: gold mining clears the activity gate, total debt of US$43.7M is about 0.8% of market cap, and audited FY2025 interest income is about 0.87% of revenue. This is a screening result, not investment advice or a religious ruling.
How much debt does K92 Mining have relative to its market value?
About 0.8%: US$43.733M of total interest-bearing debt (US$39.447M of loans plus US$4.286M of lease liabilities) at June 30, 2026, divided by a market cap of about US$5.434B (September 28, 2026) - far under the ~33% ceiling this screener uses.
Does K92 Mining earn interest income?
A small amount: audited FY2025 interest income of US$5.181M on revenue of US$595.249M, about 0.87% - under the ~5% ceiling. For H1 2026 it was about 0.70%, and for Q2 2026 about 0.84%.
What does K92 Mining do?
K92 Mining Inc. (TSX: KNT), headquartered in Vancouver, is a gold producer whose sole operating asset is the Kainantu Gold Mine in Papua New Guinea, producing gold, copper and silver sold as dore and concentrate.
Do Zoya, Musaffa, or ShariaPortfolio rate K92 Mining?
No public coverage was found as of September 2026: no public Zoya page for the ticker, no Musaffa public page, and ShariaPortfolio publishes no public per-stock screening pages. The PASS recorded here rests on the ratios computed from the company own primary filings.