TSX Shariah screener · October 2026
Is Skyharbour Resources Ltd. (SYH) Halal?
Skyharbour Resources Ltd. · TSXV: SYH · Materials
The short answer
Yes — Skyharbour Resources passes this Shariah stock screening. It is a pure-play uranium explorer with no haram business lines, zero interest-bearing debt, and interest income of just 0.57% of total income.
Gate 1 — Business activity: PASS
Skyharbour Resources Ltd. is a junior exploration company listed on the TSX Venture Exchange that describes itself as having no revenues from mineral producing operations. Its business is uranium exploration and prospect generation in Saskatchewan's Athabasca Basin, with 43 projects covering over 682,000 hectares, including the co-flagship Moore Lake Uranium Project and the Russell Lake joint ventures with Denison Mines and Orano Canada Inc. The filings disclose no involvement in alcohol, pork, gambling, conventional interest-based lending, tobacco, cannabis, weapons, or adult entertainment. Uranium exploration for nuclear fuel is a neutral activity under this screening framework.
Gate 2 — Debt and cash: PASS
Skyharbour reported zero interest-bearing debt at June 30, 2026 — no long-term debt, bank debt, notes payable, convertible debentures, or lease liabilities. Its other liabilities are non-interest-bearing operating items (accounts payable $765,133, due to related parties $8,607), a $368,770 flow-through premium liability, and a $718,000 deferred income tax liability. Market capitalization is approximately C$78.6 million (221,298,210 shares × C$0.355, the September 30, 2026 close), giving a debt-to-market-cap ratio of 0.00%, well under the 33% limit.
Gate 3 — Non-compliant income: PASS
Skyharbour is a pre-revenue explorer, so the screen measures interest income against all positive P&L income items for the June 2026 quarter: interest income ($15,617), operator administration income ($63,021), camp rental income ($5,401), flow-through premium amortization ($83,850), option-payment recoveries ($770,175), and a realized gain on sale of investments ($1,787,737) — $2,725,801 in total. Interest income of $15,617 is 0.57% of that total, far below the 5% limit.
Key figures used
- {'label': 'Share price (Sept 30, 2026 close)', 'url': 'https://finnhub.io/?q=%22SYH%2EV%22', 'value': 'C$0.355'}
- {'label': 'Shares outstanding (Aug 28, 2026)', 'url': 'http://tribaltradingroom.com/api/filings/otc/doc/view/by-hash/otc%3A590282', 'value': '221,298,210'}
- {'label': 'Market capitalization', 'url': 'https://finnhub.io/?q=%22SYH%2EV%22', 'value': '~C$78.6M'}
- {'label': 'Interest-bearing debt (Jun 30, 2026)', 'url': 'http://tribaltradingroom.com/api/filings/otc/doc/view/by-hash/otc%3A590281', 'value': '$0'}
- {'label': 'Debt to market cap', 'url': 'http://tribaltradingroom.com/api/filings/otc/doc/view/by-hash/otc%3A590281', 'value': '0.00%'}
- {'label': 'Interest income / total income (Q1 FY2027)', 'url': 'http://tribaltradingroom.com/api/filings/otc/doc/view/by-hash/otc%3A590281', 'value': '0.57%'}
Frequently asked questions
Is Skyharbour Resources (SYH) halal?
Our screen found no haram business segments — Skyharbour is a junior uranium explorer in Saskatchewan's Athabasca Basin with no revenue from mineral production — no interest-bearing debt (0.00% of market cap, limit 33%), and interest income of only 0.57% of total income (limit 5%). All three Shariah screening gates passed, so SYH earns a passing result. This is a screening assessment, not investment advice.
How much interest-bearing debt does Skyharbour Resources have?
Gate 2 compares interest-bearing debt to market cap (33% limit). Skyharbour has zero interest-bearing debt — no long-term debt, bank debt, notes, convertible debentures, or lease liabilities at June 30, 2026 — against a roughly C$78.6 million market cap, giving a 0.00% ratio.
What does Skyharbour Resources do?
Skyharbour is a junior uranium exploration company with no revenues from mineral producing operations. It holds 43 uranium projects in Canada's Athabasca Basin — including the co-flagship Moore Lake project and the Russell Lake joint ventures — and runs a prospect-generator model with earn-in option partners.
What is Skyharbour Resources' non-compliant income ratio?
Interest income of $15,617 was only 0.57% of the $2.73 million of positive income items in the June 2026 quarter (operator fees, option-payment recoveries, a realized investment gain, and flow-through premium amortization) — well under the 5% limit.
Where can I find more materials stock screeners?
You can find more materials-sector stock screeners in the full listing on the halal-stock-verdicts.html page, which collects every Canadian stock screening on this site by sector.
Sources
- Q1 2026 interim financial statements (SEDAR+ filing, three months ended June 30, 2026)
- Q1 2026 MD&A (three months ended June 30, 2026, report date Aug 28, 2026)
- Year-end MD&A, year ended March 31, 2026 (filed July 29, 2026)
- May 11, 2026 C$5.25M private placement close (confirming active listing)
- SYH.V quote, September 30, 2026 close (Finnhub)
Screened 2026-10-01 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.