Is Sprott (SII) halal?
Sprott Inc. (TSX/NYSE: SII) runs a documented conventional lending business through its private-strategies segment and its Sprott Resource Lending Corp. subsidiary — a haram business line, so it fails the Shariah business gate: FAIL.
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 — conventional lending segment, fails
Sprott is a global asset manager specialising in precious metals and critical materials, with assets under management of $55.6 billion at June 30, 2026. But its own Q2 2026 report states that its private-strategies segment "provides management services to the Company's lending and streaming investment strategies," and lists Sprott Resource Lending Corp. (SRLC) as a principal subsidiary. The CEO's letter describes a "very active" origination pipeline of "financing opportunities (development and M&A financing)." Conventional interest-based lending is a haram business line, so the business gate fails.
Gate two: the ratios — pass individually, but moot
The ratios are moot once the business gate fails, but for the record they clear on their own: the Q2 2026 report shows $nil drawn on its $75 million credit facility — about 0% debt-to-market-cap — and "Finance income" of US$4.115 million for the first half of 2026 against revenue of US$223.2 million — about 1.8%, under the ~5% ceiling. Market cap is about CA$4.41 billion (25,732,678 shares at CA$171.30, September 29, 2026).
What other screeners say
Musaffa rates SII.TO as "doubtful" as of August 2026 under its Shariah screening methodology. No coverage pages for Sprott (SII) were found on Zoya or ShariaPortfolio in targeted searches.
The bottom line
This screener gives Sprott Inc. (TSX/NYSE: SII) a FAIL. The conventional lending segment fails the business gate outright; the passing ratios cannot override that. Snapshot dated September 29, 2026; re-checked quarterly after earnings.
Sources
Frequently asked questions
Is Sprott stock halal?
This screener gives it a FAIL. Sprott Inc. (TSX/NYSE: SII) runs a documented conventional lending business through its private-strategies segment and its Sprott Resource Lending Corp. subsidiary — a haram business line that fails the business gate. Its debt (~0% of market cap) and finance-income (~1.8% of revenue) ratios pass individually, but that does not override the business-activity failure. Consult a qualified scholar.
Why does Sprott fail the Shariah business screen?
Sprott's own Q2 2026 report states that its private-strategies segment 'provides management services to the Company's lending and streaming investment strategies,' and lists Sprott Resource Lending Corp. (SRLC) as a principal subsidiary. The CEO's letter describes a 'very active' origination pipeline of 'financing opportunities (development and M&A financing).' Conventional interest-based lending is a haram business line.
Do Sprott's debt and interest-income ratios pass?
Individually, yes — but they are moot once the business gate fails. The Q2 2026 report shows $nil drawn on its $75 million credit facility (~0% debt-to-market-cap) and 'Finance income' of US$4.115 million for the first half of 2026 against revenue of US$223.2 million (about 1.8%, under the ~5% ceiling). Market cap is about CA$4.41 billion (25,732,678 shares at CA$171.30, September 29, 2026).
What does Sprott do?
Sprott Inc. is a global asset manager specialising in precious metals and critical materials, with assets under management of $55.6 billion at June 30, 2026. Its segments are exchange listed products (physical trusts, ETFs), managed equities, private strategies (including lending and streaming), and corporate.
What do Zoya, Musaffa, and ShariaPortfolio say about SII?
Musaffa rates SII.TO as 'doubtful' as of August 2026 under its Shariah screening methodology. No coverage pages for Sprott (SII) were found on Zoya or ShariaPortfolio in targeted searches.