TSX Shariah screener · October 2026
Is STLLR Gold Inc. (STLR) Halal?
STLLR Gold Inc. · TSX: STLR · Materials
The short answer
No — STLLR Gold (STLR) fails this Shariah stock screen. Its gold exploration and development business (Tower, Colomac, Hollinger) is permissible and its interest-bearing debt is negligible, but interest income of C$268,000 in Q2 2026 (C$569,000 in H1 2026) was the company's only income — it is pre-revenue — far above the 5% non-compliant income limit. No Zoya, Musaffa, or ShariaPortfolio rating was found for this ticker — honestly reported as absent, not invented.
Gate 1 — Business activity: PASS
STLLR Gold Inc. (TSX:STLR, also listed on OTCQX:STLRF and Frankfurt:O9D) is a pre-revenue exploration and development-stage company advancing gold projects in the Timmins Camp, Ontario (Tower and Hollinger Tailings) and the Northwest Territories (Colomac); it states it has no properties in current production and no production revenues. No alcohol, pork, gambling, conventional interest-based lending, tobacco, cannabis, weapons, or adult-entertainment lines were disclosed. Gate 1 passes. Facts only.
Gate 2 — Debt and cash: PASS
Total liabilities at June 30, 2026 were C$8.422M, and the only interest-bearing balances were lease liabilities of C$1.034M — the company's FY2025 annual notes state there were no outstanding interest-bearing debts. Debt ÷ market cap is about 0.4% against a market cap of roughly C$235.19M (C$1.47, October 1, 2026), far under the ~33% ceiling. Cash plus short-term investments of about C$31.1M is roughly 13% of market cap. Gate 2 passes. Facts only.
Gate 3 — Non-compliant income: FAIL
The Q2 2026 interim financial statements (filed August 12, 2026) disclose a separate interest-income line of C$268,000 for Q2 2026 (H1 2026: C$569,000), while the company is pre-revenue with nil sales. Interest is effectively 100% of the company's income, far above the 5% non-compliant income limit. Gate 3 fails. Facts only.
Key figures used
- Interest income: C$268,000 (Q2 2026) / C$569,000 (H1 2026) — separately disclosed; revenue nil (pre-revenue)
- Total liabilities: C$8.422M at Jun 30, 2026 (interest-bearing lease liabilities only, C$1.034M); debt ÷ market cap ≈ 0.4%
- Market cap: ~C$235.19M (C$1.47, Oct 1, 2026); cash C$23.1M + short-term investments C$8.0M ≈ 13% of market cap
- Assets: Tower and Hollinger Tailings gold projects (Timmins Camp, Ontario), Colomac gold project (Northwest Territories) — no haram segments
- Also listed on OTCQX (STLRF) and Frankfurt (O9D); incorporated in Ontario, 1910
Frequently asked questions
Is STLLR Gold (STLR) halal?
No. STLLR Gold fails this Shariah stock screen. Its gold exploration and development business is permissible and its interest-bearing debt is negligible, but interest income of C$268,000 in Q2 2026 (C$569,000 in H1 2026) was the company's only income — it is pre-revenue — far above the 5% limit for non-compliant income. This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.
What is STLLR Gold's debt-to-market-cap ratio?
About 0.4%. Total liabilities at June 30, 2026 were C$8.422M and the only interest-bearing balances were lease liabilities of C$1.034M (the FY2025 annual notes state there were no outstanding interest-bearing debts), against a market cap of roughly C$235.19M (C$1.47, October 1, 2026) — well under the ~33% ceiling.
What does STLLR Gold do?
STLLR Gold Inc. (TSX:STLR, also listed on OTCQX:STLRF and Frankfurt:O9D) is a pre-revenue exploration and development-stage company advancing the Tower Gold Project and Hollinger Tailings Project in the Timmins Camp, Ontario, and the Colomac Gold Project in the Northwest Territories; it states it has no properties in current production and no production revenues.
How much interest income does STLLR Gold earn relative to revenue?
The Q2 2026 interim financial statements (filed August 12, 2026) disclose a separate interest-income line of C$268,000 for Q2 2026 (C$569,000 for H1 2026), while the company is pre-revenue with nil sales. Interest is effectively 100% of the company's income, far above the 5% ceiling.
Where can I find more materials stock screeners?
See halal-stock-verdicts.html for the full list of stock screeners, including the other materials-sector entries.
Sources
- STLLR Gold — Q2 2026 interim financial statements (filed Aug 12, 2026): C$268K Q2 / C$569K H1 interest income; C$8.422M total liabilities; pre-revenue
- STLLR Gold — FY2025 annual financial statements (SEDAR+): no outstanding interest-bearing debts; C$34.378M cash at Dec 31, 2025
- Finnhub — STLR.TO quote (C$1.47, C$235.19M market cap, Oct 1, 2026)
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.
Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).