Canadian Halal Investor.

TSX Shariah screener · October 2026

Is Titan Mining Corporation (TI) Halal?

PASS

Titan Mining Corporation · TSX: TI · Materials

The short answer

Yes — Titan Mining (TI) passes this Shariah stock screen. It produces and sells zinc concentrate (and is developing natural flake graphite) at its Empire State Mines in New York, with no disclosed alcohol, gambling, tobacco, cannabis, conventional lending, or weapons lines. Interest-bearing debt of US$26.1M is about 10.1% of market cap — under the ~33% ceiling — and separately disclosed interest income of US$189K in H1 2026 is about 0.4% of revenue — under the 5% limit. No Zoya, Musaffa, or ShariaPortfolio rating was found for this ticker — honestly reported as absent, not invented.

Gate 1 — Business activity: PASS

Titan Mining Corporation (TSX:TI, NYSE American:TII) is a natural resources company engaged in the production and sale of zinc concentrate at its wholly owned Empire State Mines in northern New York, plus natural flake graphite development at the Kilbourne project. 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

The Q2 2026 MD&A (filed Aug 12, 2026) reports total debt of US$26.095M (third-party loans US$9.022M plus related-party loans US$17.073M) against a market cap of roughly C$355.3M (98,980K shares at C$3.59, Oct 1, 2026) — a debt ÷ market cap ratio of about 10.1%, well under the ~33% ceiling. Cash of US$13.302M is about 5.2% of market cap. Gate 2 passes. Facts only.

Gate 3 — Non-compliant income: PASS

The Q2 2026 interim financial statements (filed Aug 12, 2026) disclose a separate interest-income line of US$189K for H1 2026 (Q2: US$90K) against revenue of US$45.3M (Q2: US$25.7M) — about 0.4% non-compliant income, well under the 5% limit. Gate 3 passes. Facts only.

Key figures used

Frequently asked questions

Is Titan Mining (TI) halal?

Yes, Titan Mining passes this Shariah stock screen. It is a zinc concentrate producer (Empire State Mines, New York) with an emerging graphite project — no disclosed haram business lines. Its interest-bearing debt of US$26.1M is about 10.1% of market cap (under the ~33% ceiling), and separately disclosed interest income of US$189K in H1 2026 is about 0.4% of revenue (under the 5% limit). This is a factual screen, not a religious ruling — consult a qualified scholar for personal guidance.

What is Titan Mining's debt-to-market-cap ratio?

About 10.1%. The Q2 2026 MD&A reports total debt of US$26.095M (US$9.022M third-party loans plus US$17.073M related-party loans) at June 30, 2026, against a market cap of roughly C$355.3M (98,980K shares at C$3.59, October 1, 2026) — well under the ~33% ceiling.

What does Titan Mining do?

Titan Mining Corporation (TSX:TI, also listed on NYSE American as TII) is a natural resources company engaged in the acquisition, exploration, development, and production of mineral properties — principally zinc concentrate at its wholly owned Empire State Mines in northern New York, plus natural flake graphite development at the Kilbourne project.

How much interest income does Titan Mining earn relative to revenue?

About 0.4%. The Q2 2026 interim financial statements disclose a separate interest-income line of US$189K for H1 2026 (Q2: US$90K) against revenue of US$45.3M (Q2: US$25.7M) — well under the 5% non-compliant income 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

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).