Is Trekor Metals (TKO) halal?
Trekor Metals Limited (TSX: TKO / NYSE American: TGB), renamed from Taseko Mines Limited on June 25, 2026, is a copper-focused miner with no haram business segment. Debt of ~C$765.3 million is about 16.8% of the ~C$4.55 billion market cap (under the ~33% ceiling), and finance income of ~C$1.058 million is about 0.32% of Q2 2026 revenue of C$330.553 million (under the ~5% ceiling). This screener is a PASS.
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 — passes
Trekor Metals Limited, formerly Taseko Mines Limited (name changed June 25, 2026; tickers TKO/TGB unchanged), is a copper-focused mining company. Its principal operating assets are the wholly-owned Gibraltar mine in central British Columbia (Q2 2026: 30.3 million pounds of copper produced, 32.2 million pounds sold, plus molybdenum) and Florence Copper in Arizona, an in-situ recovery/SX-EW copper cathode operation ramping up commercial production (Q2 2026: 5.2 million pounds produced). Development assets include the Yellowhead copper, New Prosperity copper-gold, Aley niobium, and Harmony gold projects in BC. Q2 2026 results (August 5, 2026): revenue C$330.6 million, adjusted EBITDA C$125.1 million, net income C$22.2 million. No prohibited operating segments were identified in the MD&A or press releases. The business gate passes.
Gate two: the ratios — both pass
At June 30, 2026 (Q2 MD&A): senior secured notes of C$700.569 million plus equipment-related financings of C$64.716 million, for total debt of ~C$765.3 million; the Q1 2026 debt note showed equipment-related financings include lease liabilities, so leases are captured. Cash was C$185.764 million (~4.1% of market cap). With 366,023,318 shares outstanding at C$12.42 (September 29, 2026), the market cap is about C$4,546 million — debt is about 16.8% of market cap, under the ~33% ceiling (the MD&A's reported net debt of C$579.521 million cross-checks exactly: 765.285 − 185.764). Finance income of C$1.058 million is about 0.32% of Q2 2026 revenue of C$330.553 million — under the ~5% ceiling. Both ratios pass. In Q2 2026, copper collar contracts for 27 million pounds matured with a US$5.40/lb ceiling, producing a C$24.2 million realized derivative loss.
What other screeners say
No public rating page for this stock was found on Zoya, Musaffa, or ShariaPortfolio in searches performed September 29, 2026 under both names (Taseko Mines / Trekor Metals) and both tickers (TKO / TGB). This screener is based on Trekor's Q2 2026 MD&A figures.
The bottom line
This screener gives Trekor Metals Limited (TSX: TKO / NYSE American: TGB) a PASS. A copper-mining business with no haram segment, debt at about 16.8% of market cap, and finance income at about 0.32% of revenue. Consult a qualified scholar. Snapshot dated September 29, 2026; re-checked quarterly after earnings.
Sources
Frequently asked questions
Is Trekor Metals (Taseko) halal?
This screener gives it a PASS. Trekor Metals Limited (TSX: TKO / NYSE American: TGB), renamed from Taseko Mines Limited on June 25, 2026, is a copper-focused mining company with no haram business segment. Debt of ~C$765.3 million is about 16.8% of the ~C$4.55 billion market cap (under the ~33% ceiling), and finance income of ~C$1.058 million is about 0.32% of Q2 2026 revenue of C$330.553 million (under the ~5% ceiling). No coverage was found from Zoya, Musaffa, or ShariaPortfolio under either company name. Consult a qualified scholar.
What does Trekor Metals do?
Trekor Metals Limited, formerly Taseko Mines Limited (name changed June 25, 2026; tickers TKO/TGB unchanged), is a copper-focused mining company. Its principal operating assets are the wholly-owned Gibraltar mine in central British Columbia (Q2 2026: 30.3 million pounds of copper produced, 32.2 million pounds sold, plus molybdenum) and Florence Copper in Arizona, an in-situ recovery/SX-EW copper cathode operation ramping up commercial production (Q2 2026: 5.2 million pounds produced). Development assets include the Yellowhead copper, New Prosperity copper-gold, Aley niobium, and Harmony gold projects in BC. Q2 2026 results (August 5, 2026): revenue C$330.6 million, adjusted EBITDA C$125.1 million, net income C$22.2 million. In July 2026 it submitted the Detailed Project Description for the Yellowhead copper project to the BC Environmental Assessment Office, which issued a notice of decision on July 30, 2026 allowing it to proceed to environmental assessment.
What are Trekor Metals' debt and market-cap figures?
At June 30, 2026 (Q2 MD&A): senior secured notes C$700.569 million plus equipment-related financings C$64.716 million, for total debt of ~C$765.3 million (the Q1 2026 debt note showed equipment-related financings include lease liabilities, so leases are captured); cash was C$185.764 million (~4.1% of market cap). With 366,023,318 shares outstanding at C$12.42 (September 29, 2026), market cap is about C$4,546 million — debt is about 16.8% of market cap. Net debt of C$579.521 million reported in the MD&A cross-checks exactly (765.285 − 185.764). In Q2 2026, copper collar contracts for 27 million pounds matured with a US$5.40/lb ceiling, producing a C$24.2 million realized derivative loss.
What do Zoya, Musaffa, and ShariaPortfolio say about TKO?
No public rating page for this stock was found on Zoya, Musaffa, or ShariaPortfolio in searches performed September 29, 2026 under both names (Taseko Mines / Trekor Metals) and both tickers (TKO / TGB). This screener is based on Trekor's Q2 2026 MD&A figures, not on a third-party rating.
What is the purification amount for Trekor Metals' dividend?
Trekor Metals did not declare a dividend in the Q2 2026 materials, so there is no dividend to purify. Use the purification calculator only if a distribution is announced.