Franco-Nevada Corporation (FNV) - Halal (Shariah-Compliant)
Franco-Nevada Corporation (FNV) is classified as Halal (Shariah-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Basic Materials
- Industry
- Gold
- Result
- Pass
- Reason
- The sector "Basic Materials" and industry "Gold" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 0.0% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 5.5% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.5% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.47%.Based on the company's financial statements, approximately 1.47% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.47% of total income). Some scholars may differ on the exact calculation method.
About Franco-Nevada Corporation
Franco-Nevada Corporation operates as a royalty and stream company focused on precious metals in South America, Central America, Mexico, the United States, Canada, Australia, Europe, and Africa. The company operates through Precious Metals, Other Mining and Energy segments. It also manages its portfolio with a focus on precious metals, such as gold, silver, and platinum group metals; and engages in the sale of crude oil, natural gas, and natural gas liquids through a third-party marketing agent. Franco-Nevada Corporation was founded in 1986 and is headquartered in Toronto, Canada.
Frequently Asked Questions
Is Franco-Nevada Corporation (FNV) stock halal to invest in?
According to AAOIFI Shariah screening standards, Franco-Nevada Corporation (FNV) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does Franco-Nevada Corporation have any interest income?
Franco-Nevada Corporation's interest income ratio is 5.5% of total revenue. AAOIFI standards require this to be below 30%.

