EQX
Equinox Gold Corp.
Is EQX Halal?
Mid-tier gold producer — halal mining.
What You Should Know
Mines in the Americas with growth focus. Its March 31, 2026 Q1 filing reports $9,656.055 million of assets, $614.729 million of loans and borrowings, $362.965 million of cash, $136.654 million of marketable securities, $61.149 million of receivables and $861.593 million of quarterly revenue. Debt/assets is 6.37%, liquidity/assets is 5.17%, receivables-plus-cash/assets is 4.39% and disclosed finance income is 0.49% of revenue; financial screens pass while activity allocation remains qualitative. Community investment and environmental commitments.
⚠️ Concerns
- •Execution risk on development
- •Mining and reclamation exposure
Current quantitative Sharia screen
Based on 6-K figures for the period ended 2026-03-31; calculated 2026-07-15.
614.729 / 9,656.055
499.619 / 9,656.055
424.114 / 9,656.055
4.201 / 861.593
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 6.37%, liquidity/assets is 5.17%, receivables-plus-cash/assets is 4.39% and disclosed finance income is 0.49%; examined financial ratios pass, but activity allocation remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity and receivables-plus-cash are below the examined total-assets limits; activity allocation remains incomplete. This is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and identifiable conventional cash and securities are below the examined Malaysia limits; activity allocation remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
Equinox operates gold mines and development projects in the Americas. Gold extraction is retained as generally permissible, while jurisdiction, environmental obligations, asset-sale activity and by-product allocation require qualified review.
Limitation: The filing does not provide a universal prohibited-revenue numerator across metals, jurisdictions and mining contracts.
Purification
Equinox discloses $4.201 million of finance income, but no scholar-approved purification percentage is asserted for the operating business.
Inputs, assumptions and primary sources
- Amounts are USD millions from Equinox Gold's March 31, 2026 Q1 financial statements filed with its Form 6-K.
- Debt includes $614.729 million of current and non-current loans and borrowings; no additional lease liability is separately identified in the balance sheet input.
- Cash and cash equivalents are $362.965 million, marketable securities are $136.654 million and trade and other receivables are $61.149 million.
- Quarterly revenue is $861.593 million and disclosed finance income is $4.201 million, or 0.49% of revenue.
- Gold mining is retained as generally permissible qualitative activity, while jurisdiction, environmental, reclamation and by-product allocation require review.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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