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Shariah compliance overview

Halal

Labrador Iron Ore Royalty Corporation (LIF.TO) is currently classified as Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About Labrador Iron Ore Royalty Corporation

Labrador Iron Ore Royalty Corporation maintains a substantial 15.10% ownership stake in the Iron Ore Company of Canada (IOC) via its subsidiary, Hollinger-Hanna Limited.

Labrador Iron Ore Royalty Corporation (LIF.TO) operates in the Basic Materials sector, in the Steel industry.

Why it is halal: it passes all three AAOIFI screens. Non-compliant revenue is 0.39% (limit 5%), interest-bearing debt is 0.00% (limit 30%) and interest-bearing securities and assets are 0.77% (limit 30%).

If you hold LIF.TO, give 0.39% of the dividends you receive to charity to purify the non-compliant share of its income.

Business Activity
0.39%Limit 5%Pass
Interest-bearing debt
0.00%Limit 30%Pass
Interest-bearing securities and assets
0.77%Limit 30%Pass
Dividend purification
0.39%Share of dividends to give to charityPurification calculator

Last updated: Oct 22, 2026 · Screening is informational and not a fatwa. Consult a qualified scholar for personal guidance.

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Frequently asked questions

Quick answers about Labrador Iron Ore Royalty Corporation (LIF.TO). Current Akinda screening label: Halal.