Shariah compliance overview
HalalLabrador 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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Company Profile
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Frequently asked questions
Quick answers about Labrador Iron Ore Royalty Corporation (LIF.TO). Current Akinda screening label: Halal.
