What is Electra Battery Materials Corporation's Shariah compliance score?

Electra Battery Materials Corporation's (ELBM) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Electra Battery Materials Corporation pass AAOIFI screening?

Electra Battery Materials Corporation (ELBM) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (ELBM: 48.5%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Electra Battery Materials Corporation stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Electra Battery Materials Corporation (ELBM) using the latest financial data.

Where can I screen Electra Battery Materials Corporation for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Electra Battery Materials Corporation (ELBM) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about ELBM's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

ELBM: Is Electra Battery Materials Corporation Halal?

Electra Battery Materials Corporation

NASDAQBasic MaterialsCA

$0.61

+2.69%

Market Cap: 64.7M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Electra Battery Materials Corporation (ELBM) halal? Not Halal. Based on AAOIFI screening, Electra Battery Materials Corporation passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

48.5% of 30.0% limit

What this means for you

Most scholars advise not holding ELBM

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Electra Battery Materials Corporation

Electra Battery Materials Corporation, established in 2011 and headquartered in Toronto, Canada, specializes in the acquisition and exploration of mineral properties across the United States and Canada. The company's primary focus is on uncovering deposits rich in cobalt and silver. A significant asset for the company is its Iron Creek cobalt-copper project, an expansive site spanning roughly 5,900 acres within Lemhi County, Idaho. Beyond its exploration activities, Electra also manages a cobalt refinery dedicated to producing materials essential for the electric vehicle battery supply chain. The company officially adopted its current name, Electra Battery Materials Corporation, in December 2021, having previously been known as First Cobalt Corp.

Sector: Basic Materials · Industry: Industrial Materials

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Basic Materials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

THMA+

International Tower Hill Mines Ltd.

$2.01

+1.01%

0205.KLA+

DPI Holdings Berhad

$0.11

+0.00%

0379.KLA+

PMW International Berhad

$0.25

+0.06%

0381.KLA+

Polymer Link Holdings Berhad

$0.21

+0.02%

0385.KLA+

BMS

$0.14

+0.00%

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Ecolab Inc.

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DuPont de Nemours, Inc.

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DOW

Dow Inc.

Free · No credit card required

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Frequently Asked Questions

Is Electra Battery Materials Corporation (ELBM) halal to invest in?

Electra Battery Materials Corporation (ELBM) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Electra Battery Materials Corporation get a F compliance rating?

Electra Battery Materials Corporation (ELBM) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 48.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Electra Battery Materials Corporation's Shariah verdict?

Electra Battery Materials Corporation's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Electra Battery Materials Corporation re-screened for Shariah compliance?

Electra Battery Materials Corporation (ELBM) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 26, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.