What is Elevra Lithium Limited's Shariah compliance score?

Elevra Lithium Limited (ELVR) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Elevra Lithium Limited pass AAOIFI screening?

Elevra Lithium Limited (ELVR) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. ELVR's debt-to-market-cap is 14.8%.

How much purification is needed for Elevra Lithium Limited?

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 percentage and amount for Elevra Lithium Limited (ELVR) using the latest financial data.

Where can I screen Elevra Lithium Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Elevra Lithium Limited (ELVR) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

ELVRNot HalalF

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Compliance Status

Not Halal

Screened on Oct 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Elevra Lithium Limited (ELVR) halal? Not Halal. Based on AAOIFI screening, Elevra Lithium Limited passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Elevra Lithium Limited (ELVR) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 18, 2026. Source: https://halalscreener.app/en/stock/ELVR

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

14.8% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding ELVR

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

ELVR: Is Elevra Lithium Limited Halal?

Elevra Lithium Limited

NASDAQBasic MaterialsAU

$27.45

-2.28%

Market Cap: 529.8M

Screened on a market cap of 762.4M

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About Elevra Lithium Limited

Sayona Mining Limited, along with its subsidiaries, is actively involved in the full lifecycle of mineral resource development, encompassing identification, acquisition, exploration, and eventual production. The company's operations span Australia and Canada, primarily focusing on uncovering lithium, graphite, and gold deposits. A cornerstone asset is the North American Lithium (NAL) project, situated in Quebec, Canada, which comprises 42 mineral claims and one mining lease, collectively covering 1,493 hectares. Additionally, Sayona Mining manages a suite of other projects, such as the Authier, Tansim, Vallée, Moblan, and Lac Albert lithium projects, the Troilus Claims, and various lithium and gold ventures in Western Australia. Established in 2000, the company was initially named DiamonEx Limited before rebranding as Sayona Mining Limited in May 2013, with its headquarters located in Brisbane, Australia.

Sector: Basic Materials · Industry: Other Precious Metals

Why this does not pass

Interest-bearing deposits are over the 30% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 18, 2026

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Institutional-grade Shariah analysis

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PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halalnow
since Oct 2026
Halal
until the change above

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

Fiscal: FY 2026Data 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:

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Johan Holdings Berhad

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Frequently Asked Questions

Is Elevra Lithium Limited (ELVR) halal to invest in?

Elevra Lithium Limited (ELVR) 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 Elevra Lithium Limited get a F compliance rating?

Elevra Lithium Limited (ELVR) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 14.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Elevra Lithium Limited's Shariah verdict?

Elevra Lithium Limited'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 Elevra Lithium Limited re-screened for Shariah compliance?

Elevra Lithium Limited (ELVR) 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: Oct 18, 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.