What is Elevra Lithium Limited's Shariah compliance score?

Elevra Lithium Limited (ELVR) has a Shariah compliance score of 80/100 (Grade: A, Very Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Elevra Lithium Limited pass AAOIFI screening?

Elevra Lithium Limited (ELVR) passes 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% (ELVR: 2.5%), (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 Elevra Lithium Limited 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 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 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 ELVR's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

ELVR: Is Elevra Lithium Limited Halal?

Elevra Lithium Limited

NASDAQBasic MaterialsAU

$60.31

+1.70%

Market Cap: 4.5B

Compliance Status

Halal

Screened on Sep 2, 2026 · AAOIFI Standard 21

Very Good

80Score

Is Elevra Lithium Limited (ELVR) halal? Halal. Based on AAOIFI screening, Elevra Lithium Limited passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 80/100 (Grade: A).

Quote this verdict

HalalScreener rates Elevra Lithium Limited (ELVR) Halal, 80/100, grade A under AAOIFI Standard 21, screened Sep 2, 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%.

2.5% of 30.0% limit

What this means for you

You can own ELVR

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened ELVR's prohibited income, but the exact share you would need to purify is part of Pro.

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

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 2, 2026

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2026Data source: FMP

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Frequently Asked Questions

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

Based on AAOIFI Standard 21 screening, Elevra Lithium Limited (ELVR) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Elevra Lithium Limited get a A compliance rating?

Elevra Lithium Limited (ELVR) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 2.5% (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: Sep 2, 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.