What is Elevra Lithium Limited's Shariah compliance score?

Elevra Lithium Limited (ELVR) has a Shariah compliance score of 88/100 (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: 1.6%), (3) interest-bearing deposits below 30% (ELVR: 1.5%), and (4) prohibited income below 5% (ELVR: 1.9%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Elevra Lithium Limited stock?

Elevra Lithium Limited (ELVR) has a non-permissible income ratio of 1.92%. Muslim investors should purify this percentage of any dividends received and capital gains realized from ELVR shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation 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 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. 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

$64.45

+0.64%

Market Cap: 4.9B

Compliance Status

Halal

Screened on Jul 16, 2026 · AAOIFI Standard 21

Very Good

88Score

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 88/100 (Grade: A).

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%.

1.6% 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.

Purify 1.9% of your income from ELVR

That is about $1.90 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

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 Jul 16, 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 2025Data 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 1.6% (limit 30%); interest-bearing deposits of 1.5% (limit 30%); prohibited income of 1.92% (limit 5%). 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: Jul 16, 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.