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 89/100 (Grade: A).
ELVR — Is Elevra Lithium Limited Halal?
HalalElevra Lithium Limited
$88.44
-0.16%
About Elevra Lithium Limited
Sayona Mining Limited, together with its subsidiaries, engages in mineral identification, acquisition, exploration, and production in Australia and Canada. The company explores for lithium, graphite, and gold deposits. Its flagship property, the North American Lithium project, comprises 42 mineral claims covering an area of 1,493 hectares and one mining lease located in Quebec, Canada. The company also operates projects, including Authier Lithium Project, Tansim Lithium Project, Vallée Lithium Project, Moblan Lithium Project, Lac Albert Lithium Project, Troilus Claims, and Western Australia Lithium & Gold Projects. The company was formerly known as DiamonEx Limited and changed its name to Sayona Mining Limited in May 2013. Sayona Mining Limited was incorporated in 2000 and is headquartered in Brisbane, Australia.
Sector: Basic Materials · Industry: Other Precious Metals
Shariah Compliance Status
Based on AAOIFI screening standards
Very Good
Strong compliance across all metrics
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Financial Ratio Screen
PassedFinancial ratios must be below AAOIFI thresholds
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.
Purify Your ELVR Dividends
1.9% non-compliant incomeELVR has 1.9% prohibited income. Calculate exactly how much of your dividends to donate.
Financial Overview
Market Cap
6.7B
Price
$88.44
Sector
Basic Materials
Industry
Other Precious Metals
More Basic Materials Stocks
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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.