LACNot HalalF
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Compliance Status

Not Halal

Screened on Oct 14, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

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

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HalalScreener rates Lithium Americas Corp. (LAC) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 14, 2026. Source: https://halalscreener.app/en/stock/LAC

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%.

225.8% of 30.0% limit
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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding LAC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Lithium Americas Corp.

LAC: Is Lithium Americas Corp. Halal?

Lithium Americas Corp.

NYSEBasic MaterialsCA

$2.18

Market Cap: 486.7M

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About Lithium Americas Corp.

Lithium Americas Corp. is a resource company primarily engaged in the exploration and development of lithium deposits across the United States and Argentina. The firm holds significant interests in several key projects, including Cauchari-Olaroz in Argentina's Jujuy province, the Thacker Pass project located in northwestern Nevada, and Pastos Grandes within Argentina's Salta province. Formerly known as Western Lithium USA Corporation, the company officially rebranded to Lithium Americas Corp. in March 2016. Its establishment dates back to 2007, and its corporate headquarters are situated in Vancouver, Canada.

Sector: Basic Materials · Industry: Industrial Materials

Why this does not pass

  • Interest-bearing debt is 225.8% of market cap, over the 30% AAOIFI limit.
  • 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 14, 2026

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The verdict above is final and free.

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Screened according to AAOIFI Standard 21

Compliance History

  1. Not Halalnow

    since Aug 2026

  2. Under Review

    until the change above

  3. Not Halal

    until the change above

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

Fiscal: Q2 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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Frequently Asked Questions

Is Lithium Americas Corp. (LAC) halal to invest in?
Lithium Americas Corp. (LAC) 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 Lithium Americas Corp. get a F compliance rating?
Lithium Americas Corp. (LAC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 225.8% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Lithium Americas Corp.'s Shariah verdict?
Lithium Americas Corp.'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 Lithium Americas Corp. re-screened for Shariah compliance?
Lithium Americas Corp. (LAC) 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 14, 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.