What is Largo Inc.'s Shariah compliance score?

Largo Inc. (LGO) has a Shariah compliance score of 84/100 (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 Largo Inc. pass AAOIFI screening?

Largo Inc. (LGO) 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% (LGO: 0.0%), (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 Largo Inc. 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 Largo Inc. (LGO) using the latest financial data.

Where can I screen Largo Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Largo Inc. (LGO) 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 LGO's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

LGO: Is Largo Inc. Halal?

Largo Inc.

NASDAQBasic MaterialsCA

$0.75

+1.00%

Market Cap: 55.7M

Compliance Status

Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Very Good

84Score

Is Largo Inc. (LGO) halal? Halal. Based on AAOIFI screening, Largo Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 84/100 (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%.

0.0% of 30.0% limit

What this means for you

You can own LGO

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

Purification amount is Pro

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

About Largo Inc.

Headquartered in Toronto, Canada, Largo Inc. specializes in vanadium-centric solutions. The company's primary focus involves developing and marketing utility-scale electrical energy storage systems, based on vanadium technology, within Canada. Its vanadium products, sourced from the Maracás Menchen Mine in Brazil, encompass a diverse range: VPURE+ flakes for master alloys and aerospace use; VPURE flakes, ferrovanadium, and vanadium carbon nitride crucial for the steel sector; and VPURE+ powder utilized in catalyst applications. Additionally, Largo offers renewable energy solutions through its Largo Clean Energy division. The company's operations are segmented into Sales & Trading, Mine Properties, Corporate, Exploration and Evaluation Properties, and Largo Clean Energy. Established in 1988, the organization rebranded from Largo Resources Ltd. to Largo Inc. in November 2021.

Sector: Basic Materials · Industry: Industrial Materials

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

More Basic Materials Stocks

LIN

Linde plc

APD

Air Products and Chemicals, Inc.

B+

ECL

Ecolab Inc.

CTVA

Corteva, Inc.

A+

DuPont de Nemours, Inc.

B+

DOW

Dow Inc.

Free · No credit card required

Track LGO and 6,200+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started Free Browse Screener

6,200+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Largo Inc. (LGO) halal to invest in?

Based on AAOIFI Standard 21 screening, Largo Inc. (LGO) 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 Largo Inc. get a A compliance rating?

Largo Inc. (LGO) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Largo Inc.'s Shariah verdict?

Largo Inc.'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 Largo Inc. re-screened for Shariah compliance?

Largo Inc. (LGO) 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: Aug 26, 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.