What is Lifezone Metals Limited's Shariah compliance score?

Lifezone Metals Limited (LZM) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Lifezone Metals Limited pass AAOIFI screening?

Lifezone Metals Limited (LZM) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. LZM's debt-to-market-cap is 26.9%.

How much purification is needed for Lifezone Metals Limited?

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 percentage and amount for Lifezone Metals Limited (LZM) using the latest financial data.

Where can I screen Lifezone Metals Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Lifezone Metals Limited (LZM) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

LZMNot HalalF

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Compliance Status

Not Halal

Screened on Oct 13, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

Quote this verdict

HalalScreener rates Lifezone Metals Limited (LZM) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 13, 2026. Source: https://halalscreener.app/en/stock/LZM

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

26.9% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding LZM

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

LZM: Is Lifezone Metals Limited Halal?

Lifezone Metals Limited

NYSEBasic MaterialsIM

$3.06

Market Cap: 275.1M

Screened on a market cap of 315.6M

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About Lifezone Metals Limited

Lifezone Metals Limited (LZM) is a company specializing in the comprehensive lifecycle of battery metals, from their initial extraction and processing to their eventual recycling. The firm delivers environmentally responsible metals, noted for their low carbon and sulfur dioxide emissions, to the burgeoning electric vehicle (EV) and battery manufacturing industries. Its primary metal offerings include nickel, copper, and cobalt. Central to its operations is the Kabanga nickel project, located in North-West Tanzania. The company's corporate headquarters are situated in Ramsey, Isle of Man.

Sector: Basic Materials · Industry: Other Precious Metals

Why this does not pass

Income from prohibited sources is over the 5% 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 13, 2026

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Institutional-grade Shariah analysis

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See why LZM is rated Not Halal with institutional-grade analysis

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halalnow
since Aug 2026
Under Review
until the change above
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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+0.03%

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BMS

$0.13

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Johan Holdings Berhad

$0.03

+0.25%

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Frequently Asked Questions

Is Lifezone Metals Limited (LZM) halal to invest in?

Lifezone Metals Limited (LZM) 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 Lifezone Metals Limited get a F compliance rating?

Lifezone Metals Limited (LZM) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 26.9% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Lifezone Metals Limited's Shariah verdict?

Lifezone Metals 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 Lifezone Metals Limited re-screened for Shariah compliance?

Lifezone Metals Limited (LZM) 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 13, 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.