What is Elevra Lithium Limited's Shariah compliance score?

Elevra Lithium Limited (ELVR) has a Shariah compliance score of 89/100 (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: 1.1%), (3) interest-bearing deposits below 30% (ELVR: 1.1%), 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).

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?

Halal

Elevra Lithium Limited

NASDAQBasic MaterialsAU

$88.44

-0.16%

AvoidBorderlineClean

Purify ~1.9% of income

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

AAOIFI Standard 21Updated Jun 17, 2026

Very Good

Strong compliance across all metrics

89Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap1.1% / 30.0%

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.

Screened: Jun 17, 2026Fiscal: FY 2025Source: FMP

Purify Your ELVR Dividends

1.9% non-compliant income

ELVR 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

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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 1.1% (limit 30%); interest-bearing deposits of 1.1% (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: Jun 17, 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.