Savannah Resources Plc AME.AQ
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Is Savannah Resources Plc Stock Halal?
Shariah Compliance Analysis of AME.AQ Stock
United Kingdom Materials Micro Cap No. As of September 2026, Savannah Resources Plc (AME.AQ) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Savannah Resources Plc does not pass Musaffa's business and financial screening criteria.
Savannah Resources Plc engages in the exploration and development of mining properties. The firm is focused on developing the Barroso Lithium Project in Portugal, Europe's spodumene lithium deposit. The Barroso Lithium Project contains spodumene lithium resources in Western Europe, consisting of five deposits, including Grandao, Reservatorio, Pinheiro, NOA, and Aldeia. The Barroso Lithium Project is located in northern Portugal near the town of Boticas and over 145 kilometers (km) by road from the deep-water port of Leixoes near the city of Porto. The Barroso Lithium project covers an area of over 8.36 square kilometers (km2) in the Barroso hills of northeast Portugal and consists of the C-100 Mining Lease (5.42km2) and an adjacent, three block, mining lease application area (2.94 km2). The company owns significant lithium raw material assets within the European Union. By responsibly producing lithium raw material, it actively supports the creation of a new lithium value chain in Portugal and the rest of Europe.
AME.AQ Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Savannah Resources Plc is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Savannah Resources Plc (AME.AQ) Chart
Financial Metrics & Statements of Savannah Resources Plc (AME.AQ)
FAQ's for Savannah Resources Plc (AME.AQ)
- As of September 2026, Savannah Resources Plc AME.AQ is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
- A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Savannah Resources Plc using these criteria to determine its compliance status.
- Muslim investors may consider investing in Savannah Resources Plc if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
- Musaffa determines the Shariah status of Savannah Resources Plc by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
- The Shariah compliance status of Savannah Resources Plc may be updated periodically when new financial statements, earnings reports, or business activity information become available.
- Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
- You can check the latest Shariah compliance status of Savannah Resources Plc on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for Savannah Resources Plc (AME.AQ)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
