Li-Cycle Holdings Corp LICYF
Last Updated: Sep 26, 12:00 AM·OOTC
LICYF Shariah Compliance
Screening Methodology: AAOIFI
As of August 2026, Li-Cycle Holdings Corp is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Li-Cycle Holdings Corp. Stock Analysis LICYF
United States Industrials Nano Cap Li-Cycle Holdings Corp. engages in lithium-ion battery resource recovery and lithium-ion battery recycling in North America. The company is headquartered in Toronto, Ontario and currently employs 240 full-time employees. The company went IPO on 2020-09-24. The firm is focused on recovering critical battery-grade materials to create a domestic closed-loop battery supply chain for a clean energy future. The firm leverages its sustainable and patent-protected Spoke & Hub Technologies to recycle all different types of lithium-ion batteries. At its Spokes, or pre-processing facilities, the Company recycles battery manufacturing scrap and end-of-life batteries to produce black mass, a powder-like substance which contains a number of valuable metals, including lithium, nickel and cobalt. Its Spoke products include two main product lines: battery materials (black mass) and mixed copper/aluminum. At its Hubs, or post-processing facilities, the Company plans to process black mass to produce critical battery-grade materials, including lithium carbonate, for the lithium-ion battery supply chain.
Li-Cycle Holdings Corp (LICYF) Chart
Financial Metrics & Statements of Li-Cycle Holdings Corp (LICYF)
FAQ's for Li-Cycle Holdings Corp (LICYF)
- As of August 2026, Li-Cycle Holdings Corp LICYF 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 Li-Cycle Holdings Corp using these criteria to determine its compliance status.
- Muslim investors may consider investing in Li-Cycle Holdings Corp 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 Li-Cycle Holdings Corp 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 Li-Cycle Holdings Corp 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 Li-Cycle Holdings Corp on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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