Lithium Plus Minerals Ltd LPM.AX
AUD0.13
Last Updated: Oct 09, 12:00 AM·ASX
Pricing for AU stocks is delayed by 24 hours
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Is Lithium Plus Minerals Ltd Stock Halal?
Shariah Compliance Analysis of LPM.AX Stock
Australia Materials Nano Cap No. As of October 2026, Lithium Plus Minerals Ltd (LPM.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Lithium Plus Minerals Ltd does not pass Musaffa's business and financial screening criteria.
Lithium Plus Minerals Ltd. operates as lithium exploration company, which focuses on the development of several drill sites in the Northern Territory of Australia. The company is headquartered in Sydney, New South Wales. The company went IPO on 2022-04-26. The Company’s projects include Bynoe Lithium Project, Arunta Lithium Projects, and Wingate Project. The Bynoe Project is situated on the Cox Peninsula, approximately 45 kilometers south of Darwin, on the northern end of the Litchfield Pegmatite Belt. The Bynoe Project includes Lei and Lianna, Cai and SW Cai, and Perseverance. The Arunta Lithium Projects consist of the Barrow Creek and Spotted Wonder projects in the Northern Arunta pegmatite province, which contains pegmatite fields and is prospective for lithium. The Wingate Project is located approximately 150 kilometers south of Darwin that covers the Wingate Mountains Pegmatite District, the southern part of the Litchfield Pegmatite Belt.
LPM.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Lithium Plus Minerals Ltd is classified as not halal.
NOT HALALLithium Plus Minerals Ltd (LPM.AX) Chart
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Financial Metrics & Statements of Lithium Plus Minerals Ltd (LPM.AX)
FAQ's for Lithium Plus Minerals Ltd (LPM.AX)
- As of October 2026, Lithium Plus Minerals Ltd LPM.AX 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 Lithium Plus Minerals Ltd using these criteria to determine its compliance status.
- Muslim investors may consider investing in Lithium Plus Minerals Ltd 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 Lithium Plus Minerals Ltd 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 Lithium Plus Minerals Ltd 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 Lithium Plus Minerals Ltd 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 Lithium Plus Minerals Ltd (LPM.AX)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.
