No. As of October 2026, SIMEC Atlantis Energy Ltd (SAE.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. SIMEC Atlantis Energy Ltd does not pass Musaffa's business and financial screening criteria.
SIMEC Atlantis Energy Limited engages in the design, construction, installation, testing, operation, and maintenance of power projects. The firm's business includes battery storage projects and tidal stream. Its battery storage projects include Uskmouth Sustainable Energy Park and Mey BESS. The firm owns, develops and operates Uskmouth Sustainable Energy Park. The Uskmouth site is capable of supporting approximately 3.5-gigawatt hour (GWh) of battery storage projects. The company is planning on building owning and operating the remainder of projects on the site as an independent power producer. This includes three further projects named after the River Usk in Welsh Afon Wysg - AW1, AW2 and AW3. The Mey BESS project will see an approximately 1200 megawatt-hour (MWh) battery storage project delivered at a critical site for renewable energy projects. Its MeyGen project is a planned tidal stream project. The MeyGen offshore lease and site resource allow for a capacity out to 398 megawatts (MW) to be installed.
SIMEC Atlantis Energy Ltd SAE.L
GBX2.40 GBX0.15 (5.88%) 1D
Last Updated: Oct 03, 12:00 AM·LSE
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SAE.L Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, SIMEC Atlantis Energy Ltd is classified as not halal.
NOT HALAL
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FAQ's for SIMEC Atlantis Energy Ltd (SAE.L)
As of October 2026, SIMEC Atlantis Energy Ltd SAE.L 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 SIMEC Atlantis Energy Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in SIMEC Atlantis Energy 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 SIMEC Atlantis Energy 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 SIMEC Atlantis Energy 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 SIMEC Atlantis Energy Ltd 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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