No. As of October 2026, Technology Minerals PLC (TM1.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Technology Minerals PLC does not pass Musaffa's business and financial screening criteria.
Technology Minerals Plc is an investment holding company, which engages in the production of battery metals. The company is focused on raw material exploration required for lithium-ion batteries, solving the ecological issue of spent lithium-ion batteries, by recycling them for re-use by battery manufacturers. The company has a portfolio of battery metal projects focused on cobalt, lithium, copper, nickel, and manganese. Its projects include Asturmet, Blackbird, Emperium and Technology Minerals Cameroon (TMC). The Asturmet Project, based in the principality of Asturias, north-west Spain, consists of eight exploration permits. The Blackbird Creek Property is located in Lemhi County, Idaho, covering an area of 1,285 hectares. The Emperium Project is located in east-central Idaho. The TMC property consists of five exploration permits in south-eastern Cameroon. The company also holds a 49% interest in the battery recycling business.
Technology Minerals PLC TM1.L
GBX0.09 GBX0.01 (11.27%) 1D
Last Updated: Oct 16, 12:00 AM·LSE
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TM1.L Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Technology Minerals PLC is classified as not halal.
NOT HALAL
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FAQ's for Technology Minerals PLC (TM1.L)
As of October 2026, Technology Minerals PLC TM1.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 Technology Minerals PLC using these criteria to determine its compliance status.
Muslim investors may consider investing in Technology Minerals 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 Technology Minerals 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 Technology Minerals 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 Technology Minerals PLC 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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