Is Atlas Lithium Corp (ATLX) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 7.7% / 30% | 11.6% / 30% | 0.1% / 30% | 137.66% / 5% | ✗ NOT HALAL |
| DJIM | 7.7% / 33% | 11.6% / 33% | 0.1% / 33% | 137.66% / 5% | ✗ NOT HALAL |
| MSCI | 17.9% / 33% | 26.9% / 33% | 0.1% / 33% | 137.66% / 5% | ✗ NOT HALAL |
| S&P | 7.7% / 33% | 11.6% / 33% | 0.1% / 33% | 137.66% / 5% | ✗ NOT HALAL |
| FTSE | 17.9% / 33% | 26.9% / 33% | 0.1% / 50% | 137.66% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -64.3% | |
| Operating Margin | -21720.0% | |
| Net Margin | 0.0% | |
| Return on Equity (ROE) | -85.6% | |
| Return on Assets (ROA) | -27.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$22M |
| Free Cash Flow | -$31M |
| Total Debt | $11M |
| Debt-to-Equity | 20.2 |
| Current Ratio | 2.6 |
| Total Assets | $88M |
Price & Trading
| Last Close | $4.04 |
| 50-Day MA | $5.02 |
| 200-Day MA | $4.94 |
| Avg Volume | 509K |
| Beta | -0.1 |
|
52-Week Range
$3.54
| |
About Atlas Lithium Corp (ATLX)
Atlas Lithium Corporation operates as a mineral exploration and development company in Brazil. It operates the Minas Gerais Lithium project that consists of 85 mineral rights covering an area of 468 square kilometers located in northeastern Minas Gerais, Brazil; and Northeastern Brazil Lithium project covering an area of 71 square kilometers located in the States of Paraíba, Rio Grande do Norte, and Tocantins. The company is also involved in the exploration and development of mineral rights relating to minerals, such as rare earths, copper, titanium, graphite, nickel, iron, gold, and quartzite. The company was formerly known as Brazil Minerals, Inc. and changed its name to Atlas Lithium Corporation in October 2022. Atlas Lithium Corporation was founded in 2011 and is based in Belo Horizonte, Brazil.
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Frequently Asked Questions
Is Atlas Lithium Corp (ATLX) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Atlas Lithium Corp is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Atlas Lithium Corp's debt ratio?
Atlas Lithium Corp's debt ratio is 7.7% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 17.9%.
What are Atlas Lithium Corp's key financial metrics?
Atlas Lithium Corp has a market capitalization of $109M, and revenue of $92,491. Return on equity stands at -85.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.