Is SLI (SLI) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.1% / 30% | 3.8% / 30% | 0.1% / 30% | N/A | ✓ HALAL |
| DJIM | 0.1% / 33% | 3.8% / 33% | 0.1% / 33% | N/A | ✓ HALAL |
| MSCI | 0.3% / 33% | 13.5% / 33% | 0.3% / 33% | N/A | ✓ HALAL |
| S&P | 0.1% / 33% | 3.8% / 33% | 0.1% / 33% | N/A | ✓ HALAL |
| FTSE | 0.3% / 33% | 13.5% / 33% | 0.3% / 50% | N/A | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 0.0% | |
| Operating Margin | 0.0% | |
| Net Margin | 0.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$18M |
| Free Cash Flow | -$50M |
| Total Debt | $723,000 |
| Debt-to-Equity | 0.2 |
| Current Ratio | 4.2 |
| Total Assets | $287M |
Price & Trading
| Last Close | $3.50 |
| 50-Day MA | $4.41 |
| 200-Day MA | $3.70 |
| Avg Volume | 2.7M |
| Beta | 2.0 |
|
52-Week Range
$1.08
| |
About SLI (SLI)
Standard Lithium Ltd. explores for, develops, and processes lithium brine properties in the United States. Its flagship project includes the South West Arkansas Project and the Lanxess Property Project located in southern Arkansas. The company was formerly known as Patriot Petroleum Corp. and changed its name to Standard Lithium Ltd. in December 2016. The company was incorporated in 1998 and is headquartered in Vancouver, Canada.
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Frequently Asked Questions
Is SLI (SLI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SLI is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is SLI's debt ratio?
SLI's debt ratio is 0.1% 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 0.3%.
What are SLI's key financial metrics?
SLI has a market capitalization of $839M, trailing P/E ratio of 5.8.
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.