No. As of October 2026, Caracal Gold PLC (GCAT.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Caracal Gold PLC does not pass Musaffa's business and financial screening criteria.
Caracal Gold Plc engages in the exploration, development, and mining of gold in Kenya and Tanzania. The Company’s principal activity is exploration, development, and mining of gold in Kenya and Tanzania. The company operates through three segments, namely Kenya, Tanzania, and United Kingdom. The Company’s projects include Kilimapesa Gold Project, and Nyakafuru Gold Project. Kilimapesa Gold Mine is located on the prolific Migori Greenstone Gold Belt in Southwest Kenya, covering a total surface area of about 586,600 kilometers. The mine consists of two open pits and an underground mine consisting of 4 adits. Its Nyakafuru Gold Project is located within the Nyanzian System of the Lake Victoria Gold Fields in the northern part of the Archaean Tanzania Craton. The Nyakafuru Gold Project has 11 granted exploration licenses over 280-kilometer square (km2) with four key deposit areas-Voyager, Mentelle, Cullen, Leeuwin-Grange-and other exploration targets.
Caracal Gold PLC GCAT.L
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Last Updated: Nov 01, 12:00 AM·LSE
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GCAT.L Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Caracal Gold PLC is classified as not halal.
NOT HALAL
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FAQ's for Caracal Gold PLC (GCAT.L)
As of October 2026, Caracal Gold PLC GCAT.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 Caracal Gold PLC using these criteria to determine its compliance status.
Muslim investors may consider investing in Caracal Gold 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 Caracal Gold 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 Caracal Gold 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 Caracal Gold 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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