Is Golden State Mining Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Golden State Mining Ltd (GSM.AX) is currently classified as NOT HALAL as of August 2025. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Golden State Mining Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Golden State Mining Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Golden State Mining Ltd?

Muslim investors may consider investing in Golden State Mining 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.

Why is Golden State Mining Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Golden State Mining Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Golden State Mining Ltd updated?

The Shariah compliance status of Golden State Mining Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Golden State Mining Ltd become non-compliant?

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.

Where can I check the Shariah status of Golden State Mining Ltd?

You can check the latest Shariah compliance status of Golden State Mining Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

GSM.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: August 01, 2025

Report Source: 2025 2nd Quarter Report

Golden State Mining Ltd. Stock Analysis GSM.AX

Australia Materials Nano Cap Report: Q2, 2025

Golden State Mining Ltd. engages in the exploration, evaluation and development of mineral deposits. The firm's projects include Yule, Paynes Find, Southern Cross East, and Other Western Australia Projects. The Yule Project is located over 45 kilometers (km) southwest of Port Hedland in the northern Pilbara region of Western Australia and consists of approximately six granted exploration licenses and two exploration license applications covering approximately 730 square kilometers (km2). The Southern Cross East project is located approximately 60kms north-east of Southern Cross and 36kms east of Koolyanobbing in the central Yilgarn region of Western Australia and consists of three granted exploration licenses for a total of 620km2. The Canning Hill gold project consists of a single, granted exploration license (E59/2824) located approximately 80 kilometers south of Mt Magnet and 13 kilometers south of the Kirkalocka Gold mine in the Murchison region of Western Australia.

Key Statistics of Golden State Mining Ltd (GSM.AX)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

AUD0.02AUD0.02

Today's Open

AUD0.02

Volume

866.64K

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.03

Market Cap

8.20M

Avg. Volume

208.58K

Dividend Yield

Financial Metrics & Statements of Golden State Mining Ltd (GSM.AX)

FAQ's for Golden State Mining Ltd (GSM.AX)

According to Musaffa’s Shariah screening methodology, Golden State Mining Ltd (GSM.AX) is currently classified as NOT HALAL as of August 2025. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.