Is Great Western Exploration Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Great Western Exploration Ltd (GTE.AX) is currently classified as NOT HALAL as of July 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 Great Western Exploration 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 Great Western Exploration Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Great Western Exploration Ltd?

Muslim investors may consider investing in Great Western Exploration 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 Great Western Exploration Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Great Western Exploration 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 Great Western Exploration Ltd updated?

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

Can a halal stock like Great Western Exploration 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 Great Western Exploration Ltd?

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

GTE.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

Great Western Exploration Ltd. Stock Analysis GTE.AX

Australia Materials Nano Cap Report: Q2, 2025

Great Western Exploration Ltd. engages in the exploration of gold and base metals deposits in Australia. The company is headquartered in Perth, Western Australia. The company went IPO on 2007-06-05. Its projects include Yerrida North - Oval and Oval South, Fairbairn Copper Project, Lake Way Potash, Firebird Gold Project, Golden Corridor, Yandal West, Yerrida South and Atley Gold. The Firebird Gold Project is located within the Youanmi Greenstone Belt, comprised of 100% owned GTE tenure and the adjacent Great Western-Dynamic Metals Joint Venture (Great Western earning 80%). The Yerrida North Project is located on the northern and western portions of the Yerrida Basin, approximately 800 km north-east of Perth and adjacent to the DeGrussa and Monty Cu-Au Volcanic Hosted Massive Sulphide deposits. The Fairbairn Copper Project is located 900 km north-east of Perth and 120 km from Sandfire Resources' DeGrussa copper-gold project. Its 100% owned Golden Corridor Project covers the northern extension of the Wiluna-Norseman Greenstone Belt.

Key Statistics of Great Western Exploration Ltd (GTE.AX)

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

Today's Range

AUD0.01AUD0.01

Today's Open

AUD0.01

Volume

81.43K

P/E Ratio (TTM)

52 Week Range

AUD0.01AUD0.03

Market Cap

14.77M

Avg. Volume

1.52M

Dividend Yield

Financial Metrics & Statements of Great Western Exploration Ltd (GTE.AX)

FAQ's for Great Western Exploration Ltd (GTE.AX)

According to Musaffa’s Shariah screening methodology, Great Western Exploration Ltd (GTE.AX) is currently classified as NOT HALAL as of July 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.