No. As of October 2026, Great Western Exploration Ltd (GTE.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Great Western Exploration Ltd does not pass Musaffa's business and financial screening criteria.
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.
Great Western Exploration Ltd GTE.AX
AUD0.01
Last Updated: Oct 13, 12:00 AM·ASX
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GTE.AX Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, Great Western Exploration Ltd is classified as not halal.
NOT HALAL
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FAQ's for Great Western Exploration Ltd (GTE.AX)
As of October 2026, Great Western Exploration Ltd GTE.AX 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 Great Western Exploration Ltd using these criteria to determine its compliance status.
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.
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.
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.
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 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.
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