No. As of September 2026, Gullewa Ltd (GUL.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Gullewa Ltd does not pass Musaffa's business and financial screening criteria.
Gullewa Ltd. engages in the exploration, mining, property development and investments in equities. The company is headquartered in Sydney, New South Wales. The Company’s activities cover Gold in Western Australia, base metals, mineral royalties and land subdivision in New South Wales (NSW). The Company’s wholly owned subsidiary Central Iron Ore Limited (CIO) is an exploration and development company engaged in the search for gold in Australia. Its main focus of exploration is in the Darlot Region of Western Australia, within 10 kilometers from the Red 5 Darlot Mine. The two main projects are: Red 5 Joint Venture and British King Gold Mine. The company has a 1% royalty in several ATW Venture (Australia) Pty Ltd Mining Tenement, which include the Deflector Gold-Copper Project, located in the Gullewa Project area. The Company’s Gullewa Project is located 450 kilometers (km) north of Perth, 160 km east of Geraldton. The Company, through its fully owned subsidiary Gullpro Pty Ltd holds a 69% interest in a land subdivision at Aberglassyn.
Gullewa Ltd GUL.AX
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Last Updated: Sep 15, 12:00 AM·ASX
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GUL.AX Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Gullewa Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
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FAQ's for Gullewa Ltd (GUL.AX)
As of September 2026, Gullewa Ltd GUL.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 Gullewa Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Gullewa 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 Gullewa 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 Gullewa 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 Gullewa 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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