Is WA1 Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, WA1 Resources Ltd (WA1.AX) is currently classified as NOT HALAL as of April 2026. 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 WA1 Resources 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 WA1 Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of WA1 Resources Ltd?

Muslim investors may consider investing in WA1 Resources 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 WA1 Resources Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of WA1 Resources 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 WA1 Resources Ltd updated?

The Shariah compliance status of WA1 Resources Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like WA1 Resources 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 WA1 Resources Ltd?

You can check the latest Shariah compliance status of WA1 Resources Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

WA1.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 24, 2026

Report Source: 2026 2nd Quarter Report

WA1 Resources Ltd. Stock Analysis WA1.AX

Australia Materials Small Cap Report: Q2, 2026

WA1 Resources Ltd. engages in the exploration, evaluation, and development of mineral resources. The firm is primarily involved in the mineral exploration and project development in Western Australia. The firm owns 100% of two exploration projects in Western Australian. The West Arunta Project, which contains the Luni niobium deposit, is located in Western Australia, approximately 590 kilometers (km) west of Alice Springs. The Madura Project tenements are located approximately 540 km east of Kalgoorlie, with noncontiguous tenements extending to near the south coast of Western Australia. The exploration project comprises seven granted Exploration Licenses and two Exploration License applications in the Madura Province of southeastern Western Australia.

Key Statistics of WA1 Resources Ltd (WA1.AX)

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

Today's Range

AUD15.15AUD16.04

Today's Open

AUD16.00

Volume

151.06K

P/E Ratio (TTM)

52 Week Range

AUD12.11AUD22.28

Market Cap

1.12B

Avg. Volume

22.42K

Dividend Yield

Financial Metrics & Statements of WA1 Resources Ltd (WA1.AX)

FAQ's for WA1 Resources Ltd (WA1.AX)

According to Musaffa’s Shariah screening methodology, WA1 Resources Ltd (WA1.AX) is currently classified as NOT HALAL as of April 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.