Is West African Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, West African Resources Ltd (WAF.AX) is currently classified as 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 West African 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 West African Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of West African Resources Ltd?

Muslim investors may consider investing in West African 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 West African Resources Ltd classified as HALAL?

Musaffa determines the Shariah status of West African 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 West African Resources Ltd updated?

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

Can a halal stock like West African 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 West African Resources Ltd?

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

WAF.AX Shariah Compliance

Screening Methodology: AAOIFI

HALAL

Last Updated: April 20, 2026

Report Source: 2025 Annual Report

Analyst's Ratings for West African Resources Ltd (WAF.AX)

Based on 8 analysts giving stock ratings to West African Resources Ltd in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

West African Resources Ltd. Stock Analysis WAF.AX

Australia Materials Mid Cap Report: 2025 Annual

West African Resources Ltd. engages in the exploration and development of mineral properties. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2010-06-11. The firm is engaged in mining, mineral processing, exploration, project development, community and social sustainability, and rehabilitation within the West African country of Burkina Faso. The company operates through two segments: the Mining Operations, which comprises the Sanbrado Gold Project operations located in Burkina Faso, and Construction and Exploration & Evaluation (E&E) segment comprises mines under construction and exploration and evaluation projects in locations other than Sanbrado. Its Sanbrado Gold Project is located approximately 90 kilometers (kms) east-southeast of Ouagadougou, the capital of Burkina Faso. Its Kiaka Gold Project is approximately 45 km south of Sanbrado Gold Mine in Burkina Faso. Its Toega Gold Project is located 14 km southwest of the Company’s Sanbrado gold operation. Its tenement portfolio comprises over 1,334 km2 over the Markoye fault region in central and southern Burkina Faso.

Key Statistics of West African Resources Ltd (WAF.AX)

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

Today's Range

AUD3.26AUD3.33

Today's Open

AUD3.30

Volume

4.86M

P/E Ratio (TTM)

7.84

52 Week Range

AUD2.11AUD3.97

Market Cap

3.42B

Avg. Volume

547.42K

Dividend Yield

Financial Metrics & Statements of West African Resources Ltd (WAF.AX)

FAQ's for West African Resources Ltd (WAF.AX)

According to Musaffa’s Shariah screening methodology, West African Resources Ltd (WAF.AX) is currently classified as 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.