Is WA Kaolin Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, WA Kaolin Ltd (WAK.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 WA Kaolin 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 WA Kaolin Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of WA Kaolin Ltd?

Muslim investors may consider investing in WA Kaolin 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 WA Kaolin Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of WA Kaolin 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 WA Kaolin Ltd updated?

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

Can a halal stock like WA Kaolin 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 WA Kaolin Ltd?

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

WAK.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 29, 2025

Report Source: 2025 2nd Quarter Report

WA Kaolin Ltd. Stock Analysis WAK.AX

Australia Materials Nano Cap Report: Q2, 2025

WA Kaolin Ltd. engages in mineral exploration, extraction and processing services. The firm is engaged in mineral exploration, extraction and processing. The firm's principal activities are the exploration and development of an inferred mineral resource of high-grade premium kaolinized granite, proprietary production and value-adding processes. The firm holds the Wickepin Kaolin Project, approximately 220km south-east of Perth, Western Australia. The Wickepin Project produces high-quality kaolin for Tier one customers in Asia and around the world. The project comprises four retention licenses (R70/40, R70/42, R70/43 and R70/44) and a single mining lease (M70/1143). The firm has a two-stage ramp-up strategy at the Wickepin Kaolin Project. The stage one optimizes production to over 200,000 tons per annum (tpa) and Stage two will ramp up production to 400,000tpa.

Key Statistics of WA Kaolin Ltd (WAK.AX)

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

Today's Range

AUD0.03AUD0.03

Today's Open

AUD0.03

Volume

429.36K

P/E Ratio (TTM)

52 Week Range

AUD0.02AUD0.05

Market Cap

52.36M

Avg. Volume

12.02K

Dividend Yield

Financial Metrics & Statements of WA Kaolin Ltd (WAK.AX)

FAQ's for WA Kaolin Ltd (WAK.AX)

According to Musaffa’s Shariah screening methodology, WA Kaolin Ltd (WAK.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.