Is Western Gold Exploration Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Western Gold Exploration Ltd (WGLD.V) 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 Western Gold Exploration 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 Western Gold Exploration Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Western Gold Exploration Ltd?

Muslim investors may consider investing in Western Gold 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.

Why is Western Gold Exploration Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Western Gold Exploration 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 Western Gold Exploration Ltd updated?

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

Can a halal stock like Western Gold Exploration 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 Western Gold Exploration Ltd?

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

WGLD.V Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: April 09, 2026

Report Source: 2025 3rd Quarter Report

Western Gold Exploration Ltd. Stock Analysis WGLD.V

Canada N/A Nano Cap Report: Q3, 2025

Western Gold Exploration Ltd. is a mineral exploration company. The company is headquartered in Calgary, Alberta. The company went IPO on 2018-09-07. The firm is engaged in the exploration and development of prospective mineral properties located in Scotland, with a focus on gold and copper exploration and development. The firm is focused on the exploration of gold and critical metal deposits in Scotland across the underexplored Caledonian Appalachian terrane. The firm's principal focus is its Lorne Project, which includes the Lagalochan copper gold porphyry property located in Argyll, Scotland (the Lagalochan Property), and the adjacent and nearby properties along the Lorne Fault Zone, including Ardlochan. Lagalochan is an exploration-stage copper-gold porphyry project situated near Kilmelford, Scotland. Glasgow is the nearest city and lies 85 km to the southeast of the Lagalochan Property.

Key Statistics of Western Gold Exploration Ltd (WGLD.V)

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

Today's Range

CAD0.41CAD0.44

Today's Open

CAD0.41

Volume

37.42K

P/E Ratio (TTM)

52 Week Range

CAD0.05CAD0.44

Market Cap

9.77M

Avg. Volume

89.01K

Dividend Yield

Financial Metrics & Statements of Western Gold Exploration Ltd (WGLD.V)

FAQ's for Western Gold Exploration Ltd (WGLD.V)

According to Musaffa’s Shariah screening methodology, Western Gold Exploration Ltd (WGLD.V) 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.