Is Western Gold Resources Ltd halal to invest in?

As of July 2026, Western Gold Resources Ltd WGR.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.

Is Western Gold 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 Western Gold Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Western Gold Resources Ltd?

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

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

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

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

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

Western Gold Resources Ltd WGR.AX

Last Updated: Jul 21, 12:00 AM·ASX

WGR.AX Shariah Compliance

Screening Methodology: AAOIFI

As of July 2026, Western Gold Resources Ltd is classified as not halal.

NOT HALAL

Report Source: 2025 Annual Report

Western Gold Resources Ltd. Stock Analysis WGR.AX

Australia Materials Nano Cap Report: 2025 Annual

Western Gold Resources Ltd. is a gold exploration company, which engages in the exploration and evaluation of mineral resources. The company is headquartered in Perth, Western Australia. The company went IPO on 2021-07-23. The firm is the owner of the Gold Duke Project, a prospective brownfield gold project located west of Wiluna in Western Australia’s mid-west. The 100% owned Gold Duke Gold Project is located 35 kilometers (km) southwest of Wiluna within the Joyners Find Greenstone Belt. The Gold Duke Project has mining approvals at the Eagle, Emu, Golden Monarch, and Gold King deposits.

Key Statistics of Western Gold Resources Ltd (WGR.AX)

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

Today's Range

AUD0.08AUD0.09

Today's Open

AUD0.08

Volume

343.63K

P/E Ratio (TTM)

52 Week Range

AUD0.08AUD0.27

Market Cap

39.70M

Avg. Volume

57.59K

Dividend Yield

Financial Metrics & Statements of Western Gold Resources Ltd (WGR.AX)

Super Investors Invested in Western Gold Resources Ltd (WGR.AX)

FAQ's for Western Gold Resources Ltd (WGR.AX)

As of July 2026, Western Gold Resources Ltd WGR.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 Western Gold Resources Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Western Gold 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.
Musaffa determines the Shariah status of Western Gold Resources 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 Western Gold Resources 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 Western Gold Resources Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.