Is Western Mines Group Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Western Mines Group Ltd (WMG.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 Western Mines Group 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 Mines Group Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Western Mines Group Ltd?

Muslim investors may consider investing in Western Mines Group 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 Mines Group Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Western Mines Group 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 Mines Group Ltd updated?

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

Can a halal stock like Western Mines Group 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 Mines Group Ltd?

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

WMG.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 30, 2025

Report Source: 2025 2nd Quarter Report

Western Mines Group Ltd. Stock Analysis WMG.AX

Australia Materials Nano Cap Report: Q2, 2025

Western Mines Group Ltd. engages in the mineral exploration. The company is headquartered in Perth, Western Australia. The company went IPO on 2021-07-20. The Company’s projects include Mulga Tank, Jasper Hill, Youanmi. The Mulga Tank Project comprises exploration licenses E39/2132, E39/2134, E39/2223 and exploration license application E39/2299, covering an area of 425 square kilometers (km2). The project is located 190 kilometers (km) east-northeast of Kalgoorlie in the Duketon Domain of the Burtville Terrane, in the Eastern Goldfields Province of the Yilgarn Craton, Western Australia (WA). The Jasper Hill Project lies on the Merolia Greenstone Belt and is located approximately 90 km southeast of Laverton and 50km from the Company’s Rock of Ages project. Youanmi Project consists of exploration license E57/1119 covering 12km2. The project is located approximately 70km southwest of Sandstone, in the Southern Cross Domain of the Youanmi Terrane of Yilgarn Craton, WA. Its other projects include Fraser Range and Mt Narryer.

Key Statistics of Western Mines Group Ltd (WMG.AX)

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

Today's Range

AUD0.18AUD0.20

Today's Open

AUD0.20

Volume

319.24K

P/E Ratio (TTM)

52 Week Range

AUD0.13AUD0.34

Market Cap

27.31M

Avg. Volume

3304.25

Dividend Yield

Financial Metrics & Statements of Western Mines Group Ltd (WMG.AX)

FAQ's for Western Mines Group Ltd (WMG.AX)

According to Musaffa’s Shariah screening methodology, Western Mines Group Ltd (WMG.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.