Is Wam Microcap Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Wam Microcap Ltd (WMI.AX) is currently classified as NOT HALAL as of October 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 Wam Microcap 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 Wam Microcap Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Wam Microcap Ltd?

Muslim investors may consider investing in Wam Microcap 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 Wam Microcap Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of Wam Microcap 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 Wam Microcap Ltd updated?

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

Can a halal stock like Wam Microcap 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 Wam Microcap Ltd?

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

WMI.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: October 20, 2025

Report Source: 2025 Annual Report

Wam Microcap Ltd. Stock Analysis WMI.AX

Australia N/A Small Cap Report: 2025 Annual

Wam Microcap Ltd is a AU-based company operating in industry. The company is headquartered in Sydney, New South Wales. The company went IPO on 2017-06-28. WAM Microcap Limited is an Australia-based investment company. The principal activity of the Company is making investments in listed companies. The Company’s investment objectives are to deliver a stream of fully franked dividends, provide capital growth in the medium-to-long term and preserve capital. The firm engages in investing activities, including cash, term deposits and equity investments. The company provides investors access to a portfolio of undervalued micro-cap growth companies with a market capitalization of less than $300 million at the time of acquisition. The company also provides exposure to relative value arbitrage and market mispricing opportunities. Its diversified investment portfolio by sector includes consumer discretionary, industrials, information technology, financials, and others. Its investment manager is MAM Pty Limited.

Key Statistics of Wam Microcap Ltd (WMI.AX)

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

Today's Range

AUD1.49AUD1.55

Today's Open

AUD1.52

Volume

360.59K

P/E Ratio (TTM)

10.36

52 Week Range

AUD1.44AUD1.85

Market Cap

446.92M

Avg. Volume

24.74K

Dividend Yield

5.79%

Financial Metrics & Statements of Wam Microcap Ltd (WMI.AX)

FAQ's for Wam Microcap Ltd (WMI.AX)

According to Musaffa’s Shariah screening methodology, Wam Microcap Ltd (WMI.AX) is currently classified as NOT HALAL as of October 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.