Is Westar Resources Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, Westar Resources Ltd (WSR.AX) is currently classified as NOT HALAL as of August 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 Westar 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 Westar Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of Westar Resources Ltd?

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

Musaffa determines the Shariah status of Westar 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 Westar Resources Ltd updated?

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

Can a halal stock like Westar 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 Westar Resources Ltd?

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

WSR.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: August 01, 2025

Report Source: 2025 2nd Quarter Report

Westar Resources Ltd. Stock Analysis WSR.AX

Australia Materials Nano Cap Report: Q2, 2025

Westar Resources Ltd. engages in the exploration of minerals. The company is headquartered in Perth, Western Australia. The company went IPO on 2020-12-17. The firm is focused on the discovery, acquisition and development of gold and copper focused projects in supportive jurisdictions. The Company’s projects are located in the highly prospective Pilbara, Murchison and Yilgarn regions of Western Australia, near Nullagine, Cue, Southern Cross and Sandstone. The Company’s projects include Mt Finnerty Project and Gidgee North Project, and. The Mt Finnerty Project is located about 430 kilometers (km) east-northeast of Perth and 100km northeast of Southern Cross in the Archean Marda-Diemals greenstone belt. The Gidgee North project is located approximately 640km northeast of Perth in the Murchison region of Western Australia. The Gidgee North Project comprises tenements E53/1920, E51/2044, E51/2032, E53/2227, E51/2090 and Geoff Well farm-in project E53-1832-I, covering approximately 430 square kilometers (km2).

Key Statistics of Westar Resources Ltd (WSR.AX)

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

Today's Range

AUD0.01AUD0.01

Today's Open

AUD0.01

Volume

420.00K

P/E Ratio (TTM)

52 Week Range

AUD0.00AUD0.01

Market Cap

3.22M

Avg. Volume

400.92K

Dividend Yield

Financial Metrics & Statements of Westar Resources Ltd (WSR.AX)

FAQ's for Westar Resources Ltd (WSR.AX)

According to Musaffa’s Shariah screening methodology, Westar Resources Ltd (WSR.AX) is currently classified as NOT HALAL as of August 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.