Is Western Yilgarn NL halal to invest in?

According to Musaffa's Shariah screening methodology, Western Yilgarn NL (WYX.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 Yilgarn NL 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 Yilgarn NL using these criteria to determine its compliance status.

Can Muslims buy shares of Western Yilgarn NL?

Muslim investors may consider investing in Western Yilgarn NL 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 Yilgarn NL classified as NOT HALAL?

Musaffa determines the Shariah status of Western Yilgarn NL 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 Yilgarn NL updated?

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

Can a halal stock like Western Yilgarn NL 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 Yilgarn NL?

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

WYX.AX Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: July 31, 2025

Report Source: 2025 2nd Quarter Report

Western Yilgarn NL. Stock Analysis WYX.AX

Australia Materials Nano Cap Report: Q2, 2025

Western Yilgarn NL engages in mineral exploration activities. The company is headquartered in Perth, Western Australia. The company went IPO on 2007-05-25. The Company’s projects include Julimar West, and PGE projects, which include the Mount Magnet, Sylvania, Bulga and Melbourne. The Julimar West project covers a total area of approximately 349 square kilometers (km2) within the Darling Ranges located approximately 75 kilometers (km) northeast of Perth, Western Australia. The PGE Projects are primarily located in the Eastern Goldfields and Pilbara regions of Western Australia. The Mount Magnet Project comprises two separate exploration licenses E59/2496 (Boodanoo) and E58/562 (Challa). The Sylvania Project comprises a single granted exploration license, E52/3861, which covers an area of approximately 138km2. The Bulga Project comprises two granted exploration licenses (E36/1010 and E36/1011) covering a combined area of 118 km2 and exploration license application E36/1025. The Melbourne Project comprises two granted exploration licenses (E70/5767 and E70/5921).

Key Statistics of Western Yilgarn NL (WYX.AX)

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

Today's Range

AUD0.04AUD0.04

Today's Open

AUD0.04

Volume

100.25K

P/E Ratio (TTM)

52 Week Range

AUD0.02AUD0.08

Market Cap

6.14M

Avg. Volume

49.14K

Dividend Yield

Financial Metrics & Statements of Western Yilgarn NL (WYX.AX)

FAQ's for Western Yilgarn NL (WYX.AX)

According to Musaffa’s Shariah screening methodology, Western Yilgarn NL (WYX.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.