Is West African Resources Ltd halal to invest in?

As of July 2026, West African Resources Ltd WAF.AX is classified as 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 West African 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 West African Resources Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of West African Resources Ltd?

Muslim investors may consider investing in West African 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 West African Resources Ltd classified as HALAL?

Musaffa determines the Shariah status of West African 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 West African Resources Ltd updated?

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

Can a halal stock like West African 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 West African Resources Ltd?

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

West African Resources Ltd WAF.AX

Last Updated: Jul 21, 12:00 AM·ASX

WAF.AX Shariah Compliance

Screening Methodology: AAOIFI

As of July 2026, West African Resources Ltd is classified as halal.

HALAL

Report Source: 2025 Annual Report

West African Resources Ltd. Stock Analysis WAF.AX

Australia Materials Mid Cap Report: 2025 Annual

West African Resources Ltd. engages in the exploration and development of mineral properties. The company is headquartered in Subiaco, Western Australia. The company went IPO on 2010-06-11. The firm is engaged in mining, mineral processing, exploration, project development, community and social sustainability, and rehabilitation within the West African country of Burkina Faso. The company operates through two segments: the Mining Operations, which comprises the Sanbrado Gold Project operations located in Burkina Faso, and Construction and Exploration & Evaluation (E&E) segment comprises mines under construction and exploration and evaluation projects in locations other than Sanbrado. Its Sanbrado Gold Project is located approximately 90 kilometers (kms) east-southeast of Ouagadougou, the capital of Burkina Faso. Its Kiaka Gold Project is approximately 45 km south of Sanbrado Gold Mine in Burkina Faso. Its Toega Gold Project is located 14 km southwest of the Company’s Sanbrado gold operation. Its tenement portfolio comprises over 1,334 km2 over the Markoye fault region in central and southern Burkina Faso.

Key Statistics of West African Resources Ltd (WAF.AX)

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

Today's Range

AUD2.77AUD2.87

Today's Open

AUD2.77

Volume

5.98M

P/E Ratio (TTM)

6.73

52 Week Range

AUD2.18AUD3.97

Market Cap

3.74B

Avg. Volume

1.06M

Dividend Yield

Financial Metrics & Statements of West African Resources Ltd (WAF.AX)

Super Investors Invested in West African Resources Ltd (WAF.AX)

FAQ's for West African Resources Ltd (WAF.AX)

As of July 2026, West African Resources Ltd WAF.AX is classified as 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 West African Resources Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in West African 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 West African 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 West African 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 West African Resources Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.