Western Copper and Gold Corporation

WRN: Is Western Copper and Gold Corporation Halal?

Western Copper and Gold Corporation

AMEXBasic MaterialsCA

$2.13

+2.90%

Market Cap: 480.6M

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Western Copper and Gold Corporation (WRN) halal? Not Halal. Based on AAOIFI screening, Western Copper and Gold Corporation has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Business activity

Involved in prohibited business activities.

Failed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

0.0% of 30.0% limit

What this means for you

Most scholars advise not holding WRN

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Western Copper and Gold Corporation

Western Copper and Gold Corporation operates as an exploration-stage entity, concentrating its efforts on discovering and advancing mineral assets across Canada. Its prospecting activities target deposits rich in gold, copper, silver, and molybdenum. The company's flagship asset is the Casino mineral property, situated in Canada's Yukon Territory, encompassing 1,136 full and partial quartz claims alongside 55 placer claims. Notably, the corporation adopted its current name, Western Copper and Gold Corporation, in October 2011, having previously been known as Western Copper Corporation. Established in 2006, its corporate headquarters are located in Vancouver, Canada.

Sector: Basic Materials · Industry: Industrial Materials

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

  • Prohibited activity detected: casino

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Basic Materials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is Western Copper and Gold Corporation (WRN) halal to invest in?
Western Copper and Gold Corporation (WRN) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Western Copper and Gold Corporation get a F compliance rating?
Western Copper and Gold Corporation (WRN) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%); interest-bearing deposits of 10.5% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Western Copper and Gold Corporation's Shariah verdict?
Western Copper and Gold Corporation's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Western Copper and Gold Corporation re-screened for Shariah compliance?
Western Copper and Gold Corporation (WRN) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 18, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.