What is Waystar Holding Corp.'s Shariah compliance score?

Waystar Holding Corp. (WAY) has a Shariah compliance score of 70/100 (Grade: B+, Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Waystar Holding Corp. pass AAOIFI screening?

Waystar Holding Corp. (WAY) partially passes with caution AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (WAY: 29.4%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Waystar Holding Corp. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Waystar Holding Corp. (WAY) using the latest financial data.

Where can I screen Waystar Holding Corp. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Waystar Holding Corp. (WAY) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about WAY's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

WAY: Is Waystar Holding Corp. Halal?

Waystar Holding Corp.

NASDAQHealthcareUS

$25.01

+0.68%

Market Cap: 4.8B

Compliance Status

Doubtful

Screened on Aug 30, 2026 · AAOIFI Standard 21

B+

Good

70Score

Is Waystar Holding Corp. (WAY) halal? Doubtful. Based on AAOIFI screening, Waystar Holding Corp. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 70/100 (Grade: B+).

Quote this verdict

HalalScreener rates Waystar Holding Corp. (WAY) Doubtful, 70/100, grade B+ under AAOIFI Standard 21, screened Aug 30, 2026. Source: https://halalscreener.app/en/stock/WAY

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

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

29.4% of 30.0% limit

What this means for you

You may own WAY, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

We have screened WAY's prohibited income, but the exact share you would need to purify is part of Pro.

About Waystar Holding Corp.

Waystar Holding Corp. is dedicated to developing a cloud-based software platform designed to streamline financial transactions within the healthcare industry. Their comprehensive system offers a suite of functionalities, including pre-approving finances, supporting patients with billing, overseeing claims and payments, actively preventing and recovering denied claims, enhancing revenue capture, and providing insightful analytics and reporting. The company's main clientele operates within the healthcare sector. Established in 2017, Waystar Holding Corp. is headquartered in Lehi, Utah.

Sector: Healthcare · Industry: Medical - Healthcare Information Services

Why This Stock Is Doubtful

Debt is 29.4% of market cap, only 0.6 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 30, 2026

Compliance History

Doubtfulnow
since Aug 2026
Not Halal
until the change above

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

Fiscal: Q2 2026Data source: EDGAR

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Frequently Asked Questions

Is Waystar Holding Corp. (WAY) halal to invest in?

Waystar Holding Corp. (WAY) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Waystar Holding Corp. get a B+ compliance rating?

Waystar Holding Corp. (WAY) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 29.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Waystar Holding Corp.'s Shariah verdict?

Waystar Holding Corp.'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 Waystar Holding Corp. re-screened for Shariah compliance?

Waystar Holding Corp. (WAY) 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: Aug 30, 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.