Is Wesfarmers (WFAFY) Stock Halal?

Compliance Status

Halal

Screened on Oct 28, 2026 · AAOIFI Standard 21

A

Very Good

86Score

Is Wesfarmers Limited (WFAFY) halal? Halal. Based on AAOIFI screening, Wesfarmers Limited passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 86/100 (Grade: A).

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HalalScreener rates Wesfarmers Limited (WFAFY) Halal, 86/100, grade A under AAOIFI Standard 21, screened Oct 28, 2026. Source: https://halalscreener.app/en/stock/WFAFY

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

14.5% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

You can own WFAFY

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

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

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Wesfarmers Limited

WFAFY

Wesfarmers Limited

OTCConsumer CyclicalAU

$26.90

Market Cap: 61.1B

Screened on a market cap of 87.6B

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About Wesfarmers Limited

Wesfarmers Limited, an Australian conglomerate established in Perth in 1914, maintains a significant presence in retail, industrial, and services sectors, operating domestically and internationally, including New Zealand and the United Kingdom. Its extensive retail operations encompass several well-known brands: Bunnings specializes in products for construction, home renovation, gardening, and outdoor living. The company also offers a broad assortment of general consumer goods, encompassing apparel, household items, toys, leisure products, entertainment electronics, and various accessories. Officeworks, with its 168 stores, provides a comprehensive range of office supplies, technology solutions, furniture, educational resources, and value-added services like printing and on-site technical support. Beyond traditional retail, Wesfarmers delivers specialized services: Geeks2U offers technical assistance, including IT repairs, cybersecurity solutions, network setup, virus removal, and data recovery. The group's industrial arm is diverse: It manufactures and supplies industrial chemicals such as ammonia and ammonium nitrate, produces a variety of fertilizers (phosphate, nitrogen, and potassium-based in various forms), makes polyvinyl chloride (PVC) resins used in numerous applications, creates wood-plastic composite materials, and produces sodium cyanide essential for gold extraction in the mining industry. The company also engages in the extraction, marketing, and distribution of liquefied petroleum gas (LPG) and liquefied natural gas (LNG). It distributes a wide array of maintenance, repair, and operational (MRO) products, industrial safety equipment, manufactures and markets industrial gases and associated equipment, and supplies tools, protective gear, and workwear. Furthermore, Wesfarmers provides risk management, compliance, and property management services. All these diverse product and service offerings are also accessible through online channels.

Sector: Consumer Cyclical · Industry: Home Improvement

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 28, 2026
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Compliance History

Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2026Data source: FMP-ADR
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Frequently Asked Questions

Is Wesfarmers Limited (WFAFY) halal to invest in?
Based on AAOIFI Standard 21 screening, Wesfarmers Limited (WFAFY) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Wesfarmers Limited get a A compliance rating?
Wesfarmers Limited (WFAFY) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 14.5% (limit 30%); interest-bearing deposits well clear of the 30% limit; prohibited income well clear of the 5% limit. The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Wesfarmers Limited's Shariah verdict?
Wesfarmers Limited's verdict is recalculated at every re-screen, including the one that follows each new quarterly or annual report. 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 Wesfarmers Limited re-screened for Shariah compliance?
Wesfarmers Limited (WFAFY) trades in the US as an ADR, so it is screened from the company's own financial statements in its home currency, currently those for fiscal year 2026, against its home-market market cap. It is re-screened about once a week. Last screened: Oct 28, 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.

Is Wesfarmers (WFAFY) Stock Halal? Halal, 86/100 (2026)