West Fraser Timber Co. Ltd.

WFG: Is West Fraser Timber Co. Ltd. Halal?

West Fraser Timber Co. Ltd.

NYSEBasic MaterialsCA

$69.90

+0.76%

Market Cap: 5.3B

Compliance Status

Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

A

Very Good

89Score

Is West Fraser Timber Co. Ltd. (WFG) halal? Halal. Based on AAOIFI screening, West Fraser Timber Co. Ltd. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 89/100 (Grade: A).

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%.

6.2% of 30.0% limit

What this means for you

You can own WFG

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

Purify 0.4% of your income from WFG

That is about $0.40 of every $100 you earn from it. Donate this share to charity.

Calculate my exact amount

About West Fraser Timber Co. Ltd.

West Fraser Timber Co. Ltd. operates as a diverse forest products enterprise, actively involved in the creation, promotion, sale, and distribution of a wide array of wood-based goods. Its offerings encompass various types of lumber, including spruce-pine-fir, southern yellow pine, and treated wood, alongside engineered wood products such as medium density fiberboard (MDF) panels, plywood, oriented strand board (OSB), and laminated veneer lumber (LVL). The company also manufactures northern bleached softwood Kraft (NBSK) and bleached chemical thermo-mechanical pulp (BCTMP, which are integral to the production of diverse paper products like printing, writing, specialty, and tissue papers. Furthermore, West Fraser provides newsprint, wood chips, other residual materials, and renewable energy. Its extensive customer base includes major retail chains, building contractor suppliers, wholesalers, and industrial clients who either process the products further or use them as components in their own manufacturing. With a global reach, the company distributes its offerings across Canada, the United States, China, Europe, Asia, and many other international markets. Established in 1955, West Fraser Timber Co. Ltd. is based in Vancouver, Canada.

Sector: Basic Materials · Industry: Paper, Lumber & Forest Products

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

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

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Frequently Asked Questions

Is West Fraser Timber Co. Ltd. (WFG) halal to invest in?
Based on AAOIFI Standard 21 screening, West Fraser Timber Co. Ltd. (WFG) 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 West Fraser Timber Co. Ltd. get a A compliance rating?
West Fraser Timber Co. Ltd. (WFG) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 6.2% (limit 30%); interest-bearing deposits of 3.8% (limit 30%); prohibited income of 0.44% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change West Fraser Timber Co. Ltd.'s Shariah verdict?
West Fraser Timber Co. Ltd.'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 West Fraser Timber Co. Ltd. re-screened for Shariah compliance?
West Fraser Timber Co. Ltd. (WFG) 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.