What is Worksport Ltd.'s Shariah compliance score?

Worksport Ltd. (WKSP) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Worksport Ltd. pass AAOIFI screening?

Worksport Ltd. (WKSP) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. WKSP's debt-to-market-cap is 95.5%.

How much purification is needed for Worksport Ltd.?

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 percentage and amount for Worksport Ltd. (WKSP) using the latest financial data.

Where can I screen Worksport Ltd. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Worksport Ltd. (WKSP) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

WKSPNot HalalF

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Compliance Status

Not Halal

Screened on Oct 7, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Worksport Ltd. (WKSP) halal? Not Halal. Based on AAOIFI screening, Worksport Ltd. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Worksport Ltd. (WKSP) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 7, 2026. Source: https://halalscreener.app/en/stock/WKSP

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

95.5% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding WKSP

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

WKSP: Is Worksport Ltd. Halal?

Worksport Ltd.

NASDAQConsumer CyclicalUS

$0.41

Market Cap: 6.3M

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About Worksport Ltd.

Worksport Ltd., headquartered in Vaughan, Canada, is engaged in the design, manufacturing, and distribution of truck bed covers, commonly known as tonneau covers, across both Canada and the United States. Its product portfolio encompasses a range of soft covers (SC) and durable tough covers (TC). Specific models include the SC3, a tri-fold cover engineered with a rubber gasket to create a secure seal, shielding cargo from moisture and debris. The SC3pro variant allows users to effortlessly open the cover using a release cable. For heavy-duty applications, the TC3 features a robust, thick aluminum tri-cover panel with a honeycomb core, coated in a resilient, scratch-resistant black powder finish. Furthermore, the company is actively developing TerraVis, an innovative solar-powered tonneau cover that will offer portable, rechargeable power capabilities to pickup truck owners. Worksport distributes its products through an established network of wholesalers and direct online retail channels, catering to both private label brands and original equipment manufacturers. The company maintains a collaboration agreement with Greatcell Energy Pty Ltd. Worksport Ltd. formally adopted its current name in May 2020, having previously operated as Franchise Holdings International, Inc.

Sector: Consumer Cyclical · Industry: Auto - Parts

Why this does not pass

Interest-bearing debt is 95.5% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 7, 2026

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PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: EDGAR

Halal Alternatives in Consumer Cyclical

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

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Malayan United Industries Berhad

$0.05

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CUCKOO International (MAL) Berhad

$0.37

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Frequently Asked Questions

Is Worksport Ltd. (WKSP) halal to invest in?

Worksport Ltd. (WKSP) 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 Worksport Ltd. get a F compliance rating?

Worksport Ltd. (WKSP) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 95.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Worksport Ltd.'s Shariah verdict?

Worksport 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 Worksport Ltd. re-screened for Shariah compliance?

Worksport Ltd. (WKSP) 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: Oct 7, 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.