What is Westlake Chemical Partners LP's Shariah compliance score?

Westlake Chemical Partners LP's (WLKP) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Westlake Chemical Partners LP pass AAOIFI screening?

Westlake Chemical Partners LP (WLKP) does not pass 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% (WLKP: 51.6%), (3) interest-bearing deposits below 30% (WLKP: 5.7%), and (4) prohibited income below 5% (WLKP: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Westlake Chemical Partners LP stock?

Westlake Chemical Partners LP (WLKP) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from WLKP shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Westlake Chemical Partners LP for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Westlake Chemical Partners LP (WLKP) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about WLKP's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

WLKP: Is Westlake Chemical Partners LP Halal?

Westlake Chemical Partners LP

NYSEBasic MaterialsUS

$22.60

-0.75%

Market Cap: 796.6M

Compliance Status

Not Halal

Screened on Jul 13, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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

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%.

51.6% of 30.0% limit

What this means for you

Most scholars advise not holding WLKP

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Westlake Chemical Partners LP

Westlake Chemical Partners LP concentrates on acquiring, developing, and operating facilities dedicated to ethylene production, along with related infrastructure, throughout the United States. These plants primarily function by converting ethane into ethylene. Furthermore, the partnership distributes a range of chemical co-products—such as propylene, crude butadiene, pyrolysis gasoline, and hydrogen—directly to external buyers, conducting these sales through either immediate spot transactions or established contractual agreements. Westlake Chemical Partners GP LLC serves as the entity's general partner. The company was founded in 2014 and its corporate headquarters are located in Houston, Texas.

Sector: Basic Materials · Industry: Chemicals

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 13, 2026

Compliance History

Not Halalnow
since Jun 2026
Halal
until the change above

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

Fiscal: Q1 2026Data source: EDGAR

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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IDRA+

Idaho Strategic Resources, Inc.

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HLA+

Hecla Mining Company

$15.40

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Frequently Asked Questions

Is Westlake Chemical Partners LP (WLKP) halal to invest in?

Westlake Chemical Partners LP (WLKP) 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 Westlake Chemical Partners LP get a F compliance rating?

Westlake Chemical Partners LP (WLKP) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 51.6% (limit 30%); interest-bearing deposits of 5.7% (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 Westlake Chemical Partners LP's Shariah verdict?

Westlake Chemical Partners LP'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 Westlake Chemical Partners LP re-screened for Shariah compliance?

Westlake Chemical Partners LP (WLKP) 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 13, 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.