W

Wayfair Inc.

HALAL — SCREEN DOES NOT PASSstock

Is W Halal?

Furniture and home goods retail with failed debt and liquidity screens.

What You Should Know

Wayfair's March 31, 2026 filing shows debt/assets 103.48%, liquidity/assets 37.00%, receivables plus cash/assets 40.49%, and disclosed interest income of 0.38% of quarterly revenue. Home-goods retail is generally permissible, but the quantitative screens fail and financing/product categories require qualitative review.

⚠️ Concerns

  • Debt screen fails at 103.48% of assets
  • Liquidity and receivables-plus-cash screens fail
  • Product and financing activity is not quantified

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.

USD · millions
Interest-bearing debt / assets
103.48%Above limit
Below 33.333% under FTSE Yasaar

2,970 / 2,870

Cash + interest-bearing securities / assets
37.00%Above limit
Below 33.333% under FTSE Yasaar

1,062 / 2,870

Receivables + cash / assets
40.49%Within limit
Below 50% under FTSE Yasaar

1,162 / 2,870

Non-compliant income / revenue
0.38%Within limit
No more than 5% under FTSE Yasaar

11 / 2,931

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt is 103.48% of total assets and liquidity is 37.00%, above the examined FTSE limits; receivables plus cash are 40.49%.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Fails
Overall
Fails

Debt is 103.48%, liquidity is 37.00% and receivables-plus-cash are 40.49% of total assets, above the examined MSCI limits. This is not an index-membership claim.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Fails
Overall
Fails

Debt is 103.48% and identifiable liquidity is 37.00%, both above the examined 33% limits. This is a calculation against SAC ratios, not an official classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Not calculated

A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.

Business-activity disclosure

Wayfair is an online retailer and marketplace for furniture and home goods. Retail is generally permissible, but product-level activity, financing arrangements and supplier/customer end uses are not quantified under a universal prohibited-revenue taxonomy.

Limitation: The filing does not provide a reproducible prohibited-revenue numerator for product categories, financing, alcohol or other scholar-specific activity categories.

Purification

The filing separately reports interest income at 0.38% of quarterly revenue, but ZakatInvest does not prescribe a fixed scholar-approved purification percentage and product activity remains incomplete.

Inputs, assumptions and primary sources
  • Debt combines $39 million of short-term debt with $2,931 million of long-term debt; the debt note reports $2,970 million total debt.
  • Cash uses $1,004 million of cash and cash equivalents. Short-term available-for-sale investment securities are $58 million and are included.
  • Accounts receivable are $158 million and quarterly revenue is $2,931 million.
  • The filing separately reports $11 million of interest income, or 0.38% of quarterly revenue.

This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.

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