W2
Wendy's Co.
Is W2 Halal?
Fast food — current debt screen fails and non-halal food remains a qualitative concern.
What You Should Know
Wendy's March 29, 2026 filing reports debt/assets of 55.94%, liquidity/assets of 6.07%, receivables plus cash/assets of 8.61% and disclosed lease interest income of 1.24% of quarterly revenue. Restaurant investment permissibility remains nuanced where non-halal meat, alcohol, franchise and real-estate contracts are material.
⚠️ Concerns
- •Debt screen fails at 55.94% of assets
- •Non-halal meat is a primary product
- •Franchise, advertising-fund and real-estate contracts require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-29; calculated 2026-07-14.
2,754.646 / 4,924.622
298.74 / 4,924.622
423.795 / 4,924.622
6.7 / 540.637
- Financial
- Fails
- Overall
- Fails
Debt is 55.94% of assets, above the examined limit; liquidity is 6.07%, receivables plus cash are 8.61% and disclosed interest income is 1.24%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 55.94%, above the examined MSCI limit; this is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 55.94%, above the examined Malaysia financial limit; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; debt failure is independent of that denominator.
Business-activity disclosure
Wendy's operates quick-service restaurants, franchising and related real-estate activities. Restaurant investment permissibility is nuanced where non-halal meat, alcohol and franchise contracts are material; the current debt screen also fails.
Limitation: The filing does not quantify a scholar-specific prohibited-revenue numerator; the disclosed lease interest is a screen input, not a complete purification prescription.
Purification
Wendy's discloses $6.7 million of lease-related interest income but does not prescribe a scholar-approved purification percentage; the debt failure is independent.
Inputs, assumptions and primary sources
- Amounts are USD thousands converted to millions from Wendy's March 29, 2026 Form 10-Q.
- Debt includes $29.750 million current debt and $2,724.896 million long-term debt; finance and operating leases are excluded from the debt screen.
- Cash is $298.740 million; restricted advertising-fund cash is excluded and no securities balance is added.
- Accounts and notes receivable are $125.055 million and quarterly revenue is $540.637 million; disclosed interest income on sales-type and direct-financing leases is $6.7 million.
- The filing does not allocate restaurant, franchise, advertising or real-estate revenue into a universal prohibited-activity numerator.
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.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →