WBA
Walgreens Boots Alliance
Is WBA Halal?
Historical pharmacy and retail business; the WBA public ticker ceased trading after the August 2025 acquisition.
What You Should Know
Walgreens Boots Alliance operated pharmacies, retail stores and healthcare services. The latest available public-company filing (May 31, 2025) reported debt/assets of 10.61%, identifiable liquidity/assets of 1.20% and receivables plus cash/assets of 10.55%. Sycamore Partners completed the acquisition on August 28, 2025, and Walgreens now operates as a private company, so this is a historical screening record—not a current public-equity investability claim.
⚠️ Concerns
- •WBA common stock is no longer publicly traded following the August 28, 2025 acquisition
- •Alcohol, tobacco and lottery products were sold in parts of the retail business
- •The filing does not quantify prohibited-category revenue or gross interest income
- •Historical financial ratios pass the examined asset-based limits, but no current public filing is available
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2025-05-31; calculated 2026-07-14.
7,366 / 69,406
830 / 69,406
7,320 / 69,406
- Financial
- Incomplete
- Overall
- Incomplete
Debt/assets is 10.61%, liquidity/assets is 1.20% and receivables plus cash/assets is 10.55%, but gross interest income is unavailable and the issuer is no longer public.
- Financial
- Pass
- Overall
- Incomplete
Historical asset-based ratios pass the examined limits, but current issuer status and prohibited-category revenue remain incomplete; this is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Historical debt/assets and identifiable liquidity/assets are below the examined limits, but no current public issuer or activity numerator exists; this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
The ticker ceased trading, so a current licensed historical market-cap series is not calculated.
Business-activity disclosure
Walgreens operated pharmacies, retail stores and healthcare services, with alcohol, tobacco and lottery exposure in parts of the retail assortment. It is now privately owned following the August 28, 2025 acquisition and is not a current public-equity opportunity.
Limitation: The latest public filing does not allocate prohibited-category revenue or gross interest income, and no successor public issuer has supplied a current consolidated filing.
Purification
Gross interest income and a universal screened-revenue numerator are unavailable; no fixed purification percentage is prescribed.
Inputs, assumptions and primary sources
- Amounts are USD millions from Walgreens Boots Alliance's May 31, 2025 Form 10-Q and rounded to the nearest million.
- Debt is short-term debt of $429 million plus long-term debt of $6,937 million; operating lease liabilities are excluded.
- Cash is $766 million and marketable securities are $64 million. Accounts receivable is $6,554 million and quarterly sales are $38,986 million.
- Gross interest income and a universal prohibited-revenue numerator are not separately disclosed.
- Sycamore Partners completed the acquisition on August 28, 2025; WBA common stock ceased trading and this record is historical only.
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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