WDFC
WD-40 Company
Is WDFC Halal?
Maker and marketer of maintenance and household consumer products (WD-40, 3-IN-ONE, Lava) — a permissible business, with leverage as the primary financial-screen consideration.
What You Should Know
WD-40 Company markets maintenance, homecare and cleaning products under brands including WD-40, WD-40 Specialist, 3-IN-ONE, GT85, Lava and Solvol. Its May 31, 2026 Form 10-Q reports $499.826 million of assets, $100.667 million of interest-bearing debt, $59.137 million of cash, $150.052 million of receivables and $195.119 million of quarterly net sales. Debt/assets is 20.14%, liquidity/assets is 11.83%, receivables-plus-cash/assets is 41.85% and disclosed investment interest income is 0.08%. The FTSE and Malaysia asset-based financial ratios pass, while the examined MSCI total-assets receivables limit does not; the business assessment remains qualitative.
⚠️ Concerns
- •The examined MSCI total-assets receivables-plus-cash limit is not met at 41.85%; FTSE and Malaysia asset-based ratios pass
- •Term debt and revolving credit are conventional, interest-bearing instruments — investors who object to any such issuance should weigh this even where an asset-based ratio passes
- •The filing discloses $0.156 million of investment interest income (0.08% of quarterly net sales); purification treatment remains scholar-dependent
- •As a branded consumer-products company, WD-40's revenue and margins remain sensitive to input costs, currency and consumer demand
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-05-31; calculated 2026-07-15.
100.667 / 499.826
59.137 / 499.826
209.189 / 499.826
0.156 / 195.119
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 20.14%, liquidity/assets is 11.83%, receivables-plus-cash/assets is 41.85% and disclosed interest income is 0.08%; known ratios pass while activity remains qualitative.
- Financial
- Fails
- Overall
- Fails
Debt/assets and liquidity/assets pass the examined MSCI limits, but receivables-plus-cash/assets is 41.85%, above the 33.33% total-assets limit; this is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Known debt and liquidity ratios are below the examined Malaysia limits; this is not an official classification.
- Financial
- Not calculated
- Overall
- Not calculated
A licensed historical market-cap series is not stored.
Business-activity disclosure
WD-40 Company markets maintenance, homecare and cleaning products including WD-40, WD-40 Specialist, 3-IN-ONE, GT85, Lava and Solvol. Consumer maintenance products are generally permissible, but the filing does not reduce every material, license, marketing practice or end use to a universal prohibited-revenue numerator.
Limitation: The filing does not classify every product, material, licensee, marketing practice or customer end use by a universal Sharia category; activity remains qualitative.
Purification
WD-40 discloses $0.156 million of investment interest income, but ZakatInvest does not prescribe a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from WD-40 Company's May 31, 2026 Form 10-Q.
- Interest-bearing debt is current borrowings of $15.335 million plus long-term borrowings of $85.332 million; operating lease liabilities are excluded.
- Cash and cash equivalents are $59.137 million; no separate interest-bearing securities balance was identified in the balance sheet.
- Accounts receivable, net is $150.052 million and third-quarter net sales are $195.119 million.
- The filing discloses $0.156 million of investment interest income; no fixed purification percentage is prescribed.
- Maintenance, household and cleaning products are generally permissible, while product materials, marketing and end-use activity remain qualitative.
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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