WERN
Werner Enterprises
Is WERN Halal?
Trucking and logistics — permissible.
What You Should Know
Werner provides truckload transportation and logistics. Core business is permissible. Its March 31, 2026 Form 10-Q reports $3,256.196 million of assets, $931.784 million of interest-bearing debt including finance leases, $61.544 million of cash, $485.479 million of receivables and $808.610 million of quarterly operating revenue. Debt/assets is 28.62%, liquidity/assets is 1.89%, receivables-plus-cash/assets is 16.80%, and disclosed interest income is 0.19% of revenue; financial ratios pass while customer and cargo end uses remain qualitative.
⚠️ Concerns
- •Customer and cargo end-use mix
- •Finance-lease and debt leverage
- •Minor interest income
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
931.784 / 3,256.196
61.544 / 3,256.196
547.023 / 3,256.196
1.503 / 808.61
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 28.62%, liquidity/assets is 1.89%, receivables-plus-cash/assets is 16.80%, and disclosed income is 0.19% of revenue; business activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 28.62%, liquidity/assets is 1.89% and receivables-plus-cash/assets is 16.80%, below the examined MSCI limits; activity remains qualitative.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 28.62% and liquidity/assets is 1.89%; activity remains incomplete and this is a calculation against SAC ratios, not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
Werner provides truckload transportation, logistics and related services. The core activity is generally permissible, while customer industries, cargo end uses and brokerage exposure require qualitative review.
Limitation: The filing does not allocate every shipment, customer or cargo end use into a universal prohibited-activity numerator.
Purification
Werner discloses $1.503 million of interest income but does not provide a complete prohibited-activity numerator or scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Werner's March 31, 2026 Form 10-Q.
- Interest-bearing debt combines current debt of $8.600 million, long-term debt of $869.600 million, and finance-lease liabilities of $26.706 million current plus $26.878 million noncurrent; operating leases are excluded.
- Cash and cash equivalents are $61.544 million; no separate interest-bearing securities line is reported.
- Trade accounts receivable, net are $485.479 million and quarterly operating revenue is $808.610 million. Interest income is $1.503 million.
- Trucking and logistics are generally permissible, but customer industries, cargo end uses and lease financing require qualitative review.
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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