WHR

Whirlpool Corporation

DOUBTFUL — SCREEN DOES NOT PASSstock

Is WHR Halal?

Home-appliance maker whose products are permissible, but the balance sheet often carries debt above the standard threshold.

What You Should Know

Whirlpool Corporation manufactures and sells major home appliances — refrigerators, washers, dryers, dishwashers, and cooking products — under brands like Whirlpool, Maytag, and KitchenAid. Its March 31, 2026 Form 10-Q reports assets of $16,001 million, interest-bearing debt of $6,520 million, cash of $669 million, receivables of $1,276 million and quarterly net sales of $3,273 million. Debt/assets is 40.75%, liquidity/assets is 4.18% and receivables-plus-cash/assets is 12.16%; the current filing-based debt screen fails. The appliance core is generally permissible, while financing, discontinued operations and product/customer allocation remain qualitative.

⚠️ Concerns

  • Known interest-bearing debt/assets is 40.75%, above examined 33.333% limits
  • The verdict is debt-dependent and can change as debt and market value move
  • Gross interest-income numerator unavailable; no fixed purification percentage asserted
  • Household-appliance financing and discontinued operations require review
  • Re-screen before each purchase given leverage sensitivity

Current quantitative Sharia screen

Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
40.75%Above limit
Below 33.333% under FTSE Yasaar

6,520 / 16,001

Cash + interest-bearing securities / assets
4.18%Within limit
Below 33.333% under FTSE Yasaar

669 / 16,001

Receivables + cash / assets
12.16%Within limit
Below 50% under FTSE Yasaar

1,945 / 16,001

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

Debt/assets is 40.75%, above the examined limit; liquidity/assets is 4.18% and receivables-plus-cash/assets is 12.16%, while gross interest income is unavailable.

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

Debt/assets is 40.75%, above the examined MSCI total-assets limit; product and financing classification remains incomplete.

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

Debt/assets is 40.75%, above the examined Malaysia limit; 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
Fails

A licensed historical market-cap series is not stored; the asset-based debt failure remains material.

Business-activity disclosure

Whirlpool manufactures and sells household appliances, a generally permissible activity. Discontinued operations, financing arrangements and the filing's product/customer disclosures leave a universal prohibited-revenue numerator unresolved.

Limitation: The filing does not provide a universal prohibited-activity revenue numerator or a standalone gross interest-income numerator.

Purification

The filing reports interest expense but no standalone gross interest-income numerator, so no income ratio or fixed purification percentage is asserted.

Inputs, assumptions and primary sources
  • Amounts are USD millions from Whirlpool's March 31, 2026 Form 10-Q.
  • Interest-bearing debt is $351 million short-term borrowings, $586 million current maturities and $5,583 million noncurrent debt; operating leases are excluded.
  • Cash and cash equivalents are $669 million and net accounts receivable are $1,276 million.
  • First-quarter net sales are $3,273 million; the filing reports interest expense but no standalone gross interest-income numerator.
  • Household appliances are generally permissible, but discontinued operations, finance arrangements and customer/end-use allocation 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.

🧾
Own WHR? Purify your portfolio.
Per-holding purification amounts, zakat on your shares, and halal alternatives for flagged holdings — a personalized report prepared for you within 48 hours.
Order Your Report — $49 →
Track WHR and 30,000+ stocks' live compliance status with Islamicly — 50% off with code ZAKAT50.Get Islamicly →

Want to screen more assets?

Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.

Go to Halal Checker →