WIPRO
Wipro Limited (India)
Is WIPRO Halal?
IT consulting and software services are generally permissible; known asset-based ratios pass while client-sector allocation remains qualitative.
What You Should Know
Wipro's March 31, 2026 Form 20-F reports INR 1,419,262 million of assets, INR 167,874 million of tracked borrowings, INR 105,555 million of cash, INR 16,504 million of financial assets, INR 220,506 million of trade and unbilled receivables and INR 926,240 million of revenue. Debt/assets is 11.83%, liquidity/assets is 8.60%, receivables plus cash/assets is 22.97% and revenue from interest is 3.06% of revenue. IT services are generally permissible, but client-sector and end-use exposure requires continuing review.
⚠️ Concerns
- •Financial-services and banking client exposure
- •Government and defense technology end uses
- •Revenue from interest of 3.06%
- •Global client and subcontractor mix
- •No universal prohibited-revenue numerator is disclosed
Current quantitative Sharia screen
Based on 20-F figures for the period ended 2026-03-31; calculated 2026-07-15.
167,874 / 1,419,262
122,059 / 1,419,262
326,061 / 1,419,262
28,367 / 926,240
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 11.83%, liquidity/assets is 8.60%, receivables-plus-cash/assets is 22.97% and interest income is 3.06% of revenue; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios are below the examined MSCI limits; client activity remains qualitative.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets and liquidity/assets pass the examined ratios; this is a ZakatInvest calculation, not an official SAC 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
Wipro provides IT consulting, software development, cloud, cybersecurity, business-process and digital services. The core technology activity is generally permissible, while financial-services, defense and client end-use exposure require qualitative review.
Limitation: The filing does not allocate revenue into a universal prohibited-activity numerator by client sector, product, or end use.
Purification
Wipro discloses INR 28,367 million of revenue from interest, but no scholar-approved prohibited-income percentage or universal activity numerator is provided.
Inputs, assumptions and primary sources
- Amounts are INR millions from Wipro's fiscal 2026 Form 20-F for the year ended March 31, 2026.
- Long-term borrowings of INR 1,962 million and current borrowings/current portion of INR 165,912 million are tracked as interest-bearing debt.
- Cash is INR 105,555 million; other current and non-current financial assets of INR 10,245 million and INR 6,259 million are used as a conservative securities proxy.
- Current and non-current trade plus unbilled receivables total INR 220,506 million; revenue is INR 926,240 million and revenue from interest is INR 28,367 million.
- IT consulting and software services are generally permissible, but client-sector allocation and financial-services engagements are not reduced to a universal prohibited-revenue 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.
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