WIT
Wipro Ltd.
Is WIT Halal?
Indian IT services — the current liquidity screen fails despite a generally permissible core business.
What You Should Know
Wipro's March 31, 2026 Form 20-F reports debt/assets of 13.05%, liquidity/assets of 40.19%, receivables plus cash/assets of 18.80%, and disclosed interest revenue of 3.06% of revenue. Technology services are generally permissible, but the asset-based liquidity screens and customer end-use questions require review.
⚠️ Concerns
- •Liquidity/assets is 40.19%, above the examined asset-based limits
- •Financial-services, public-sector and defense customer work is not isolated
- •Large investment balance requires continuing review
- •Disclosed interest revenue is 3.06% of revenue
Current quantitative Sharia screen
Based on 20-F figures for the period ended 2026-03-31; calculated 2026-07-14.
167,874 / 1,286,520
517,029 / 1,286,520
241,805 / 1,286,520
28,367 / 926,240
- Financial
- Fails
- Overall
- Fails
Debt/assets is 13.05%, liquidity/assets is 40.19%, receivables plus cash/assets is 18.80% and disclosed interest revenue is 3.06%; liquidity exceeds the examined FTSE limit.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 40.19%, above the examined MSCI 33.33% total-assets limit; debt and receivables plus cash pass.
- Financial
- Fails
- Overall
- Fails
Liquidity/assets is 40.19%, above the examined Malaysia financial limit; this is not an official SAC classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the liquidity failure is independent of that denominator.
Business-activity disclosure
Wipro provides IT services, consulting, software and technology products. The core technology business is generally permissible in principle, while financial-services, public-sector, defense, data, AI and customer end uses require qualitative review.
Limitation: The filing does not provide a school-neutral prohibited-revenue numerator for customer industries, public-sector work, products, data services or downstream end use.
Purification
Wipro discloses INR 28,367 million of revenue from interest, approximately 3.06% of revenue. The disclosed amount is a screen input, not a scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are INR millions from Wipro's March 31, 2026 Form 20-F.
- Debt includes current borrowings of INR 165,912 million and long-term borrowings of INR 1,962 million; operating leases are excluded.
- Cash and cash equivalents are INR 105,555 million. Current investments of INR 411,474 million are treated as a conservative securities input.
- Current and non-current trade receivables total INR 136,250 million; fiscal 2026 revenue is INR 926,240 million.
- Disclosed revenue from interest is INR 28,367 million, or approximately 3.06% of revenue; it is evidence for screening, not a purification prescription.
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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