WM
Waste Management Inc.
Is WM Halal?
Waste and environmental services are generally permissible, but current leverage fails the financial screens and healthcare end uses require review.
What You Should Know
Waste Management provides collection, disposal, recycling, renewable-energy and healthcare environmental services. Its March 31, 2026 filing reports debt/assets of 50.09%, receivables plus cash/assets of 7.72%, liquidity/assets of 1.81% and no separately isolated gross interest-income numerator. The core activity is generally permissible, while landfill, medical-waste and environmental obligations remain material.
⚠️ Concerns
- •Debt/assets is 50.09% and exceeds the examined FTSE, MSCI and Malaysia limits
- •Healthcare Solutions includes regulated medical-waste handling and needs contract review
- •Landfill capacity, emissions, remediation, permitting and community impacts are material
- •Stericycle integration, debt securities, acquisitions, labor and safety require review
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
22,891 / 45,700
826 / 45,700
3,530 / 45,700
- Financial
- Fails
- Overall
- Fails
Debt/assets is 50.09%, above the examined FTSE limit; receivables plus cash/assets is 7.72% and gross interest income is unavailable.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 50.09%, exceeding the examined MSCI total-assets debt limit; this is a calculation against the named method, not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 50.09%, above the examined Malaysia SAC financial limit; this is not an official classification.
- Financial
- Not calculated
- Overall
- Fails
A licensed historical market-cap series is not stored; the debt screen fails independently.
Business-activity disclosure
Waste Management provides collection, disposal, recycling, renewable-energy and healthcare environmental services. Waste and environmental services are generally permissible, while landfill, medical-waste, energy, chemical and regulatory end uses require continuing review.
Limitation: The filing does not allocate revenue by waste stream, customer end use or prohibited activity into a reproducible prohibited-revenue numerator.
Purification
Waste Management reports interest expense, net but does not separately disclose gross interest income or prescribe a scholar-approved purification percentage; no fixed rate is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from Waste Management's March 31, 2026 Form 10-Q.
- Debt is $641 million of current long-term debt plus $22,250 million of long-term debt; operating leases are excluded.
- Cash is $158 million. Available-for-sale securities of $668 million are treated as interest-bearing securities; the filing also includes restricted cash within the reported line.
- Accounts receivable, net is $3,372 million and first-quarter operating revenues are $6,227 million.
- The filing reports interest expense, net rather than a separately isolated gross interest-income numerator, so no income percentage is estimated.
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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