WMB
Williams Companies Inc.
Is WMB Halal?
Natural-gas pipelines — permissible infrastructure but high debt.
What You Should Know
Williams' March 31, 2026 filing reports debt/assets of 50.87%, liquidity/assets of 1.59% and receivables plus cash/assets of 4.41%; gross interest income is not separately disclosed. Natural-gas gathering, transmission, storage and processing can be permissible, while commodity sales, affiliates, environmental liabilities and conventional financing require review.
⚠️ Concerns
- •Debt screen fails at 50.87% of assets
- •Natural-gas infrastructure and commodity sales
- •Very high debt relative to unrestricted liquidity
- •Gross interest income and a universal prohibited-revenue numerator are unavailable
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
30,302 / 59,569
950 / 59,569
2,626 / 59,569
- Financial
- Fails
- Overall
- Fails
Debt is 50.87% of total assets, above the examined 33.333% limit; liquidity is 1.59% and receivables plus cash are 4.41%, while gross interest income is unavailable.
- Financial
- Fails
- Overall
- Fails
Debt is 50.87% of total assets, above the examined 33.33% limit; liquidity and receivables-plus-cash are below the examined total-assets limits. This is not an index-membership claim.
- Financial
- Fails
- Overall
- Fails
Debt is 50.87% of total assets, above the examined 33% limit; identifiable liquidity is below 33%. This is a calculation against SAC ratios, not an official classification of a U.S.-listed security.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible 24- or 36-month issuer market-cap history is not stored, so market-cap methods are not estimated from a current spot price.
Business-activity disclosure
Williams operates natural-gas gathering, processing, transmission, storage and related midstream infrastructure. These services can be permissible, while natural-gas and NGL end uses, commodity consideration, affiliate transactions, environmental liabilities and conventional financing require qualitative review.
Limitation: The filing does not quantify a scholar-specific prohibited-revenue numerator or gross interest-income numerator; this is not an official Sharia classification.
Purification
Gross interest income is not separately disclosed and no scholar-approved purification percentage is prescribed; no fixed amount is estimated.
Inputs, assumptions and primary sources
- Amounts are USD millions from Williams' March 31, 2026 Form 10-Q.
- Interest-bearing debt includes $248 million of long-term debt due within one year and $30,054 million of long-term debt; commercial paper was zero at quarter-end and operating leases are excluded.
- Cash and cash equivalents are $950 million; $4,520 million of investments, including equity-method and other investments, are not added as unrestricted interest-bearing securities.
- Trade and other receivables are $1,676 million and first-quarter total revenue is $3,030 million.
- The consolidated filing does not separately disclose gross interest income or 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.
Similar Stocks
Want to screen more assets?
Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.
Go to Halal Checker →