WWD
Woodward, Inc.
Is WWD Halal?
Aerospace and industrial control-systems maker with known financial ratios passing; activity classification remains incomplete.
What You Should Know
Woodward, Inc. designs and manufactures fuel, motion and control systems for aircraft engines, industrial turbines and engines. Its March 31, 2026 Form 10-Q reports assets of $4,969.112 million, interest-bearing debt of $1,123.278 million, cash of $501.169 million and accounts receivable of $931.231 million. Debt/assets is 22.61%, liquidity/assets is 10.09% and receivables-plus-cash/assets is 28.83%; disclosed interest income is 0.07% of quarterly revenue. The known financial ratios pass the examined FTSE Yasaar, MSCI and Malaysia limits, but defense, aerospace and industrial end-use classification remains incomplete, so the stored result is incomplete.
⚠️ Concerns
- •Known debt, liquidity, receivables and disclosed-income ratios pass the examined limits
- •Aerospace and defense programs require scholar-specific end-use review
- •Government and military customer exposure is not fully allocated in segment revenue
- •Disclosed interest income is 0.07% of quarterly revenue; no fixed purification percentage is inferred
- •Re-screen after the next filing or a material contract/end-use change
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
1,123.278 / 4,969.112
501.169 / 4,969.112
1,432.4 / 4,969.112
0.715 / 1,090.568
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 22.61%, liquidity is 10.09%, receivables plus cash is 28.83% and disclosed income/revenue is 0.07%, within examined FTSE limits; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 22.61%, liquidity is 10.09% and receivables plus cash is 28.83%, below examined MSCI total-assets limits; activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 22.61% and liquidity is 10.09%, below the examined 33% limits; activity remains incomplete and this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and activity classification remains incomplete.
Business-activity disclosure
Woodward designs control systems and components for aerospace, defense and industrial applications. Engineering and manufacturing are generally permissible, but defense contracts and end uses require continuing qualitative review.
Limitation: The filing does not provide a reproducible prohibited-revenue numerator for defense or other customer end uses.
Purification
The filing discloses $0.715 million of interest income (0.07% of quarterly revenue), but no scholar-approved fixed purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions converted from Woodward's thousands-of-dollars presentation for March 31, 2026.
- Debt combines $623.000 million short-term debt, $46.905 million current long-term debt and $453.373 million long-term debt; operating leases are excluded.
- Cash includes $501.169 million cash and cash equivalents, including $3.6 million restricted cash on a conservative basis; no interest-bearing securities are separately identified.
- Accounts receivable is $931.231 million, quarterly revenue is $1,090.568 million and disclosed interest income is $0.715 million.
- The known financial ratios pass the examined limits, but activity and purification remain incomplete.
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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