Is WIT halal?
Wipro Limited
Halal
Wipro Limited passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 15 October 2026
Exchange
NYSE
Price
1.93
Day
+3.21%
Market cap
$18.30B
Industry
Information Technology Services
Sector
Technology
What the company does
Wipro (India) is a large IT-services firm providing software development, IT outsourcing and consulting to global corporations. Revenue is IT-service contracts.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $2.23B ÷ 36-month average market cap $29.89B = 7.5%
7.5%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $4.37B ÷ 36-month average market cap $29.89B = 14.6%
14.6%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $297.85M ÷ annual revenue $9.73B (2026) = 3.1%
3.1%
Pass
Figures from the company's filings (2026-06-30), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict. Today's market cap: $18.30B.
For information (AAOIFI 3/1 note): cash + receivables are 49.5% of total assets (2026-06-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Among halal stocks
- 0.03% · #298 of 1455
- Held by funds
- SPWO 0.07%
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $2.25
All superinvestor portfoliosHalal stocks in the same industry
The largest halal stocks in Information Technology Services — for comparison.
Related articles
- Halal investingMentions WITThe trap in halal screening of ADR stocks (TSM, BABA…)Halal ratios for a foreign company's US-listed shares (ADRs) go wrong easily: currency, the ADS ratio, a broken market cap. Our own mistakes and safeguards.
- Market reviewMentions WITSeptember 2026: stocks that left and joined the halal listIn September 132 stocks left the halal list and 105 joined. The main reasons, examples — and one important methodology fix.
- Halal investingBlogHow to calculate purification for a halal stockEven a halal company earns a little interest. A simple formula and worked example for how much of your dividend to give to charity.
Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.