Is WSHP halal?
WeShop Holdings Limited
Doubtful
No clear verdict is possible for WeShop Holdings Limited — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.
Checked: 15 October 2026
Exchange
NASDAQ
Price
3.08
Day
-8.88%
Market cap
$42.7M
Industry
Internet Content & Information
Sector
Communication Services
Manually identified reason
Automatic screening reads the industry label, not what's inside. This company's filings were checked by hand and a hidden prohibited activity was found:
Doubtful: affiliate commission is earned on the whole basket — partners include an adult retailer and supermarkets, share not measurable
What the company does
WeShop Holdings (Jersey, operating mainly in the UK) is a shoppable social network: users recommend products and earn WePoints for purchases and referrals (planned to become convertible into company shares). Revenue comes from affiliate commissions on partner stores and advertising, and is very small. It listed on Nasdaq via a direct listing in November 2025.
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
Doubtful: affiliate commission is earned on the whole basket — partners include an adult retailer and supermarkets, share not measurable
Interest-bearing debt / market cap
limit 30%
8.0%
Pass
Cash & investments / market cap
limit 30%
0.7%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Internet Content & Information — for comparison.
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- Halal investingBlogWhy does a stock's halal status change?A stock that was halal yesterday can leave the list today. The four main reasons — and why none of them is a bug.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
Halal is the first question. The second: when to enter?
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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.