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AAOIFI No. 21 screening

Is WST halal?

West Pharmaceutical Services, I

Halal

West Pharmaceutical Services, I passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.

Checked: 14 October 2026

Exchange

NYSE

Price

384.02

Day

+0.26%

Market cap

$26.47B

Industry

Medical Instruments & Supplies

Sector

Healthcare

What the company does

West Pharmaceutical makes drug-packaging components: rubber stoppers for injectable drugs, syringe plungers and auto-injector parts (including for GLP-1 drugs). Customers are pharma companies; its money comes from component sales.

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 $202.90M ÷ 36-month average market cap $21.65B = 0.9%

    0.9%

    Pass

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $435.80M ÷ 36-month average market cap $21.65B = 2.0%

    2.0%

    Pass

  • Non-compliant income / total revenue

    limit 5%

    Interest income $17.50M ÷ annual revenue $3.07B (2025) = 0.6%

    0.6%

    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: $26.47B.

For information (AAOIFI 3/1 note): cash + receivables are 28.2% 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

Among halal stocks
0.04% · #241 of 1455

Superinvestors

SEC 13F, 2026 Q3. Up to 45 days delayed.

Held by 2 superinvestors · Average reported price: $359.00

Exited this quarter: Viking Global Investors

All superinvestor portfolios

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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.

Earnings historyWST's next report date, EPS estimate vs actual for recent quarters and the post-earnings price move.View earnings →