Is WWD halal?

What the company does

Woodward makes control systems for aircraft and industrial engines: fuel systems and actuators (aerospace — about 65% of revenue, commercial and military), plus components for gas turbines and truck engines. The military share is checked by the screener.

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

  Activity needs clarification: Aerospace & Defense

• Interest-bearing debt / market cap

  limit 30%

  Interest-bearing debt $1.34B ÷ 36-month average market cap $13.95B = 9.6%

  9.6%

  Pass

• Cash & investments / market cap

  limit 30%

  Cash + interest-bearing securities $474.85M ÷ 36-month average market cap $13.95B = 3.4%

  3.4%

  Pass

• Non-compliant income / total revenue

  limit 5%

  Interest income $4.19M ÷ annual revenue $3.57B (2025) = 0.1%

  0.1%

  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: $19.64B.

For information (AAOIFI 3/1 note): cash + receivables are 29.5% 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

Held by funds

Not held by any tracked fund