
Is Williams Cos (WMB) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. The Williams Cos., Inc. (WMB) does not meet the threshold for the interest-bearing debt screen as of September 2026, so it is not Shariah compliant.
Williams Cos is a leading energy infrastructure corporation specializing in the transportation, storage, and marketing of natural gas and natural gas liquids in the United States. Operations are organized into several segments, including Transmission & Gulf of America, Northeast Gathering & Processing, West, and Gas & NGL Marketing Services. For Muslim investors, though, the most pressing question is simpler: is Williams Cos a Halal investment?
Is Williams Cos Shariah compliant?
Extracting and selling oil, gas or materials is a permissible business, so companies like Williams Cos rarely stumble on the activity screen. The pressure point is capital structure: energy is a capital hungry industry that borrows heavily, and AAOIFI Shariah Standard No. 21 caps interest bearing debt at 30% of market capitalisation, a line that moves as commodity cycles move the share price.
Does Williams Cos pass the business activity test?
The activity screen is only part of the picture this month: Williams Cos currently fails the interest-bearing debt screen, so the overall verdict is not compliant regardless of the business itself. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.
Is Williams Cos' income Halal?
Yes, within AAOIFI's tolerance. Williams Cos' income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Williams Cos meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?



