
Is Wilmington Capital Management (WCM.A) stock Halal?
As of the September 2026 screening, Wilmington Capital Management, Inc. (WCM.A) does not meet the AAOIFI Shariah Standard No. 21 threshold for the non-permissible income screen, so the stock is not currently classified as Shariah compliant. It is re-screened every month and can regain compliance if its financial structure changes.
Wilmington Capital Management is a diversified investment management company focused on allocating capital across various sectors to generate long-term value. Based in Canada, the company strategically invests in niches such as real estate, private equity, and natural resources. Wilmington Capital Management is recognized for its ability to identify and capitalize on undervalued assets or growth opportunities in these sectors. By employing a disciplined and research-driven approach, the company endeavors to create superior returns for its stakeholders. For Muslim investors, though, the most pressing question is simpler: is Wilmington Capital Management a Halal investment?
Is Wilmington Capital Management Shariah compliant?
Finance is the sector where Shariah screening does the most work, because Riba is not incidental here, it can be the product itself. Wilmington Capital Management passes the business activity screen only if its revenue comes from permissible services rather than lending at interest, and the financial screens of AAOIFI Shariah Standard No. 21 still apply in full.
Does Wilmington Capital Management pass the business activity test?
The activity screen is only part of the picture this month: Wilmington Capital Management currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The watch item in this sector is the sharpest of all: revenue must come from permissible services, not from lending at interest.
Is Wilmington Capital Management's income Halal?
No. Wilmington Capital Management's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does Wilmington Capital Management meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has WCM.A re-screened every month, and the result above always shows the latest verdict.
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 What is Riba? A Clear Guide for Ethical Muslim Investing



