Is Wajax Corp. WJX stock halal to invest in?

No, as of February 2026, Wajax Corp. stock (WJX) is currently categorized as NOT Shariah Compliant. The company's status is determined by a rigorous financial screening process, which uses the criteria set by the AAOIFI (Accounting and Auditing Organization for Islamic Financial Institutions) as the primary global standard for Islamic investing. Wajax Corp. has been assessed to have exceeded the permissible financial thresholds—specifically in areas like interest-bearing debt or non-permissible income (such as income from interest)—and, therefore, does not qualify as a halal investment under the current review. For investors seeking Shariah compliant global stocks, it is essential to check the latest compliance status, as these screenings are updated regularly (e.g., monthly) or upon the release of new financial reports. You can find the most current status for Wajax Corp. and alternative halal stock options within the Tabadulat app.

How often is Wajax Corp. WJX reviewed for Shariah compliance?

At Tabadulat, we receive Shariah compliance data on Wajax Corp. WJX monthly. We apply the rigorous AAOIFI screening methodology under the direct supervision of our dedicated Shariah Supervisory Board to ensure your investments are consistently compliant.

Does Wajax Corp. WJX pass the AAOIFI Non Permissible Income criteria?

Yes, as of February 2026, Wajax Corp. stock (WJX) passes the AAOIFI Non Permissible Income criterion. The company's income from non-permissible sources, such as interest, is below the acceptable threshold set by AAOIFI.

Does Wajax Corp. WJX pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of February 2026, Wajax Corp. stock (WJX) passes the AAOIFI Interest Bearing Investments criterion. The company's interest-bearing investments are below the acceptable threshold set by AAOIFI.

Does STOCK pass the AAOIFI Interest Bearing Debt criteria?

No, as of February 2026, Wajax Corp. stock (WJX) does not pass the AAOIFI Interest Bearing Debt criterion. The company's interest-bearing debt has exceeded the permissible threshold set by AAOIFI, indicating the stock is currently not Shariah compliant for this screen.

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Wajax Corp.

TSX

Shariah-Compliant

Not Shariah

WJX

About

Wajax Corp.

WJX

Wajax Corporation is a leading Canadian industrial products and services provider, known for its extensive range of products and solutions across various sectors. Operating through three core business platforms—Equipment, Industrial Components, and Power Systems—Wajax serves a diverse array of industries, including construction, forestry, mining, oil and gas, and manufacturing. The corporation's primary function is to distribute and service heavy equipment, providing solutions that enhance operational efficiency and productivity for businesses.Wajax Corporation is significant in the market due to its comprehensive service offerings, which include equipment maintenance, repair services, and supply chain solutions. Additionally, Wajax plays a crucial role in the Canadian market by fostering relationships with global manufacturing partners, ensuring access to advanced technological solutions for Canadian industries. Headquartered in Mississauga, Ontario, the company's broad geographical presence across Canada allows it to tap into various regional markets, promoting industrial growth and competitiveness. Founded over 160 years ago, Wajax's enduring presence and adaptability underscore its pivotal role in supporting Canada's robust industrial base.

Sector:

Industrials

Industry:

Industrial Distribution

Employees:

2900

Website:

https://www.wajax.com

WJX

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Wajax Corp.

About

Wajax Corp.

WJX

Frequently asked questions

Is Wajax Corp. WJX stock halal to invest in?

How often is Wajax Corp. WJX reviewed for Shariah compliance?

Does Wajax Corp. WJX pass the AAOIFI Non Permissible Income criteria?

Does Wajax Corp. WJX pass the AAOIFI Interest Bearing Investments criteria?

Does STOCK pass the AAOIFI Interest Bearing Debt criteria?

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