HalalGauge
WDAY · Technology
Workday, Inc.

Is Workday, Inc. (WDAY) halal?

Workday, Inc. is considered halal under 3 of 5 standards — the scholars disagree. Below is the verdict under each of the five mainstream scholarly standards, with the deciding numbers and the source behind every threshold.

Ratios computed from Workday, Inc.'s Q2 2026 filing (source). Verdicts are re-computed when new financials are filed.

WDAY verdict by standard · 3 halal · 1 borderline · 1 not halal
  • AAOIFI Standard

    All ratio checks pass.

    Halal
  • Mufti Taqi Usmani (stricter Hanafi)

    Illiquid (tangible) assets / total assets 10.0% (limit 20%)

    Borderline
  • Dow Jones Islamic Market

    All ratio checks pass.

    Halal
  • Ja'fari (Sistani-aligned)

    All ratio checks pass.

    Halal
  • Strict / zero-tolerance

    Impermissible income / revenue 3.3% (limit 0%); Interest-bearing debt / market cap 10.1% (limit 0%); Cash + interest-bearing securities / market cap 14.4% (limit 0%)

    Not halal
Where the standards agree & differ
Halal under 3 of 5 standards
3/5 halal

The standards disagree — knowing why lets you decide which view you follow.

Why they differ
  • Illiquid-asset floor

    Tangible (illiquid) assets are 10.0% of total. Mufti Taqi require at least 20% — the only standard that imposes this floor — so WDAY fails there while the others, which have no such rule, pass.

  • Debt cap

    Interest-bearing debt is 10.1% of market cap — over the 0% cap used by Strict, but within the 30%/33% cap of AAOIFI, Mufti Taqi, DJIM and Ja'fari.

  • Cash & securities cap

    Cash + interest-bearing securities are 14.4% of market cap — above the limit Strict apply, but within AAOIFI, Mufti Taqi, DJIM and Ja'fari's.

  • Impermissible income

    Impermissible (mostly interest) income is 3.3% of revenue — Strict allow 0% here, the others up to 5%.

Each difference is computed from the exact threshold each standard publishes — not an opinion. Pick the standard your scholar follows; HalalGauge shows the receipts either way.

The numbers behind the verdict

Interest-bearing debt / market cap
10.1%
Cash + securities / market cap
14.4%
Receivables / market cap
6.2%
Impermissible income / revenue
3.3%
Illiquid (tangible) assets / total
10.0%

Thresholds and methodology differ by scholar — e.g. AAOIFI caps interest-bearing debt at 30% of market cap, DJIM at 33%, and Mufti Taqi additionally requires tangible assets to be at least 20% of total assets. That's why two screeners can disagree on the same stock.

Screen WDAY interactively See the full balance sheet How the methodologies work
Sources

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HalalGauge surfaces published scholarly methodologies with full sourcing; it does not issue fatwa or certify any security as halal. Verify with a qualified scholar before investing.