Is WSP Global Inc. (WSP.TO) stock halal?

No. WSP Global Inc. fails Shariah screening — see the screen table and analysis on this page for the specific business-activity or ratio reasons.

Does WSP Global Inc. pass the AAOIFI financial ratio screen?

As of 2026-03-31: interest-bearing debt is 31.7% of market cap (limit < 30%); cash plus interest-bearing securities is 2.5% (limit < 30%). The impermissible-income line is verified against the annual filing where noted on this page.

Is WSP Global Inc. held in halal ETFs like SPUS or HLAL?

No — as of our last check, WSP Global Inc. is not held by WSHR. Absence can reflect a failed screen or index scope — verify current holdings before citing.

Is WSP Global Stock Halal? WSP Global Inc. (WSP.TO) does not pass Shariah screening: interest-bearing debt / market cap is 31.7% against the < 30% limit (data as of 2026-03-31). It is not held by Shariah-screened ETFs WSHR. Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below. Reviewed 2026-06-14. Published by HalalWallet.

Is WSP Global Stock Halal?

Q: Is WSP Global Stock Halal?

Halal screening authorities disagree on WSP Global Inc.: not halal (HalalWallet (AAOIFI)); doubtful (Musaffa). Not Halal: WSP Global Inc. (WSP.TO) does not pass Shariah screening: interest-bearing debt / market cap is 31.7% against the < 30% limit (data as of 2026-03-31). It is not held by Shariah-screened ETFs WSHR. Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below. (Financial data as of 2026-03-31; basis: AAOIFI Shariah standards.)

Q: Is WSP Global Inc. held in halal ETFs like SPUS or HLAL?

No — as of our last check, WSP Global Inc. is not held by WSHR. Absence can reflect a failed screen or index scope — verify current holdings before citing.

WSP Global Inc. · WSP.TO · TSX

Not HalalNot permissible2 authorities — split

Halal screening authorities disagree on WSP Global Inc.: not halal (HalalWallet (AAOIFI)); doubtful (Musaffa).

WSP Global Inc. (WSP.TO) does not pass Shariah screening: interest-bearing debt / market cap is 31.7% against the < 30% limit (data as of 2026-03-31). It is not held by Shariah-screened ETFs WSHR. Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below.

Financial data as of 2026-03-31 · Screening basis: AAOIFI · Last reviewed 2026-06-14

HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide.

Do the halal screening authorities agree?

Authorities disagree2 of 5 authorities with a published position

HalalWallet (AAOIFI)· Not halal
Musaffa· Doubtful

Halal screening authorities disagree on WSP Global Inc.: not halal (HalalWallet (AAOIFI)); doubtful (Musaffa).

Stances are normalized from each authority's own dated public position. Disagreement usually reflects a methodology or standard difference (ratio timing, market-cap vs total-assets denominator), not an error. For the fund screens (Wahed/HLAL, SP Funds/SPUS), only a confirmed holding that passed the fund's screen counts as a pass — a non-holding is left blank because absence can reflect index scope.

Is WSP Global Stock Halal?

Halal screening authorities disagree on WSP Global Inc.: not halal (HalalWallet (AAOIFI)); doubtful (Musaffa). WSP Global Inc. (WSP.TO) does not pass Shariah screening: interest-bearing debt / market cap is 31.7% against the < 30% limit (data as of 2026-03-31). It is not held by Shariah-screened ETFs WSHR. Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below.

Interest-bearing debt / market cap: 31.7% (< 30%) — Fail
Cash + interest-bearing securities / market cap: 2.5% (< 30%) — Pass
Impermissible income / total revenue: 0.1% (< 5%) — Pass
Mainstream Shariah standards disagree on this company — see the cross-standard table below.
Financial ratios sourced from filings as of 2026-03-31.

How we read the evidence

HalalWallet's editorial synthesis of the screens, scholar positions, and sources documented on this page — not a religious ruling.

WSP Global earns its revenue by selling engineering and advisory expertise, designing transit systems, buildings, environmental remediation programs, and energy infrastructure. There is no product shelf to scrutinize: no alcohol, no tobacco, no gambling, no lending. On the business-activity screen, professional services firms like WSP pass without controversy.

The question that determines WSP's compliance status in any given quarter is financial, not operational. WSP has built itself into a global top-tier consultancy through a long series of acquisitions, and acquisitions are typically financed in part with interest-bearing debt. Under AAOIFI-style ratio screens, the level of that debt relative to the company's market value decides whether the stock screens in or out, and the answer can change with the share price and with each financing decision. A definitive, citable public screener verdict for WSP could not be verified during this research, so no status is asserted here; the stock is also not among the published WSHR holdings.

For a Canadian Muslim investor, WSP belongs on the watchlist of structurally permissible TSX businesses whose compliance comes down to balance-sheet math. Run it through Zoya or Musaffa at the time of decision, and if it currently screens out on debt, recognize that this is the recoverable kind of failure: the business itself raises no objection, and deleveraging or market-value growth can bring it back within thresholds.

Business Activity Screen

Pass· impermissible revenue ≈ 0.1% (AAOIFI limit < 5%)

WSP Global is one of the world's largest professional services and engineering consulting firms, providing design, advisory, and program management services across transportation and infrastructure, property and buildings, earth and environment, power and energy, and industry sectors. It earns fee revenue from public- and private-sector clients and reports results across geographic regions including Canada, the Americas, EMEIA, and Asia-Pacific.

Engineering and professional consulting services are a permissible business with no product-level impermissible categories (no alcohol, tobacco, gambling, or lending products). The screening consideration for WSP is quantitative: the firm has grown substantially through acquisitions financed partly with interest-bearing debt, so debt ratios are the item to verify on a current screener; no specific ratio figures are asserted here. A citable public screener verdict URL for WSP could not be verified during this research.

Financial Ratio Screen

Screen	Value	AAOIFI limit	Result
Interest-bearing debt / market cap	31.7%	< 30%	Fail
Cash + interest-bearing securities / market cap	2.5%	< 30%	Pass
Impermissible income / total revenueInterest income only — verify other impermissible revenue lines in the 10-K	0.1%	< 5%	Pass

Spot market cap at research date (consider trailing average for borderline names). Data as of 2026-03-31 · thresholds per AAOIFI Shariah standards.

This verdict uses the AAOIFI standard — the most widely used and, at a 30% debt limit, the most conservative mainstream Shariah standard. Interest-bearing debt and interest-bearing securities each stay under 30% of market cap, and impermissible income under 5% of revenue. Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets, so a borderline company can be rated differently by each. How we screen & why screeners disagree →

How WSP Global screens across Shariah standards

The standards disagree on this company. It passes some Shariah screens and fails others — which is exactly why you may see a different answer in different apps. Our headline verdict uses AAOIFI, the strictest and most widely cited mainstream standard.

Standard	Debt	Cash & interest securities	Limit / basis	Result
AAOIFI (our standard)	31.7%	2.5%	< 30% of market cap	Fail
Dow Jones Islamic / S&P Shariah thresholdDow Jones and S&P apply this limit against a trailing 24–36-month average market cap; shown here on the same point-in-time market cap for comparison.	31.7%	2.5%	< 33% of market cap	Pass
MSCI Islamic / FTSE Yasaar basisTotal-assets denominator. MSCI/FTSE also apply entry/exit buffers and a receivables screen we do not reproduce.	30.7%	2.4%	< 33.33% of total assets	Pass

HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-31) — not the providers' licensed index determinations, which can differ. Debt is interest-bearing borrowings (operating leases excluded). The impermissible-income screen (< 5% of revenue) is common to all of these standards and is shown in the ratio table above. Dow Jones and S&P apply their limit against a trailing 24–36-month average market cap; MSCI and FTSE add entry/exit buffers and a receivables screen. Full methodology →

These companies pass under some mainstream standards and fail under others — the same pattern as this verdict. That is why two apps can show different answers.

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