Is WDAY (Workday, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, WDAY is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (11.89% vs ≤33% threshold), interest income ratio (0.00% vs ≤5% threshold), and cash & securities ratio (16.94% vs ≤33% threshold).

Workday, Inc. is a leading provider of enterprise cloud applications specializing in financial management and human capital management. The company's software suite helps organizations globally manage their accounting, workforce planning, and operational analytics in real-time. For Muslim investors, Workday represents a clean, shariah-compliant technology stock, passing all four AAOIFI screening criteria. Because its core business involves software solutions rather than prohibited industries, and its financials are well within acceptable limits, it is classified as Halal. From an Islamic finance perspective, Workday boasts a very strong balance sheet. Its debt-to-market cap ratio is notably low at just 11.9%, and the company derives absolutely zero revenue from interest-bearing activities, ensuring compliance with strict halal investing standards. Since there are no major scholarly debates surrounding enterprise software, Muslim investors can feel confident holding WDAY. However, as with all tech companies, investors should continue to monitor its cash reserves and future acquisitions to ensure it maintains its strong compliance profile. Workday, Inc. operates in the Technology sector under the Software - Application industry and is headquartered in Pleasanton, CA, US. The company is led by CEO Aneel Bhusri and employs approximately 20,482 people.

WDAY was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. WDAY passed 4 of these 4 screens.

WDAY has negligible interest income, so purification may not be necessary. However, it is always advisable to consult a qualified scholar regarding your specific investment situation.

WDAY was last screened on 2026-04-29. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.