Is WEIR.L (The Weir Group PLC) Halal or Haram?

Based on our AAOIFI-standard shariah screening, WEIR.L 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 (26.62% vs ≤33% threshold), interest income ratio (0.61% vs ≤5% threshold), and cash & securities ratio (7.60% vs ≤33% threshold).

The Weir Group PLC is a global engineering company that designs and manufactures highly specialized original equipment for the mining and energy sectors. Operating primarily through its Minerals and ESCO segments, the company provides essential slurry handling equipment, ground engaging tools, and smart camera systems used in abrasive high-wear applications. For Muslim investors, The Weir Group represents a strong Halal investment opportunity within the industrials sector. The stock successfully passed all four AAOIFI shariah screens, meaning its core business operations and capital structure are fully compliant with Islamic finance guidelines. From a financial perspective, the company demonstrates prudent capital management that appeals to halal investors. Its debt-to-market capitalization sits comfortably at 26.6%, remaining safely below the strict 33% AAOIFI limit, while cash and securities account for a modest 7.6% of its market cap. Furthermore, impermissible interest income makes up a negligible 0.61% of total revenues. Since there are no major scholarly debates regarding the permissibility of mining and industrial machinery, investors can feel confident in this asset. However, as with any compliant stock, shareholders should periodically monitor Weir's debt levels to ensure they do not creep above the 33% threshold during future capital expansions. The Weir Group PLC operates in the Industrials sector under the Industrial - Machinery industry and is headquartered in Glasgow, GB. The company is led by CEO Jonathan Adam Stanton and employs approximately 11,444 people.

WEIR.L 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. WEIR.L passed 4 of these 4 screens.

Although WEIR.L passes all shariah screens, it does earn $15.6M in interest income (0.61% of revenue). Many scholars recommend purifying this portion by donating the equivalent percentage of any dividends received to charity. For example, if you receive $100 in dividends, you would donate approximately $0.61 to purify the income.

WEIR.L was last screened on 2026-05-01. 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.