Is WTW (Willis Towers Watson Public Limited Company) Halal or Haram?

Based on our AAOIFI-standard shariah screening, WTW is Not Halal (Haram) and is not considered permissible for Muslim investors. It failed 1 of 4 compliance screens. Willis Towers Watson Public Limited Company's core business activity was found to be non-compliant.

Willis Towers Watson Public Limited Company (WTW) is a global advisory and solutions firm that operates primarily through its Health, Wealth and Career, and Risk and Broking segments. The company provides actuarial support, pension plan management, and conventional insurance broking services for corporate clients worldwide. For Muslim investors using HalalStocks.co.uk, WTW is currently classified as Not Halal (Haram). While the company successfully passes all financial ratio screens under AAOIFI standards, it fails the critical business activity screen due to its heavy involvement in the conventional insurance industry, which involves prohibited elements like gharar (excessive uncertainty). From a financial screening perspective, WTW demonstrates strong compliance, carrying a permissible debt-to-market cap ratio of 25.1% and a cash-to-market cap ratio of 11.4%. Furthermore, its interest-bearing income is virtually nonexistent at 0.00% of total revenue, highlighting a clean balance sheet despite its non-compliant core operations. Because WTW's primary revenue is fundamentally tied to conventional insurance broking and risk management, it is unlikely to become shariah-compliant in the future. Islamic investors should look toward alternative advisory or consulting firms that do not derive their primary income from the conventional financial and insurance sectors. Willis Towers Watson Public Limited Company operates in the Financial Services sector under the Insurance - Brokers industry and is headquartered in London, GB. The company is led by CEO Carl Aaron Hess and employs approximately 49,000 people.

WTW 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. WTW passed 3 of these 4 screens.

WTW 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.