What is Waystar Holding Corp.'s Shariah compliance score?

Waystar Holding Corp.'s (WAY) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Waystar Holding Corp. pass AAOIFI screening?

Waystar Holding Corp. (WAY) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (WAY: 42.3%), (3) interest-bearing deposits below 30% (WAY: 7.1%), and (4) prohibited income below 5% (WAY: 0.3%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Waystar Holding Corp. stock?

Waystar Holding Corp. (WAY) has a non-permissible income ratio of 0.26%. Muslim investors should purify this percentage of any dividends received and capital gains realized from WAY shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Waystar Holding Corp. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Waystar Holding Corp. (WAY) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about WAY's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Waystar Holding Corp. (WAY) halal? Not Halal. Based on AAOIFI screening, Waystar Holding Corp. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

WAY: Is Waystar Holding Corp. Halal?

Not Halal

Waystar Holding Corp.

NASDAQTechnologyUS

$20.82

-5.02%

AvoidBorderlineClean

About Waystar Holding Corp.

Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payment management, denial prevention and recovery, revenue capture, and analytics and reporting solutions. The company primarily serves healthcare industry. Waystar Holding Corp. was founded in 2017 and is based in Lehi, Utah.

Sector: Technology · Industry: Information Technology Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap42.3% / 30.0%

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

Tracked since Jun 2026. Updates automatically on each re-screen.

Screened: Jun 18, 2026Fiscal: Q1 2026Source: EDGAR

Financial Overview

Market Cap

4.0B

Price

$20.82

Sector

Technology

Industry

Information Technology Services

Halal Alternatives in Technology

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

UIA+

Ubiquiti Inc.

$608.16

+0.85%

RCATA+

Red Cat Holdings, Inc.

$12.68

-13.98%

PLTSA+

Platinum Analytics Cayman Limited Class A Ordinary Shares

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+0.00%

0005.KLA+

UCrest Bhd

$0.07

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0008.KLA+

Willowglen MSC Bhd

$0.30

+0.00%

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MSFT

Microsoft Corporation

A+

GOOGL

Alphabet Inc.

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AAPL

Apple Inc.

A+

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Frequently Asked Questions

Is Waystar Holding Corp. (WAY) halal to invest in?

Waystar Holding Corp. (WAY) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Waystar Holding Corp. get a F compliance rating?

Waystar Holding Corp. (WAY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 42.3% (limit 30%); interest-bearing deposits of 7.1% (limit 30%); prohibited income of 0.26% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Waystar Holding Corp.'s Shariah verdict?

Waystar Holding Corp.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Waystar Holding Corp. re-screened for Shariah compliance?

Waystar Holding Corp. (WAY) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 18, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.