Is Wipro Limited (WIT) halal? Doubtful. Based on AAOIFI screening, Wipro Limited passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 52/100 (Grade: C+).

Wipro Limited

WIT: Is Wipro Limited Halal?

Doubtful

Wipro Limited

NYSETechnologyIN

$2.48

+4.64%

Purify ~3.1% of income

About Wipro Limited

Wipro Limited is a global enterprise that specializes in providing information technology (IT), consulting, and business process services. The company organizes its operations into three distinct divisions: IT Services, IT Products, and India State Run Enterprise Services (ISRE). The IT Services division delivers a comprehensive suite of IT and IT-enabled solutions. These offerings span strategic digital advisory, bespoke customer experience design, expert technology and IT consultation, and the complete lifecycle of custom application management – from design and development to re-engineering and ongoing maintenance. Additionally, this segment handles systems integration, the deployment of packaged software, management of cloud and infrastructure environments, optimization of business processes, and advanced services in cloud computing, mobile technology, and data analytics, alongside research and development, and hardware and software design for various enterprises. Wipro caters to a diverse clientele across numerous industrial verticals, including healthcare, life sciences, consumer products, retail, transportation, communications, media, information services, technology platforms, banking, financial services, insurance, manufacturing, high-tech industries, and the energy and utilities sectors. The IT Products segment supplies an assortment of third-party information technology items. This inventory includes enterprise-level platforms, networking apparatus, various software and data storage solutions, contact center infrastructure, robust enterprise security systems, IT optimization tools, video communication solutions, and end-user computing devices. Its primary market for these products is India, where it serves enterprises in sectors such as government, defense, IT and IT-enabled services, telecommunications, manufacturing, utilities, education, and financial services. Finally, the India State Run Enterprise Services (ISRE) division is dedicated to furnishing IT services to organizations and governmental departments either owned or controlled by the Indian federal government and/or individual Indian state administrations. Wipro Limited was established in 1945 and maintains its corporate headquarters in Bengaluru, India.

Sector: Technology · Industry: Information Technology Services

Why This Stock Is Doubtful

  • Interest-bearing deposits are 28.1% of market cap, only 1.9 points below the 30% limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 18, 2026
C+

Fair

Some financial ratios approaching limits

52Score

Business Activity Screen

Passed

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

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap10.5% / 30.0%

Compliance History

  1. Doubtfulnow

    since Jun 2026

  2. Not Halal

    until the change above

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

Screened: Jun 18, 2026Fiscal: FY 2026Source: FMP-ADR

Purify Your WIT Dividends

3.1% non-compliant income

WIT has 3.1% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

26.0B

Price

$2.48

Sector

Technology

Industry

Information Technology Services

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Frequently Asked Questions

Is Wipro Limited (WIT) halal to invest in?
Wipro Limited (WIT) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.
Why did Wipro Limited get a C+ compliance rating?
Wipro Limited (WIT) received a grade of C+ (Fair) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 10.5% (limit 30%); interest-bearing deposits of 28.1% (limit 30%); prohibited income of 3.06% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Wipro Limited's Shariah verdict?
Wipro Limited'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 Wipro Limited re-screened for Shariah compliance?
Wipro Limited (WIT) 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.