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

WillScot Holdings Corporation

WSC: Is WillScot Holdings Corporation Halal?

Not Halal

WillScot Holdings Corporation

NASDAQIndustrialsUS

$27.41

+3.55%

About WillScot Holdings Corporation

WillScot Holdings Corporation (WSC) is a leading provider of adaptable workspace and mobile storage solutions throughout the United States, Canada, and Mexico. The company's operations are divided into two core divisions: Modular Solutions and Storage Solutions. The Modular Solutions segment offers a diverse range of temporary structures, including pre-fabricated and stackable office units, single-wide and sectional modular spaces (such as redi-plex), educational facilities like classrooms, ground-level offices, specialized blast-resistant modules, and expansive clearspan structures. Complementing this, their Storage Solutions segment supplies various portable containers, including refrigerated units, alongside different types of trailers. WillScot leases these flexible modular spaces and portable storage units to a broad spectrum of clients across industries such as construction, commercial and industrial enterprises, retail and wholesale trade, energy and natural resources, education, governmental and institutional bodies, and healthcare. The company primarily markets its offerings under the well-known WillScot and Mobile Mini brand names. Formerly known as WillScot Mobile Mini Holdings Corp., the organization officially adopted its current name, WillScot Holdings Corporation, in July 2024. Its corporate headquarters are situated in Phoenix, Arizona.

Sector: Industrials 路 Industry: Rental & Leasing Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 2026
F

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 Cap71.7% / 30.0%

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 12, 2026Fiscal: Q1 2026Source: FMP

Financial Overview

Market Cap

5.0B

Price

$27.41

Sector

Industrials

Industry

Rental & Leasing Services

Halal Alternatives in Industrials

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

Fastenal Company
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Old Dominion Freight Line, Inc.
ODFLA+

Old Dominion Freight Line, Inc.

$218.36

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Saia, Inc.
SAIAA+

Saia, Inc.

$467.89

-6.83%

Aduro Clean Technologies Inc.
ADURA+

Aduro Clean Technologies Inc.

$13.86

-1.56%

Phoenix Asia Holdings Limited Ordinary Shares
PHOEA+

Phoenix Asia Holdings Limited Ordinary Shares

$15.76

-9.62%

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Frequently Asked Questions

Is WillScot Holdings Corporation (WSC) halal to invest in?
WillScot Holdings Corporation (WSC) 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 WillScot Holdings Corporation get a F compliance rating?
WillScot Holdings Corporation (WSC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 71.7% (limit 30%); interest-bearing deposits of 0.3% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change WillScot Holdings Corporation's Shariah verdict?
WillScot Holdings Corporation'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 WillScot Holdings Corporation re-screened for Shariah compliance?
WillScot Holdings Corporation (WSC) 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 12, 2026.

Screened according to AAOIFI Standard No. 21 路 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.