Yes. As of October 2026, WEG SA (WEGE3.SA) is classified as HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. WEG SA passes Musaffa's business and financial screening criteria.
WEG SA engages in the production and trade of capital goods such as electric motors, generators and transformers, gear units, and geared motors. The company is headquartered in Jaragua Do Sul, Santa Catarina and currently employs 49,258 full-time employees. The firm is active, along with its subsidiaries, in the manufacture and marketing of goods, such as electric motors, generators and transformers; reducers, geared reducers, frequency inverters, starter motors and maneuver devices; control and protection of electric circuits and industrial automation; electric traction solutions (land and sea); solutions for the generation of renewable and distributed energy, exploring all opportunities in small hydroelectric plants and thermal biomass, wind and solar energy sources; no-breaks and alternators for groups of generators; electric substations; industrial electrical and electronic equipment systems, and industrial paint & varnish. The company is active in Brazil, Argentina, Mexico, the United States, Portugal, Austria, South Africa, India, and China. The company operates through Bluffton Motor Works LLC.
WEG SA WEGE3.SA
Last Updated: Oct 05, 12:00 AM·BOVESPA
WEGE3.SA Shariah Compliance
Screening Methodology: AAOIFI
As of October 2026, WEG SA is classified as halal.