Weidai Ltd. engages in the provision of auto-backed financing solutions. The company is headquartered in Hangzhou, Zhejiang and currently employs 531 full-time employees. The company went IPO on 2018-11-15. The firm mainly provides small and micro enterprise owners with accessible credit service. Its platform connects borrowers, the majority of which are small and micro enterprise owners, with both online investors and institutional funding partners. The firm also provides other secured and unsecured loan services. The Company’s lending decisions are generally made within 30 minutes of application after information collection and automobile appraisal, and loans are generally disbursed within the same day, including weekends, delivering superior user experience.
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As of August 2026, Weidai Ltd WEIDY is classified as not covered according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Weidai Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in Weidai Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Weidai Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Weidai Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of Weidai Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
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