Is Wajax Corp halal to invest in?

According to Musaffa's Shariah screening methodology, Wajax Corp (WJX.TO) is currently classified as NOT HALAL as of March 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Wajax Corp a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Wajax Corp using these criteria to determine its compliance status.

Can Muslims buy shares of Wajax Corp?

Muslim investors may consider investing in Wajax Corp if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Wajax Corp classified as NOT HALAL?

Musaffa determines the Shariah status of Wajax Corp by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Wajax Corp updated?

The Shariah compliance status of Wajax Corp may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Wajax Corp become non-compliant?

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.

Where can I check the Shariah status of Wajax Corp?

You can check the latest Shariah compliance status of Wajax Corp on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

WJX.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 19, 2026

Report Source: 2025 Annual Report

Wajax Corp. Stock Analysis WJX.TO

Canada Industrials Small Cap Report: 2025 Annual

Wajax Corp. engages in providing industrial products and services. The company is headquartered in Mississauga, Ontario and currently employs 2,900 full-time employees. The firm operates an integrated distribution system providing sales, parts and services to a broad range of customers in various sectors, including construction, forestry, mining, industrial and commercial, oil sands, transportation, metal processing, government and utilities, and oil and gas. The firm is engaged in offering various equipment, such as new, used, and rental, which consists of compact excavators, dump trucks, excavators, wheel loaders and wheeled excavators. Its solutions consist of mechanical solutions, hydraulic solutions, process solutions, electromechanical solutions, repair and solutions, and reliability solutions. The company provides various industrial parts, including bearings, bulk material handling, electric motors and variable frequency drives, filtration, fluid handling, instrumentation, pneumatics, and power transmission.

Key Statistics of Wajax Corp (WJX.TO)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

CAD28.14CAD28.74

Today's Open

CAD28.34

Volume

68.79K

P/E Ratio (TTM)

10.94

52 Week Range

CAD21.80CAD34.88

Market Cap

741.54M

Avg. Volume

117.76K

Dividend Yield

4.85%

Financial Metrics & Statements of Wajax Corp (WJX.TO)

FAQ's for Wajax Corp (WJX.TO)

According to Musaffa’s Shariah screening methodology, Wajax Corp (WJX.TO) is currently classified as NOT HALAL as of March 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.