Is Westlake Chemical Partners LP halal to invest in?

According to Musaffa's Shariah screening methodology, Westlake Chemical Partners LP (WLKP) is currently classified as NOT HALAL as of May 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 Westlake Chemical Partners LP 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 Westlake Chemical Partners LP using these criteria to determine its compliance status.

Can Muslims buy shares of Westlake Chemical Partners LP?

Muslim investors may consider investing in Westlake Chemical Partners LP 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 Westlake Chemical Partners LP classified as NOT HALAL?

Musaffa determines the Shariah status of Westlake Chemical Partners LP 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 Westlake Chemical Partners LP updated?

The Shariah compliance status of Westlake Chemical Partners LP may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Westlake Chemical Partners LP 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 Westlake Chemical Partners LP?

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

WLKP Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: May 16, 2026

Report Source: 2026 1st Quarter Report

Analyst's Ratings for Westlake Chemical Partners LP (WLKP)

Based on 7 analysts giving stock ratings to Westlake Chemical Partners LP in the past 3 months

Strong
SellSellHoldBuyStrong
Buy

Strong Buy

Buy

Hold

Sell

Strong Sell

Westlake Chemical Partners LP. Stock Analysis WLKP

United States Materials Small Cap Report: Q1, 2026

Westlake Chemical Partners LP engages in the operation, acquisition and development of ethylene production facilities and related assets. The company is headquartered in Houston, Texas. The company went IPO on 2014-07-30. Its business and operations are conducted through OpCo. OpCo's assets consist of three ethylene production facilities in Calvert City, Kentucky, and Lake Charles, Louisiana, as well as an ethylene pipeline, which primarily converts ethane into ethylene and has an aggregate annual capacity of approximately 3.7 billion pounds, and a 200-mile ethylene pipeline. The company owns two ethylene production facilities at Westlake's Lake Charles, Louisiana site (Petro 1 and Petro 2, collectively Lake Charles Olefins), with an annual combined capacity of approximately 3.0 billion pounds. The firm owns one ethylene production facility at Westlake's Calvert City, Kentucky site (Calvert City Olefins), with an annual capacity of approximately 730 million pounds.

Key Statistics of Westlake Chemical Partners LP (WLKP)

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

Today's Range

$22.62$22.90

Today's Open

$22.81

Volume

15.41K

P/E Ratio (TTM)

16.66

52 Week Range

$17.75$23.88

Market Cap

795.50M

Avg. Volume

28.50K

Dividend Yield

8.19%

Financial Metrics & Statements of Westlake Chemical Partners LP (WLKP)

FAQ's for Westlake Chemical Partners LP (WLKP)

According to Musaffa’s Shariah screening methodology, Westlake Chemical Partners LP (WLKP) is currently classified as NOT HALAL as of May 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.