Is Wah Fu Education & Technology G (WAFU) Stock Halal or Haram?

Wah Fu Education & Technology G (WAFU) - Not Halal (Non-Compliant)

Wah Fu Education & Technology G (WAFU) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.

Business Activity Screen

Sector: Consumer Defensive
Industry: Education & Training Services
Result: Pass
Reason: The sector "Consumer Defensive" and industry "Education & Training Services" are not in the excluded categories.

Financial Ratios

Debt Ratio: Value: 2.7% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio: Value: 132.0% | Threshold: 30% | Result: Fail
Non-Permissible Income Ratio: Value: 1.2% | Threshold: 5% | Result: Pass

Dividend Purification

Purification percentage: 1.23%.Based on the company's financial statements, approximately 1.23% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.23% of total income). Some scholars may differ on the exact calculation method.

About Wah Fu Education & Technology G

Wah Fu Education & Technology Group Limited, through its subsidiaries, provides online exam preparation services and related technology solutions in the People's Republic of China. It operates through two segments Online Education Services; and Technological Development and Operation Service. The company offers online education platforms to institutions, such as universities and training institutions, and online course development service companies. It also provides self-study examination, continuing education, and non-diploma training platforms that allow students to enroll in courses for college credit; higher vocational enrollment expansion teaching and educational administration platform; Huafu e-school system and paperless examination platform; and online training and examination preparation services directly to students. In addition, the company develops and maintains online education platforms and online courses for its clients, including universities and government agencies, as well as private clients, such as publishers; and offers consulting, maintenance, and updating services related to online education programs. Further, it produces online training course materials. Wah Fu Education & Technology Group Limited was formerly known as Wah Fu Education Group Limited and change its name to Wah Fu Education & Technology Group Limited in October 2026. The company was founded in 1999 and is headquartered in Beijing, China.

Business Activity

Pass

Consumer DefensiveEducation & Training Services

The sector "Consumer Defensive" and industry "Education & Training Services" are not in the excluded categories.

Business-activity data: SEC filings. How coverage works

Financial Ratios

Fail

Debt Ratio2.7% / 30%

Cash & Interest-bearing Securities Ratio132.0% / 30%

Non-Permissible Income Ratio1.2% / 5%

Denominator: Market Capitalization

Dividend Purification

1.23%

Based on the company's financial statements, approximately 1.23% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.23% of total income). Some scholars may differ on the exact calculation method.

Uses quarterly data

About Wah Fu Education & Technology G

ChinaNASDAQConsumer Defensive

Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.

Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.

Verdict history

Free with an account.

No verdict changes recorded since first screened on Sep 16, 2026. We started recording changes on Oct 19, 2026.

Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.

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Screening

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Purification

Dividend Purification Explained

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Frequently Asked Questions

Is Wah Fu Education & Technology G (WAFU) stock halal to invest in?

According to AAOIFI Shariah screening standards, Wah Fu Education & Technology G (WAFU) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.

Does Wah Fu Education & Technology G have any interest income?

Wah Fu Education & Technology G's interest income ratio is 132.0% of total revenue. AAOIFI standards require this to be below 30%.

What guidelines are used to determine if WAFU stock is Shariah-compliant?

WAFU is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.

How often is Wah Fu Education & Technology G stock reviewed for Shariah compliance?

Wah Fu Education & Technology G's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.

How can I stay updated on Wah Fu Education & Technology G's compliance status?

You can save WAFU to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.

Are dividends from Wah Fu Education & Technology G stock considered halal?

Dividends from Wah Fu Education & Technology G require purification. Approximately 1.23% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.

Do I need to pay Zakat on my Wah Fu Education & Technology G shares?

Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.

Salaam

Wah Fu Education & Technology G

Business Activity

Financial Ratios

Dividend Purification

About Wah Fu Education & Technology G

Verdict history

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