NYSE Shariah screener · October 2026

Is Wayfair Inc. (W) Halal?

PASS

Wayfair Inc. · NYSE: W · Consumer Discretionary

The short answer

Wayfair passes all three Shariah gates: it is an e-commerce home-goods retailer (no interest-based business), carries about $2,836M of interest-bearing debt (21.37% of its ~$13.27 billion market cap), and interest income of about 0.33% of revenue is under the 5% ceiling.

Gate 1 — Business activity: PASS

Gate 1 — business activity: PASS. Wayfair Inc., per its FY2025 Form 10-K (year ended December 31, 2025, filed February 2026), is 'the destination for all things home' through its e-commerce platform, offering furniture, decor, housewares, and home improvement products. Its brand family includes Wayfair (the majority of revenue), AllModern, Birch Lane, Joss & Main, Perigold (luxury), and Wayfair Professional, operating in the US, Canada, UK, and Ireland, with 12 physical retail stores as of December 31, 2025.

The company is not an interest-based lender and is not involved in tobacco, gambling, pork, alcohol, weapons, adult entertainment, or conventional banking or insurance. For transparency, Wayfair partners with third-party installment-payment providers for checkout options, but its SEC filings describe no Wayfair-operated consumer-financing business and no financing revenue — the company itself does not extend interest-based credit. The business passes gate 1.

Gate 2 — Debt and cash: PASS

Gate 2 — interest-bearing debt: PASS (21.37%, ceiling 33%). Per Wayfair's Q2 2026 Form 10-Q (quarter ended June 30, 2026), short-term debt was $39 million (the 2026 convertible notes, now current) and long-term debt was $2,797 million — total interest-bearing debt of $2,836 million, comprising convertible senior notes (2026, 2027) and secured notes (2029, 2030, 2032, 2034). Operating lease liabilities ($680 million non-current) and deferred revenue are excluded — they are not interest-bearing debt. The $500 million revolving credit facility was undrawn.

$2,836 million of interest-bearing debt against a market capitalization of about $13.27 billion (Finnhub live quote, October 2, 2026) is about 21.37%, under the 33% ceiling. Cash and cash equivalents of $1,065 million plus short-term investments of $78 million at June 30, 2026 total $1,143 million, about 8.61% of market cap.

Gate 3 — Non-compliant income: PASS

Gate 3 — non-compliant income: PASS (0.33%, ceiling 5%). Wayfair's Q2 2026 Form 10-Q separately discloses interest income: $21 million for the six months ended June 30, 2026 against net revenue of $6,450 million is about 0.33% — under the 5% ceiling (Q2 2026 alone: $10 million against $3,519 million, about 0.28%).

The 10-Q describes this income as 'interest earned from cash and cash equivalents and marketable securities' — not from any financing or lending business. Interest expense net was $39 million in Q2 2026. The most complete recent figure (H1 2026, 0.33%) is used for this gate.

Key figures used

Business: e-commerce home goods platform - furniture, decor, housewares, home improvement; brands: Wayfair, AllModern, Birch Lane, Joss & Main, Perigold (luxury), Wayfair Professional; operates in US, Canada, UK, Ireland; 12 physical stores as of Dec 31, 2025; supplier-direct + own logistics
Haram assessment: no interest-based lending (third-party checkout installment providers only; no financing revenue); no tobacco/gambling/pork/alcohol/weapons/adult entertainment/banking/insurance
Debt: $39M short-term + $2,797M long-term = $2,836M at June 30, 2026 (convertible + secured notes); $500M revolver undrawn; 21.37% of ~$13.27B market cap (Finnhub live, Oct 2, 2026) - under the 33% ceiling
Cash: $1,065M cash & equivalents + $78M short-term investments = $1,143M at June 30, 2026 (~8.61% of market cap)
Interest income: $10M in Q2 2026 vs $3,519M net revenue = 0.28%; $21M in H1 2026 vs $6,450M = 0.33% - under the 5% ceiling; explicitly from cash and marketable securities
Market data: NYSE-listed; still listed on NYSE (confirmed October 2, 2026; live quote $101.37, no delisting); Q3 2026 results expected November 4, 2026
Third-party: Zoya publishes a W page (indicative halal text, undated, rating not verifiable; its $0-interest-income FY2025 claim conflicts with the 10-Q); no verifiable Musaffa or ShariaPortfolio rating found

Frequently asked questions

What does Wayfair do?

Wayfair Inc. (NYSE: W) is an e-commerce company focused on home goods. Per its FY2025 Form 10-K (year ended December 31, 2025, filed February 2026), 'Wayfair is the destination for all things home' through its e-commerce platform, offering furniture, decor, housewares, and home improvement products. Its family of brands includes Wayfair (the majority of revenue), AllModern, Birch Lane, Joss & Main, Perigold (luxury), and Wayfair Professional. It operates in the US, Canada, UK, and Ireland, ran 12 physical retail stores as of December 31, 2025, and ships through supplier-direct fulfillment plus its own logistics network.

Is Wayfair's business Shariah compliant?

Wayfair is an e-commerce retailer of furniture, decor, housewares, and home improvement products, and is not an interest-based lender. It is not involved in tobacco, gambling, pork, alcohol, weapons, adult entertainment, or conventional banking or insurance. For transparency: Wayfair partners with third-party installment-payment providers for its checkout options, but its SEC filings describe no Wayfair-operated consumer-financing business and no financing revenue - the company itself does not extend interest-based credit. Assessed on the filed numbers, the business passes this screener's first gate.

How much interest-bearing debt does Wayfair have?

Wayfair's Q2 2026 Form 10-Q (quarter ended June 30, 2026) reports short-term debt of $39 million (the 2026 convertible notes, now current) and long-term debt of $2,797 million - total interest-bearing debt of $2,836 million, comprising convertible senior notes (2026, 2027) and secured notes (2029, 2030, 2032, 2034). Operating lease liabilities ($680 million non-current) and deferred revenue are excluded as they are not interest-bearing debt. The $500 million revolving credit facility was undrawn. $2,836 million against a market capitalization of about $13.27 billion (Finnhub live quote, October 2, 2026) is about 21.37%, under the 33% ceiling.

How much interest income does Wayfair earn?

Wayfair's Q2 2026 Form 10-Q discloses interest income separately: 'recorded $10 million and $21 million of interest income' for the three and six months ended June 30, 2026, described as 'interest earned from cash and cash equivalents and marketable securities.' $10 million against net revenue of $3,519 million in Q2 2026 is about 0.28%, and $21 million against net revenue of $6,450 million in H1 2026 is about 0.33% - both under the 5% non-compliant income ceiling. Interest expense net was $39 million in Q2 2026.

What do third-party Shariah screeners say about Wayfair?

Zoya publishes a Wayfair (W) page with template text indicating Shariah compliance based on latest reports, but the page's 'as of' date renders blank and the page text emits multiple conditional variants, so a firm dated Zoya rating could not be verified from public sources - its claim of $0 interest income for FY2025 also conflicts with Wayfair's 10-Q disclosure. I could not verify a Musaffa rating page for W or a ShariaPortfolio rating from public sources. Third-party screeners apply different assumptions and update on different schedules, and their results can change when new financial statements are published - always check the latest screening before investing.

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).