NYSE Shariah screener · October 2026

Is Weyerhaeuser Company (WY) Halal?

FAIL

Weyerhaeuser Company · NYSE: WY · Real Estate

The short answer

Weyerhaeuser fails this Shariah screener: while its timberlands and wood-products business is fully halal and its interest income is only about 0.3% of revenue, its interest-bearing debt of about $5.4 billion is roughly 40% of its ~$13.7 billion market cap — above the 33% ceiling.

Gate 1 — Business activity: PASS

Gate 1 — business activity: PASS. Weyerhaeuser Company, per its FY2025 Form 10-K (year ended December 31, 2025, filed February 2026), states in Note 1: 'We are organized as a REIT,' and describes itself as 'principally engaged in: growing and harvesting timber; maximizing the value of our acreage through the sale of higher and better use (HBU) properties and monetizing the value of surface and subsurface assets through leases and royalties; and manufacturing, distributing and selling products made from trees.'

It reports three segments — Timberlands (2025 net sales $1,494 million), Real Estate & ENR ($454 million, including timberland sales and royalties from mineral, natural gas, wind, and solar rights), and Wood Products ($4,957 million). It is not an interest-based lender, and the 10-K discloses no conventional insurance, alcohol, gambling, pork, tobacco, weapons, or adult-entertainment activity. The ENR royalties are an energy activity on its timberland, not a prohibited line. The business passes gate 1.

Gate 2 — Debt and cash: FAIL

Gate 2 — interest-bearing debt: FAIL (39.6%, ceiling 33%). Per Weyerhaeuser's Q2 2026 10-Q (quarter ended June 30, 2026), total debt, including $250 million of commercial paper outstanding, was $5,425 million. The FY2025 10-K reported long-term debt of $5,050 million plus current maturities of $522 million at December 31, 2025. Operating lease liabilities are excluded — they are not interest-bearing debt.

$5,425 million against a market capitalization of about $13.7 billion (Finnhub: share price $19.05 at the September 30, 2026 close; about 720.5 million shares outstanding per the 10-K, so 19.05 x 720.74M = about $13.73B; live Finnhub quote of $18.59 on October 2, 2026 implies about $13.4B) is about 39.6% — above the 33% ceiling, and it fails at either price. Timberland REITs are structurally leveraged, and the stock was trading near its 52-week low ($19.05 versus a $27.75 high), which mechanically inflates the ratio — but the filed numbers fail the gate.

Gate 3 — Non-compliant income: PASS

Gate 3 — non-compliant income: PASS (0.32%, ceiling 5%). Weyerhaeuser's FY2025 10-K does not disclose interest income separately — it reports a combined line, 'interest income and other,' of $22 million against net sales of $6,905 million on the consolidated income statement, which is about 0.32% — well under the 5% ceiling. The 10-K MD&A shows the same combined line at $53 million in 2024 and $76 million in 2023. Zoya's WY page cites the same $22 million figure.

Key figures used

Business: timberland REIT — ~10M+ acres US timberlands, 33 wood-products facilities; segments: Timberlands ($1,494M 2025 sales), Real Estate & ENR ($454M incl. timberland sales and mineral/natural-gas/wind/solar royalties), Wood Products ($4,957M)
Haram assessment: no interest-based lending; no conventional insurance, alcohol, gambling, pork, tobacco, weapons, or adult entertainment; ENR mineral/natural-gas royalties are an energy activity, not a prohibited line
Debt: $5,425M total incl. $250M commercial paper at June 30, 2026; 39.6% of ~$13.7B market cap ($19.05 close Sep 30, 2026; ~720.5M shares) — above the 33% ceiling (FY2025: $5,050M LT debt + $522M current maturities)
Cash: $527M cash and equivalents at June 30, 2026 (~3.8% of market cap; no separate short-term securities line)
Interest income: $22M FY2025 (disclosed combined as interest income and other) vs $6,905M net sales = 0.32% — under the 5% ceiling
Market data: NYSE-listed; still listed on NYSE (confirmed October 2, 2026; no delisting found); trading near 52-week low ($19.05 Sep 30, 2026; range $19.05-$27.75), which mechanically inflates the debt ratio
Third-party: Zoya publishes a WY page (not Shariah compliant per AAOIFI; $22M interest income cited, consistent with this FAIL on debt) but its as-of date did not render; no verifiable Musaffa or ShariaPortfolio coverage found

Frequently asked questions

What does Weyerhaeuser do?

Weyerhaeuser Company (NYSE: WY) is a timberland REIT, per its FY2025 Form 10-K (year ended December 31, 2025). It grows and harvests timber on more than 10 million acres of US timberland, monetizes higher-and-better-use properties and surface and subsurface assets through leases and royalties, and manufactures wood products at 33 facilities. It reports three segments: Timberlands (2025 net sales of $1,494 million), Real Estate and ENR ($454 million, including timberland sales and royalties from mineral, natural gas, wind, and solar rights), and Wood Products ($4,957 million — structural lumber, oriented strand board, engineered wood, and building-materials distribution).

Is Weyerhaeuser's business Shariah compliant?

Weyerhaeuser's business passes this screener's first gate. It is not an interest-based lender, and its 10-K discloses no conventional insurance, alcohol, gambling, pork, tobacco, weapons, or adult-entertainment activity. Its Real Estate and ENR segment collects royalties on mineral and natural-gas extraction rights on its timberland — an energy activity, not a prohibited line — alongside sales of higher-and-better-use timberland parcels.

How much interest-bearing debt does Weyerhaeuser have?

Weyerhaeuser's Q2 2026 10-Q (quarter ended June 30, 2026) reports total debt, including $250 million of commercial paper, of $5,425 million. Its FY2025 10-K reported $5,050 million of long-term debt plus $522 million of current maturities, or $5,572 million, at December 31, 2025. Against a market capitalization of about $13.7 billion — share price $19.05 at the September 30, 2026 close with about 720.5 million shares outstanding — $5,425 million is about 39.6%, above the 33% ceiling. Operating lease liabilities are excluded because they are not interest-bearing debt. Timberland REITs are structurally leveraged, and the stock was trading near its 52-week low, which mechanically inflates the debt-to-market-cap ratio.

How much interest income does Weyerhaeuser earn?

Weyerhaeuser's FY2025 10-K does not break out interest income separately — it discloses a combined line, interest income and other, of $22 million against net sales of $6,905 million, which is about 0.32% — under the 5% non-compliant income ceiling. Zoya's WY page cites the same $22 million figure.

What do third-party Shariah screeners say about Weyerhaeuser?

Zoya publishes a WY page that reports the company as not Shariah compliant under its AAOIFI methodology, citing FY2025 interest income of $22 million against $6,905 million of revenue — consistent with this screener's result, though the page's as-of date did not render in a text fetch, so its current rating could not be fully verified. No Musaffa stock page for WY and no ShariaPortfolio rating could be found through public web searches, so both are treated as not covering it. One conflicting data point: WY is a small constituent of about 0.62% of the Wealthsimple Shariah World Equity Index ETF — third-party screeners apply different assumptions and update on different schedules, so 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).