Is WSP Global / WSP Halal?
WSP Global Inc. (TSX: WSP) is a Montreal-based engineering, science, and infrastructure consulting firm with about 84,600 employees. Consulting clears gate one, but ~35.8% debt-and-leases-to-market-cap is over the ~33% ceiling — a FAIL on gate two, so it gets re-checked every quarter.
The two-gate Shariah screen
Every screener on this site runs the same two gates: first, the business must be halal (no conventional insurance, banking, alcohol, gambling, and the like); second, the financial ratios must clear (debt under roughly 33% of market cap, non-compliant income under roughly 5%).
Gate one: the business — PASS
WSP sells engineering, science, and infrastructure consulting services — design, advisory, and project delivery across transportation, buildings, energy, and environment. Professional services are permissible business activities under AAOIFI-style screens, and no haram revenue segment is disclosed. Gate one: PASS.
Gate two: the ratios — FAIL
Debt-and-leases-to-market-cap: ~35.8% (ceiling ~33%) — FAIL. At June 26, 2026, WSP reported long-term debt of CA$7,285.3 million plus a current portion of CA$286.2 million, and lease liabilities of CA$310.0 million (current) plus CA$937.6 million (non-current) — about CA$8.82 billion in total when leases are included, consistent with the other screeners on this site. Against a market cap of roughly CA$24.61 billion on September 28, 2026, the ratio is about 35.8% — over the ~33% ceiling. Debt jumped after the TRC acquisition (February 2026) and the Ricardo plc acquisition (October 2025); the company's own leverage ratio of 2.3x sits above its 1.0–2.0x target.
Non-compliant income: ~0.01% (ceiling ~5%) — PASS. Q2 2026 revenues were CA$5,404.4 million against interest income of just CA$0.5 million — effectively 0%. Net financing expense of CA$140.5 million is a cost. Gate two: PASS.
What other screeners say
No verified current third-party rating was found for WSP Global on Zoya, Musaffa, or ShariaPortfolio as of September 2026. The PASS rating here rests on this site's own screening methodology, not on a third-party endorsement.
The bottom line
This screener gives WSP Global Inc. (TSX: WSP) a FAIL. Q2 2026 (reported August 5, 2026) delivered revenues of CA$5.40 billion (+19.9%), net revenues of CA$4.27 billion (+22.9%), adjusted EBITDA of CA$815.0 million (+28.8%), a record backlog of CA$20.1 billion, and net earnings of CA$246.1 million. Snapshot dated September 28, 2026; re-checked quarterly after earnings — debt paydown or a higher market cap could bring it back.
The purification angle: WSP's interest income is negligible (CA$0.5 million on CA$5.4 billion of revenue), so dividend purification math is minimal — but if you want to run the numbers on any dividend, the purification calculator is here.
Frequently asked questions
Is WSP Global stock halal?
This screener gives WSP Global Inc. (TSX: WSP) a FAIL. Engineering consulting clears the business-activity screen, but the ratio math fails: about CA$8.82 billion of gross debt plus lease liabilities at June 26, 2026 (CA$7,285.3M long-term debt + CA$286.2M current portion + CA$310.0M current leases + CA$937.6M non-current leases) against a market cap of about CA$24.61 billion — roughly 35.8%, over the ~33% ceiling. Interest income of CA$0.5 million on CA$5.40 billion of revenue is effectively 0%, but the debt gate fails first.
What are WSP Global's debt and market-cap figures?
WSP reported long-term debt of CA$7,285.3 million plus a current portion of CA$286.2 million, and lease liabilities of CA$310.0 million current plus CA$937.6 million non-current, at June 26, 2026 — about CA$8.82 billion in total with leases included (the company also reports net debt of CA$6.89 billion after CA$678.6 million of cash). Against a market cap of roughly CA$24.61 billion on September 28, 2026, the debt-and-leases-to-market-cap ratio is about 35.8% — over the ~33% AAOIFI ceiling, measured with leases included, consistent with the other screeners on this site.
Does WSP Global earn interest income?
WSP disclosed interest income of CA$0.5 million in Q2 2026 against revenues of CA$5,404.4 million — about 0.01%, effectively 0% and under the ~5% screen. Net financing expense of CA$140.5 million is a cost, not income.
Do any third-party screeners agree with this screener?
No verified current third-party rating was found for WSP Global on Zoya, Musaffa, or ShariaPortfolio as of September 2026. The PASS rating here rests on this site's own screening methodology, not on a third-party endorsement.
What could change WSP Global's halal screener?
The debt ratio sits at ~35.8% — over the ~33% ceiling — after the TRC (February 2026) and Ricardo (October 2025) acquisitions; the company's own leverage ratio of 2.3x sits above its 1.0–2.0x target. Deleveraging or a higher market cap could bring the ratio back under the ceiling. This screener is a snapshot dated September 28, 2026 and is re-checked quarterly after earnings.