Is Waystar Holding Corp. (WAY) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 30.3% / 30% | 1.7% / 30% | 3.7% / 30% | 0.0% / 5% | ✗ NOT HALAL |
| DJIM | 30.3% / 33% | 1.7% / 33% | 3.7% / 33% | 0.0% / 5% | ✓ HALAL |
| MSCI | 25.8% / 33% | 1.5% / 33% | 3.2% / 33% | 0.0% / 5% | ✓ HALAL |
| S&P | 30.3% / 33% | 1.7% / 33% | 3.7% / 33% | 0.0% / 5% | ✓ HALAL |
| FTSE | 25.8% / 33% | 1.5% / 33% | 3.2% / 50% | 0.0% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 68.3% | |
| Operating Margin | 23.6% | |
| Net Margin | 10.2% | |
| Return on Equity (ROE) | 3.2% | |
| Return on Assets (ROA) | 3.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $310M |
| Free Cash Flow | $283M |
| Total Debt | $1.5B |
| Debt-to-Equity | 38.4 |
| Current Ratio | 1.4 |
| Total Assets | $5.8B |
Price & Trading
| Last Close | $24.85 |
| 50-Day MA | $25.65 |
| 200-Day MA | $33.65 |
| Avg Volume | 2.5M |
|
52-Week Range
$21.13
| |
About Waystar Holding Corp. (WAY)
Waystar Holding Corp. develops a cloud-based software solution for healthcare payments. Its platform offers financial clearance, patient financial care, claim and payer payment management, denials prevention and recovery, clinical integrity and revenue capture, and analytics and reporting solutions. It primarily serves healthcare industry. The company was founded in 2017 and is headquartered in Lehi, Utah.
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Frequently Asked Questions
Is Waystar Holding Corp. (WAY) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Waystar Holding Corp. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Waystar Holding Corp.'s debt ratio?
Waystar Holding Corp.'s debt ratio is 30.3% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 25.8%.
What are Waystar Holding Corp.'s key financial metrics?
Waystar Holding Corp. has a market capitalization of $4.5B, trailing P/E ratio of 38.6, and revenue of $1.1B. The company maintains a gross margin of 68.3% and a net margin of 10.2%. Return on equity stands at 3.2%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.