BJ's Wholesale Club Holdings, Inc. is a company that operates warehouse clubs on the east coast of the United States, offering perishable goods, general merchandise, gasoline, and other services through its physical locations as well as various websites and a mobile app. As of June 2022, the company had 229 warehouse clubs and 160 gas locations across 17 states. Originally founded in 1984 as Beacon Holding Inc., the company was later renamed BJ's Wholesale Club Holdings, Inc. in 2018 and is headquartered in Westborough, Massachusetts.
Frequently asked questions
Is BJ's Wholesale Club (BJ) stock halal to invest in?
As of , BJ has a Shariah compliance rating of Questionable, based on the company's latest financial reports. This means that while the company's operations do not definitively violate Islamic guidelines, there are certain aspects of BJ's Wholesale Club's business that require careful consideration.
Does BJ's Wholesale Club have any interest income?
No, BJ's Wholesale Club has not reported any interest income. According to the company's latest annual
report for the fiscal year ending Jan 31, 2026, BJ's Wholesale Club reported total revenue
of 21457274000, with no separate interest income disclosed. However,
it's worth noting that some companies may report interest income as part of their revenue. For a detailed
breakdown of all interest income and revenue segments, please refer to the full Shariah compliance
report available in the Zoya app.
What guidelines are used to determine if BJ's Wholesale Club stock is Shariah-compliant?
We use the guidelines set by the Accounting and Auditing Organization for Islamic Financial Institutions
(AAOIFI) to assess Shariah compliance. AAOIFI is a leading international organization that establishes
standards for Islamic finance. Their guidelines help determine if a company's business activities and
financial structure align with Islamic principles. These standards are widely respected in the Islamic
finance industry and provide a consistent framework for evaluating the Shariah compliance of stocks and
other financial instruments. AAOIFI's Shariah board includes renowned scholars such as Sheikh Muhammad
Taqi Usmani, Sheikh Mohamed Ali Elgari, Sheikh Abdullah AlManea, Sheikh Nizam Yaquby, and Dr. Aznan Hassan.
How often is BJ's Wholesale Club stock reviewed for Shariah compliance?
The Shariah compliance status of BJ's Wholesale Club stock is reviewed on a regular basis, with a minimum
frequency of once per quarter. However, if there are any significant changes or major developments
in the company's operations that may impact its compliance, an immediate review will be conducted to
ensure ongoing adherence to Shariah principles.
How can I stay updated on BJ's Wholesale Club's compliance status?
To stay informed, we recommend regularly checking Zoya for updates. You can also enable alerts within
the Zoya app to receive notifications whenever there is a change in the Shariah compliance of BJ,
or any other stocks you are monitoring. This is particularly useful as Shariah compliance can fluctuate
due to changes in a company's financial ratios or business activities.
Are dividends from BJ's Wholesale Club stock considered halal?
Yes, dividends from BJ are considered halal. However, you may need to purify a portion of the
dividend if the company has any impermissible revenue. Shariah standards typically allow up to 5% of
revenue from impermissible sources for a stock to remain compliant. To find the exact percentage of
impermissible revenue for BJ's Wholesale Club (BJ), check the Zoya app. For more details on the
purification process, read
our comprehensive guide.
Do I need to pay Zakat on my BJ's Wholesale Club shares?
If you hold BJ's Wholesale Club stock as an investment, through an Employee Stock Ownership
Plan (ESOP), stock options, restricted stock units (RSUs), or any other form of stock ownership, and
meet the Nisab threshold, you may be required to pay Zakat on it. The calculation of Zakat on investments
can be complex and depends on various factors. To help make this easy, we've created a free
Zakat calculator for stocks. For a more
seamless experience, use the Zoya mobile app, where you can link your brokerage account to
automatically import holdings.
How to buy BJ's Wholesale Club (BJ) stock on Zoya
Sign up for a free Zoya account It’s easy to get started. You can sign up for an account directly on our website or by downloading the Zoya app for iOS or Android.
Link a brokerage account Zoya partners with leading brokerages like Alpaca and others for a seamless way to buy and manage stocks through Zoya.
Decide how much to invest Navigate to the search screen and type the name of the stock into the search bar. Then, click the buy button and input the amount you'd like to invest, either in terms of dollars or number of shares. Review the real-time stock price and estimated quantity of shares before confirming your investment.
Manage your portfolio in one place You can find your newly purchased stock in your Zoya portfolio alongside the rest of your holdings. Enable alerts to get notified of any changes in your portfolio's Shariah compliance.
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