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Wolverine World Wide

WWW stock is not Shariah-compliant

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About Wolverine World Wide (WWW)

Wolverine World Wide designs, manufactures, sources, markets, licenses, and distributes footwear, apparel, and accessories under various brands, including Bates, Cat, Chaco, Harley-Davidson, Hush Puppies, Hytest, Keds, Merrell, Saucony, Sperry, Sweaty Betty, Wolverine, and Stride Rite. The company operates through two segments, Wolverine Michigan Group and Wolverine Boston Group, and sells its products through retail stores, eCommerce sites, and third-party licensees and distributors. As of January 1, 2022, it operated 143 retail stores and 65 consumer-direct eCommerce sites.

Frequently asked questions

Is Wolverine World Wide (WWW) stock halal to invest in?
No. As of , WWW is not Shariah-compliant under AAOIFI standards, so it is not considered halal to invest in. Wolverine World Wide fails the business screen, the financial screen or both, based on its most recent financial reports. The Zoya app shows which one and lists Shariah-compliant alternatives.
Does Wolverine World Wide have any interest income?
No, Wolverine World Wide has not reported any interest income. According to the company's latest annual report for the fiscal year ending Jan 03, 2026, Wolverine World Wide reported total revenue of 1874300000, 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 Wolverine World Wide 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 Wolverine World Wide stock reviewed for Shariah compliance?
The Shariah compliance status of Wolverine World Wide 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 Wolverine World Wide'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 WWW, 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 Wolverine World Wide stock considered halal?
No, dividends from WWW are not considered halal because the stock is currently not Shariah-compliant. When a stock is non-compliant, any dividends received from it are considered impermissible income and should be donated to charity as a form of purification. To learn more about the purification process and how to handle impermissible income, read our comprehensive guide.
Do I need to pay Zakat on my Wolverine World Wide shares?
If you hold Wolverine World Wide 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.

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Shariah compliance data powered by the Zoya API. Chart by TradingView
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