Is Whirlpool Stock Halal?

Is Whirlpool Stock Halal?

Key Points

  • After examining Whirlpool’s source of revenue, the ratio of interest expense to total operating expense, and ESG impact we are uncomfortable investing in Whirlpool from a Halal perspective.

Company Overview

The Whirlpool Corporation is an American multinational manufacturer and marketer of home appliances, headquartered in Benton Charter Township, Michigan, United States.

How much of Whirlpool Corporation’s revenue comes from haram?

Whirlpool Corporations’ source of revenue is categorized into seven segments. Refrigeration, Cooking, Dishwashing, Laundry, Spare parts & warranties, and Others.

Practical Islamic finance concludes

None of Whirlpool Corporations Revenue comes from anything inherently haram.

Does Whirlpool Corporation rely on interest to operate?

Recent Quarter ended 3/31/2022Fiscal Year ended 12/31/2021Fiscal Year ended 12/31/2020
Interest Expense41175189
Total Operating Expense3902,1662,234
Interest Expense / Total Operating Expense10.51%8.08%8.46%

*Numbers in Millions, of U.S. dollars

Practical Islamic finance concludes:

There appears to be a persistent reliance on the use of Riba in Whirlpool Corporation’s operations.

What is Whirlpool’s Environmental, Social, and Governance (ESG) impact?


In 2021, Whirlpool announced a global commitment to reach a net-zero emissions target in its plants and operations (Scopes 1 and 2) by 2030, which will cover more than 30 of Whirlpool Corporation’s manufacturing sites and its large distribution centers around the world.


Whirlpool has a Glassdoor rating of 4.0 out of 5.0. Glassdoor is a trusted website where current and former employees can review and rate their companies.

Whirlpool Corporation has achieved a perfect CEI (Corporate Equality Index) score for 18 consecutive years, the longest of any major appliance company. As of December 31, 2021, Whirlpool has approximately 69,000 employees across 49 countries, with 30 percent located within the United States.


No notable governance highlights. 

Practical Islamic finance concludes:

Whirlpool Corporation has a net positive ESG impact. 

Comfort Rating

From Whirlpool Corporation business, financial, and ESG reviews, Practical Islamic Finance rates Whirlpool Corporation stock as

Uncomfortable to invest in from a Halal perspective.


There is a persistent and material reliance on interest-bearing debt in Whirlpool’s operations.


10Q March 2022

10K December 2021

Whirlpool ESG

Whirlpool Glassdoor Rating

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