WAB

Westinghouse Air Brake Technologies (Wabtec)

HALAL

Score: 84/100

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Is WAB Halal?

Rail equipment, locomotives, and digital rail technology — permissible transportation infrastructure business.

What You Should Know

Wabtec is a leading global supplier of equipment, systems, digital solutions, and value-added services for the freight and transit rail industries. The company makes locomotives, braking systems, signaling, and condition-monitoring solutions following its 2019 merger with GE Transportation. Rail transportation infrastructure is unambiguously permissible. Wabtec carries moderate debt from the GE Transportation deal but has steadily deleveraged and remains within Sharia thresholds. Strong aftermarket and services revenue provide stable cash flow.

⚠️ Concerns

•Moderate debt from the 2019 GE Transportation merger (within thresholds and declining)
•Minor interest income on cash reserves
•Some defense-related rail equipment exposure (very small share of revenue)