WWD

What You Should Know

Woodward, Inc. designs and manufactures fuel, motion, and control systems for aircraft engines, industrial turbines, and engines across its aerospace and industrial segments. Manufacturing engine and turbine control systems is a clearly permissible activity with no haram revenue line of its own. The main screening item is the balance sheet: Woodward carries a moderate debt load, so its total-debt-to-market-cap ratio should be confirmed against the 33% threshold using the latest filings; it has generally screened within range. As a manufacturer, the receivables ratio is worth checking, and incidental interest income on cash should be checked against the 5% threshold and the corresponding portion of returns purified.