Is GCL Global Holdings Ltd (GCL) Stock Halal or Haram?
GCL Global Holdings Ltd (GCL) - Not Halal (Non-Compliant)
GCL Global Holdings Ltd (GCL) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
Sector
Communication Services
Industry
Electronic Gaming & Multimedia
Result
Doubtful
Reason
This company requires further review: the industry "Electronic Gaming & Multimedia" has mixed revenue streams that require further analysis. The sector "Communication Services" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
Debt Ratio
Value: 56.0% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio
Value: 18.4% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio
Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.01%.Based on the company's financial statements, approximately 0.01% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.01% of total income). Some scholars may differ on the exact calculation method.
About GCL Global Holdings Ltd
GCL Global Holdings Ltd., together with its subsidiaries, develops, publishes, distributes, and markets video games and other entertainment content in Asia, Europe, the United States, and Latin America. The company operates through three segments: Distribution and Sale of PC and Console Games and IT Hardware and Computer Accessories; Game Publishing; and Video Marketing Campaign and Social Media Advertising Services. It also distributes IT hardware, computer accessories, gaming components, peripherals, data storage devices, smart technology and other consumer technology products; provides media and content advertising services for small and medium-sized enterprises, and government agencies; and operates a production studio and advertising agency. The company sells and distributes physical and digital copies of video games through physical retailers. The company is headquartered in Singapore.
Frequently Asked Questions
Is GCL Global Holdings Ltd (GCL) stock halal to invest in?
Screened October 20, 2026·Financials: period ended 31 Mar 2025·Balance sheet as of 30 Sep 2025
Business Activity
Warn
Communication ServicesElectronic Gaming & Multimedia
This company requires further review: the industry "Electronic Gaming & Multimedia" has mixed revenue streams that require further analysis. The sector "Communication Services" is not categorically excluded, but deeper analysis is recommended.
Based on the company's financial statements, approximately 0.01% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.01% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About GCL Global Holdings Ltd
GCL Global Holdings Ltd., together with its subsidiaries, develops, publishes, distributes, and markets video games and other entertainment content in Asia, Europe, the United States, and Latin America. The company operates through three segments: Distribution and Sale of PC and Console Games and IT Hardware and Computer Accessories; Game Publishing; and Video Marketing Campaign and Social Media Advertising Services. It also distributes IT hardware, computer accessories, gaming components, peripherals, data storage devices, smart technology and other consumer technology products; provides media and content advertising services for small and medium-sized enterprises, and government agencies; and operates a production studio and advertising agency. The company sells and distributes physical and digital copies of video games through physical retailers. The company is headquartered in Singapore.
SingaporeNASDAQCommunication Services
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on Aug 28, 2026. We started recording changes on Oct 19, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, GCL Global Holdings Ltd (GCL) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
GCL Global Holdings Ltd's interest income ratio is 18.4% of total revenue. AAOIFI standards require this to be below 30%.
GCL is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
GCL Global Holdings Ltd's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save GCL to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from GCL Global Holdings Ltd require purification. Approximately 0.01% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
According to AAOIFI Shariah screening standards, GCL Global Holdings Ltd (GCL) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does GCL Global Holdings Ltd have any interest income?
GCL Global Holdings Ltd's interest income ratio is 18.4% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if GCL stock is Shariah-compliant?
GCL is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is GCL Global Holdings Ltd stock reviewed for Shariah compliance?
GCL Global Holdings Ltd's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on GCL Global Holdings Ltd's compliance status?
You can save GCL to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from GCL Global Holdings Ltd stock considered halal?
Dividends from GCL Global Holdings Ltd require purification. Approximately 0.01% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my GCL Global Holdings Ltd shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
