Grid Dynamics Holdings, Inc. (GDYN) - Not Halal (Non-Compliant)
Grid Dynamics Holdings, Inc. (GDYN) 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
- Technology
- Industry
- Information Technology Services
- Result
- Pass
- Reason
- The sector "Technology" and industry "Information Technology Services" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 2.3% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 40.7% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 4.3% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 4.27%.Based on the company's financial statements, approximately 4.27% of dividend income comes from non-permissible sources; this is the share many investors donate to purify it. This is derived from identified interest income (4.27% of total income). Some scholars may differ on the exact calculation method.
About Grid Dynamics Holdings, Inc.
Grid Dynamics Holdings, Inc., together with its subsidiaries, provides enterprise artificial intelligence and digital transformation services in North America, Europe, and internationally. The company offers artificial intelligence services, such as AI-Readiness through strategy consulting, data modernization, rapid and deployment-ready prototyping, and software development lifecycle transformation; identify AI use cases service, which deploys AI in customer-facing, operational, and knowledge management scenarios; AI infrastructure agentic systems; and enterprise AI scale, which helps enterprises gain enterprise-wide efficiency with deployment. It also provides cloud platform and product engineering services, including digital engagement, which delivers modular composable commerce platforms; IoT and edge computing, which assists manufacturers and logistics providers in implementing physical AI; and AI and data platforms. The company serves retail, technology, media and telecom, finance, consumer packaged goods and manufacturing, healthcare and pharma, and other verticals. Grid Dynamics Holdings, Inc. was founded in 2006 and is headquartered in San Ramon, California.
