GameStop Corporation (GME) - Not Halal (Non-Compliant)
GameStop Corporation (GME) 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
- Consumer Cyclical
- Industry
- Specialty Retail
- Result
- Doubtful
- Reason
- This company requires further review: the industry "Specialty Retail" has mixed revenue streams that require further analysis. The sector "Consumer Cyclical" is not categorically excluded, but deeper analysis is recommended.
Financial Ratios
- Debt Ratio
- Value: 36.0% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 42.0% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 7.5% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 7.48%.Based on the company's financial statements, approximately 7.48% of dividend income should be donated to charity for purification. This is derived from identified interest income (7.48% of total income). Some scholars may differ on the exact calculation method.
About GameStop Corporation
GameStop Corp., a specialty retailer, provides games, collectibles, and entertainment products through its stores and e-commerce platforms in United States, Australia and Europe. The company sells new and pre-owned gaming platforms; accessories, such as controllers, gaming headsets, and other peripheral devices; new and pre-owned gaming software; and in-game digital currency, digital downloadable content, and full-game downloads. It also sells collectibles comprising apparel, toys, trading cards, gadgets, and other retail products for pop culture and technology enthusiasts. The company operates stores and e-commerce sites under the GameStop, EB Games, and Micromania brands; and pop culture themed stores that sell collectibles, apparel, gadgets, electronics, toys, and other retail products under the Zing Pop Culture brand. The company was formerly known as GSC Holdings Corp. GameStop Corp. was founded in 1996 and is based in Grapevine, Texas.