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Wed, May 20 08:16 PM
Non-Compliant

GCL

Quality Rating

BBB
Satisfactory compliance quality

GCL Global Holdings Ltd is a Singapore-based technology company in the Electronic Gaming & Multimedia industry, focusing on video game development, publishing, and distribution. While its financial ratios comfortably meet all quantitative Shariah screening thresholds across AAOIFI, MSCI, and S&P standards, the core business activities raise significant qualitative concerns due to potential elements of maysir (gambling) and gharar (uncertainty) in gaming mechanics. The company is excluded from all major Shariah-compliant indices, leading to an overall NON_COMPLIANT status. Purification is required at 1.01% primarily for incidental interest income. Investors should monitor content evolution and consult scholars for jurisdiction-specific rulings.

Purification Required
1.01%
moderate

Moderate purification required - consider carefully

Index Inclusion

Excluded from S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, and Dow Jones Islamic Market (DJIM)

Key Compliance Considerations

Debt Ratio

11.4%

Liquidity Ratio

0.0%

Interest Income Ratio

1.0%

Purification

1.01%