GCL
Quality Rating
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
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
- Core business in video gaming industry classified as non-compliant due to potential maysir and gharar
- Exclusion from all major Shariah indices despite strong financial ratios
Debt Ratio
11.4%
Liquidity Ratio
0.0%
Interest Income Ratio
1.0%
Purification
1.01%