AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: GCL
Report Date: 2026-05-20
Full Report: https://amaly.io/stock/GCL

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: BBB
Description: 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.

Primary Compliance Concerns:
- 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

Purification Requirement: 1.01%
Index Inclusion: Excluded from S&P Dow Jones Shariah Indices, MSCI Islamic Indices, FTSE Shariah Indices, and Dow Jones Islamic Market (DJIM)

KEY FINANCIAL METRICS
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Debt Ratio: 11.4%
Liquidity Ratio: 0.0%
Interest Income Ratio: 1.0%
Purification Required: 1.01%

INDEX INCLUSION STATUS
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S&P Shariah: EXCLUDED
MSCI Islamic: EXCLUDED
DJIM: EXCLUDED
FTSE Shariah: EXCLUDED
Total: 0 of 4
Last Verified: 2026-01-31

REPORTING PERIOD
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Latest Annual Report: FY 2025
Latest Quarterly Data: Q1 2026
Trend Period: FY 2020 to FY 2025
Data Retrieved: 2026-04-02T12:00:00Z

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Full interactive report: https://amaly.io/stock/GCL
Provided by Amaly (https://amaly.io) — Shariah Compliant Stock Screener
Disclaimer: This data is for informational purposes only and does not constitute financial or religious advice.