Is GABELLI EQUITY TRUST INC (GAB-PH) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Asset Management | ✗ NOT HALAL | |||
| DJIM | Excluded — Asset Management | ✗ NOT HALAL | |||
| MSCI | Excluded — Asset Management | ✗ NOT HALAL | |||
| S&P | Excluded — Asset Management | ✗ NOT HALAL | |||
| FTSE | Excluded — Asset Management | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 100.0% | |
| Operating Margin | 39.0% | |
| Net Margin | 847.5% | |
| Return on Equity (ROE) | 15.8% | |
| Return on Assets (ROA) | 0.4% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $228M |
| Free Cash Flow | $228M |
| Total Debt | $424,418 |
| Debt-to-Equity | 5.2 |
| Current Ratio | 1.7 |
| Total Assets | $2.0B |
Price & Trading
| Last Close | $20.65 |
| 50-Day MA | $20.96 |
| 200-Day MA | $20.98 |
| Avg Volume | 6K |
| Beta | 0.8 |
|
52-Week Range
$20.35
| |
About GABELLI EQUITY TRUST INC (GAB-PH)
The Gabelli Equity Trust Inc. is a closed ended equity mutual fund launched by GAMCO Investors, Inc. The fund is managed by Gabelli Funds, LLC. It invests in public equity markets of the United States. The fund seeks to invest in stocks of companies operating across diversified sectors. It invests in preferred stock, convertible or exchangeable securities, and warrants and rights. The fund primarily invests in value stocks of companies across market capitalizations. It employs fundamental analysis with a bottom-up stock picking approach to create its portfolio. The fund seeks to benchmarks the performance of its portfolio against the S&P 500 Index, Dow Jones Industrial Average, and Nasdaq Composite Index. The Gabelli Equity Trust Inc. was formed on August 21, 1986 and is domiciled in the United States.
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Frequently Asked Questions
Is GABELLI EQUITY TRUST INC (GAB-PH) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), GABELLI EQUITY TRUST INC is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is GABELLI EQUITY TRUST INC's debt ratio?
GABELLI EQUITY TRUST INC's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are GABELLI EQUITY TRUST INC's key financial metrics?
GABELLI EQUITY TRUST INC has a market capitalization of $1.3B, trailing P/E ratio of 17.3, and revenue of $203M. The company maintains a gross margin of 100.0% and a net margin of 847.5%. Return on equity stands at 15.8%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.