Is CGI (GIB-A) Halal?
Shariah Screening — 5 Standards
Based on financial data from September 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 19.4% / 30% | 3.9% / 30% | 7.3% / 30% | 0.28% / 5% | ✓ HALAL |
| DJIM | 19.4% / 33% | 3.9% / 33% | 7.3% / 33% | 0.28% / 5% | ✓ HALAL |
| MSCI | 22.2% / 33% | 4.4% / 33% | 8.4% / 33% | 0.28% / 5% | ✓ HALAL |
| S&P | 19.4% / 33% | 3.9% / 33% | 7.3% / 33% | 0.28% / 5% | ✓ HALAL |
| FTSE | 22.2% / 33% | 4.4% / 33% | 8.4% / 50% | 0.28% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 20.5% | |
| Operating Margin | 16.1% | |
| Net Margin | 10.3% | |
| Return on Equity (ROE) | 16.8% | |
| Return on Assets (ROA) | 9.0% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $2.2B |
| Free Cash Flow | $2.0B |
| Total Debt | $4.3B |
| Debt-to-Equity | 44.5 |
| Current Ratio | 0.9 |
| Total Assets | $19.5B |
Price & Trading
| Last Close | CAD 100.74 |
| 50-Day MA | CAD 106.39 |
| 200-Day MA | CAD 124.34 |
| Avg Volume | 649K |
| Beta | 0.2 |
|
52-Week Range
CAD 95.84
| |
About CGI (GIB-A)
CGI Inc. provides information technology and business process services in Western and Southern Europe, the United States, Canada, Scandinavia, Northwest and Central-East Europe, the United Kingdom, Australia, Germany, Finland, Poland, Baltics, and the Asia Pacific. It offers end-to-end services and solutions, including business and strategic IT consulting; systems integration, such as data integration, AI and automation integration, cloud integration, Internet of Things, enterprise application integration, application programming interface integration, and legacy system modernization; managed IT and business process; and application services comprising application management, DevSecOps, application modernization and rationalization, and quality engineering and assurance. The company also provides infrastructure services, which include legacy infrastructure modernization, cloud and hybrid infrastructure management, IT service management, FinOps-enabled cloud management, cyber resilience and compliance, site reliability engineering and AIOps, and infrastructure-as-code; and intellectual property business solutions. It serves banking and capital markets, communications and media, energy and utilities, government, health, insurance, life sciences, manufacturing, retail and consumer services, space, transportation, and logistics industries. The company was formerly known as CGI Group Inc. and changed its name to CGI Inc. in January 2019. CGI Inc. was founded in 1976 and is headquartered in Montreal, Canada.
Purification Calculator
As a halal stock with 0.28% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is CGI (GIB-A) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), CGI is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is CGI's debt ratio?
CGI's debt ratio is 19.4% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 22.2%.
Does CGI require dividend purification?
Yes, CGI has an impermissible income ratio of 0.28%, which means 0.28% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are CGI's key financial metrics?
CGI has a market capitalization of $21.4B, trailing P/E ratio of 13.2, and revenue of $15.9B. The company maintains a gross margin of 20.5% and a net margin of 10.3%. Return on equity stands at 16.8%.
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.