Is GLOBAL INDUSTRIAL Co (GIC) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 6.8% / 30% | 3.6% / 30% | 10.3% / 30% | 0.04% / 5% | ✓ HALAL |
| DJIM | 6.8% / 33% | 3.6% / 33% | 10.3% / 33% | 0.04% / 5% | ✓ HALAL |
| MSCI | 16.0% / 33% | 8.6% / 33% | 24.3% / 33% | 0.04% / 5% | ✓ HALAL |
| S&P | 6.8% / 33% | 3.6% / 33% | 10.3% / 33% | 0.04% / 5% | ✓ HALAL |
| FTSE | 16.0% / 33% | 8.6% / 33% | 24.3% / 50% | 0.04% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 35.5% | |
| Operating Margin | 5.7% | |
| Net Margin | 5.2% | |
| Return on Equity (ROE) | 24.2% | |
| Return on Assets (ROA) | 11.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $78M |
| Free Cash Flow | $75M |
| Total Debt | $104M |
| Debt-to-Equity | 33.1 |
| Current Ratio | 2.2 |
| Total Assets | $581M |
Price & Trading
| Last Close | $31.29 |
| 50-Day MA | $31.63 |
| 200-Day MA | $31.51 |
| Avg Volume | 100K |
| Beta | 0.9 |
|
52-Week Range
$20.79
| |
About GLOBAL INDUSTRIAL Co (GIC)
Global Industrial Company, through its subsidiaries, operates as an industrial distributor of various industrial and maintenance, repair, and operation (MRO) products in the United States and Canada. It offers storage and shelving products, safety and security products, carts and trucks, HVAC and fans, furniture and decor, material handling products, janitorial and facility maintenance products, workbenches and shop desks, tools and instruments, plumbing and pumps, office and school supplies, packaging and shipping products, lighting and electrical products, foodservice and retail products, medical and laboratory products, motors and power transmission products, building supplies, machining products, fasteners and hardware, vehicle maintenance products, and raw materials. The company distributes its industrial and MRO products under the Global, GlobalIndustrial.com, Nexel, Paramount, Interion, and Absocold brands. The company serves for-profit and not-for-profit businesses; state, local, and private educational organizations; and government entities, including federal, state, and local municipalities through relationship marketers, e-commerce sites, and catalogs. The company was formerly known as Systemax Inc and changed its name to Global Industrial Company in June 2021. Global Industrial Company was founded in 1949 and is headquartered in Port Washington, New York.
Purification Calculator
As a halal stock with 0.04% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is GLOBAL INDUSTRIAL Co (GIC) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), GLOBAL INDUSTRIAL Co 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 GLOBAL INDUSTRIAL Co's debt ratio?
GLOBAL INDUSTRIAL Co's debt ratio is 6.8% 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 16.0%.
Does GLOBAL INDUSTRIAL Co require dividend purification?
Yes, GLOBAL INDUSTRIAL Co has an impermissible income ratio of 0.04%, which means 0.04% 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 GLOBAL INDUSTRIAL Co's key financial metrics?
GLOBAL INDUSTRIAL Co has a market capitalization of $1.2B, trailing P/E ratio of 16.8, and revenue of $1.4B. The company maintains a gross margin of 35.5% and a net margin of 5.2%. Return on equity stands at 24.2%.
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.