Is Goodman Group (GMG) Halal?
Shariah Screening — 5 Standards
Based on financial data from June 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 9.3% / 30% | 7.0% / 30% | 0.9% / 30% | 4.18% / 5% | ✓ HALAL |
| DJIM | 9.3% / 33% | 7.0% / 33% | 0.9% / 33% | 4.18% / 5% | ✓ HALAL |
| MSCI | 16.7% / 33% | 12.5% / 33% | 1.6% / 33% | 4.18% / 5% | ✓ HALAL |
| S&P | 9.3% / 33% | 7.0% / 33% | 0.9% / 33% | 4.18% / 5% | ✓ HALAL |
| FTSE | 16.7% / 33% | 12.5% / 33% | 1.6% / 50% | 4.18% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 82.3% | |
| Operating Margin | 55.9% | |
| Net Margin | 54.5% | |
| Return on Equity (ROE) | 7.9% | |
| Return on Assets (ROA) | 3.9% |
Cash Flow & Balance Sheet
| Free Cash Flow | $953M |
| Total Debt | $5.3B |
| Debt-to-Equity | 17.6 |
| Current Ratio | 2.9 |
| Total Assets | $31.6B |
Price & Trading
| Last Close | AUD 25.75 |
| 50-Day MA | AUD 28.81 |
| 200-Day MA | AUD 31.77 |
| Avg Volume | 3.4M |
| Beta | 1.0 |
|
52-Week Range
AUD 24.56
| |
About Goodman Group (GMG)
Goodman Group is a provider of essential infrastructure. It owns, develops and manages high quality, sustainable logistics properties and data centres in major global cities, that are critical to the digital economy. Goodman has operations in key consumer markets across Australia, New Zealand, Asia, Europe, the United Kingdom, and the Americas. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics (HK) Limited, is the largest property group on the Australian Securities Exchange, a top 20 entity by market capitalisation, and one of the largest listed specialist investment managers of industrial property globally The Group's property portfolio includes logistics and distribution centres, data centres, warehouses, light industrial, multi-storey industrial, and business parks. Goodman takes a long-term view, investing significantly alongside its capital Partners in its investment management platform and concentrating the portfolio where it can create the most value for customers and investors.
Purification Calculator
As a halal stock with 4.18% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Goodman Group (GMG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Goodman Group 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 Goodman Group's debt ratio?
Goodman Group's debt ratio is 9.3% 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 16.7%.
Does Goodman Group require dividend purification?
Yes, Goodman Group has an impermissible income ratio of 4.18%, which means 4.18% 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 Goodman Group's key financial metrics?
Goodman Group has a market capitalization of $52.0B, trailing P/E ratio of 30.2, and revenue of $2.1B. The company maintains a gross margin of 82.3% and a net margin of 54.5%. Return on equity stands at 7.9%.
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.