Is GENCO SHIPPING & TRADING LTD (GNK) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 20.2% / 30% | 5.8% / 30% | 1.6% / 30% | 0.43% / 5% | ✓ HALAL |
| DJIM | 20.2% / 33% | 5.8% / 33% | 1.6% / 33% | 0.43% / 5% | ✓ HALAL |
| MSCI | 17.1% / 33% | 4.9% / 33% | 1.3% / 33% | 0.43% / 5% | ✓ HALAL |
| S&P | 20.2% / 33% | 5.8% / 33% | 1.6% / 33% | 0.43% / 5% | ✓ HALAL |
| FTSE | 17.1% / 33% | 4.9% / 33% | 1.3% / 50% | 0.43% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 35.7% | |
| Operating Margin | 17.3% | |
| Net Margin | -1.3% | |
| Return on Equity (ROE) | -0.5% | |
| Return on Assets (ROA) | 0.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $32M |
| Free Cash Flow | -$61M |
| Total Debt | $195M |
| Debt-to-Equity | 21.7 |
| Current Ratio | 2.4 |
| Total Assets | $1.1B |
Price & Trading
| Last Close | $22.66 |
| 50-Day MA | $21.81 |
| 200-Day MA | $18.09 |
| Avg Volume | 470K |
| Beta | 1.1 |
|
52-Week Range
$11.20
| |
About GENCO SHIPPING & TRADING LTD (GNK)
Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of drybulk cargoes worldwide. It operates through two segments: major bulk and minor bulk fleet. The company owns and operates dry bulk vessels to transports iron ore, grains, coal, steel products, and other drybulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.
Purification Calculator
As a halal stock with 0.43% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is GENCO SHIPPING & TRADING LTD (GNK) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), GENCO SHIPPING & TRADING LTD 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 GENCO SHIPPING & TRADING LTD's debt ratio?
GENCO SHIPPING & TRADING LTD's debt ratio is 20.2% 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 17.1%.
Does GENCO SHIPPING & TRADING LTD require dividend purification?
Yes, GENCO SHIPPING & TRADING LTD has an impermissible income ratio of 0.43%, which means 0.43% 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 GENCO SHIPPING & TRADING LTD's key financial metrics?
GENCO SHIPPING & TRADING LTD has a market capitalization of $968M, and revenue of $342M. The company maintains a gross margin of 35.7% and a net margin of -1.3%. Return on equity stands at -0.5%.
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.