Is Garden Stage Ltd (GSIW) Halal?

NASDAQ Financial Services Hong Kong $23M
✗ NOT HALAL
Confidence: 95/100
Garden Stage Ltd (GSIW) is Not Halal under AAOIFI Standard 21 due to its classification in the Capital Markets industry, which is excluded under Shariah screening. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

Shariah Screening — 5 Standards

Based on financial data from March 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI Excluded — Capital Markets ✗ NOT HALAL
DJIM Excluded — Capital Markets ✗ NOT HALAL
MSCI Excluded — Capital Markets ✗ NOT HALAL
S&P Excluded — Capital Markets ✗ NOT HALAL
FTSE Excluded — Capital Markets ✗ NOT HALAL

Financial Highlights

EPS
$-35.27
P/B Ratio
0.9
Revenue
$5M
Growth: 414.6%
Beta
2.3
High volatility
Current Ratio
2.5

Profitability

Gross Margin 5.3%
Operating Margin -192.2%
Net Margin -93.2%
Return on Equity (ROE) -56.3%
Return on Assets (ROA) -31.4%

Cash Flow & Balance Sheet

Operating Cash Flow-$1M
Free Cash Flow-$1M
Total Debt$199,102
Debt-to-Equity0.7
Current Ratio2.5
Total Assets$16M

Price & Trading

Last Close$16.35
50-Day MA$24.45
200-Day MA$63.85
Avg Volume49K
Beta2.3
52-Week Range
$8.00
$358.00

About Garden Stage Ltd (GSIW)

CEO
Mr. Sze Ho Chan
Sector
Financial Services
Industry
Capital Markets
Country
Hong Kong
Exchange
NASDAQ
Market Cap
$23M
Currency
USD

Garden Stage Limited, through its subsidiaries, provides financial services in Hong Kong. It offers securities dealing and brokerage services; underwriting and placing services; investment advisory services; due diligence services; introduction and referral services; and asset management services, such as account and fund management services. The company was incorporated in 2022 and is headquartered in Central, Hong Kong. Garden Stage Limited is a subsidiary of Oriental Moon Tree Limited.

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Frequently Asked Questions

Is Garden Stage Ltd (GSIW) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), Garden Stage Ltd 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 Garden Stage Ltd's debt ratio?

Garden Stage Ltd's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.

What are Garden Stage Ltd's key financial metrics?

Garden Stage Ltd has a market capitalization of $23M, and revenue of $5M. The company maintains a gross margin of 5.3% and a net margin of -93.2%. Return on equity stands at -56.3%.

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.