What is The GDL Fund's Shariah compliance score?

The GDL Fund's (GDL) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does The GDL Fund pass AAOIFI screening?

The GDL Fund (GDL) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (GDL: 0.0%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for The GDL Fund stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for The GDL Fund (GDL) using the latest financial data.

Where can I screen The GDL Fund for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for The GDL Fund (GDL) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about GDL's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

GDL: Is The GDL Fund Halal?

The GDL Fund

NYSEFinancial ServicesUS

$8.40

-0.24%

Market Cap: 94.0M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is The GDL Fund (GDL) halal? Not Halal. Based on AAOIFI screening, The GDL Fund has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Basket rule

Over the limit

An ETF is halal when non-compliant holdings stay under 5% of the basket by weight.

66.7% of 5.0% limit

93% of the basket's holdings were screened individually.

About The GDL Fund

The GDL Fund, a closed-ended equity mutual fund, was initially launched by GAMCO Investors, Inc., and is currently overseen by Gabelli Funds, LLC. This fund's strategy involves investing in publicly traded equities across various global markets, focusing on companies within a wide range of sectors. A core part of its investment approach targets firms involved in significant corporate events such as publicly announced mergers, acquisitions, tender offers, and leveraged buyouts. It also allocates capital to businesses undergoing corporate restructurings, including stubs, spin-offs, and liquidations. For performance assessment, the fund's portfolio is benchmarked against the Bank of America Merrill Lynch 3 Month U.S. Treasury Bill Index. Established in the United States on October 17, 2006, the fund was previously known as the Gabelli Global Deal Fund.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Basket-weighted haram holdings exceed 5% (66.7%)

Basket Composition

93% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

24%

67%

Halal24%

Doubtful3%

Not Halal67%

Unknown6%

Top Holdings

United States Treasury BillsNot Halal5.91%United States Treasury BillsNot Halal4.58%EAElectronic Arts Inc.Halal4.48%United States Treasury BillsNot Halal4.07%United States Treasury BillsNot Halal4.03%GTLSChart Industries IncNot Halal3.95%SEESealed Air Corp.Not Halal3.53%United States Treasury BillsNot Halal3.25%ACLXArcellx IncHalal3.05%United States Treasury BillsNot Halal3.02%

Fiscal: N/AData source: FMP-LOOKTHROUGH

Halal Alternatives in Financial Services

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

GLDA+

SPDR Gold Shares

$398.55

+0.17%

SLVA+

iShares Silver Trust

$57.44

+0.47%

PSLVA+

Sprott Physical Silver Trust

$21.30

+6.23%

PHYSA+

Sprott Physical Gold Trust

$31.75

+0.19%

CEFA+

Sprott Physical Gold and Silver Trust

$43.28

+4.44%

More Financial Services Stocks

JPM

JPMorgan Chase & Co.

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A+

PYPL

PayPal Holdings, Inc.

BAC

Bank of America Corporation

WFC

Wells Fargo & Company

Free · No credit card required

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Frequently Asked Questions

Is The GDL Fund (GDL) halal to invest in?

The GDL Fund (GDL) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did The GDL Fund get a F compliance rating?

The GDL Fund's compliance grade is determined by AAOIFI Standard 21 screening, a two-step process: (1) qualitative screen for prohibited business activities and (2) quantitative check of debt, interest deposits, and prohibited income ratios. Scroll up to see the detailed ratio breakdown.

What could change The GDL Fund's Shariah verdict?

The GDL Fund's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.

How often is The GDL Fund re-screened for Shariah compliance?

The GDL Fund (GDL) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 26, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.