What is Grid Dynamics Holdings, Inc.'s Shariah compliance score?

Grid Dynamics Holdings, Inc.'s (GDYN) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Grid Dynamics Holdings, Inc. pass AAOIFI screening?

Grid Dynamics Holdings, Inc. (GDYN) 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% (GDYN: 3.5%), (3) interest-bearing deposits below 30% (GDYN: 67.2%), and (4) prohibited income below 5% (GDYN: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Grid Dynamics Holdings, Inc. stock?

Grid Dynamics Holdings, Inc. (GDYN) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from GDYN shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Grid Dynamics Holdings, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Grid Dynamics Holdings, Inc. (GDYN) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about GDYN's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

GDYN: Is Grid Dynamics Holdings, Inc. Halal?

Grid Dynamics Holdings, Inc.

NASDAQTechnologyUS

$6.43

+4.89%

Market Cap: 537.7M

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Grid Dynamics Holdings, Inc. (GDYN) halal? Not Halal. Based on AAOIFI screening, Grid Dynamics Holdings, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

3.5% of 30.0% limit

What this means for you

Most scholars advise not holding GDYN

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Grid Dynamics Holdings, Inc.

Grid Dynamics Holdings, Inc., along with its affiliated entities, specializes in delivering comprehensive digital transformation services. The company provides expertise in crucial areas such as advanced search capabilities, data analytics, and automated release processes. Its clientele primarily consists of Fortune 1000 organizations across North America, Europe, and various international markets. Grid Dynamics collaborates closely with these major corporations, guiding their digital transformation journeys from strategic planning and early-stage prototype development through to the full-scale implementation of innovative digital platforms. Their service portfolio is extensive, encompassing technical advisory, software design and development, quality assurance testing, and ongoing internet service operations. The firm supports a diverse array of sectors, including retail, technology and telecommunications, media, consumer packaged goods (CPG) and manufacturing, and financial services, among others. Originally established in 2006, the company was formerly known as ChaSerg Technology Acquisition Corp. before adopting its current name. Grid Dynamics maintains its headquarters in San Ramon, California.

Sector: Technology · Industry: Information Technology Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

Tracked since Jun 2026. Updates automatically on each re-screen.

Fiscal: Q1 2026Data source: EDGAR

Halal Alternatives in Technology

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

UIA+

Ubiquiti Inc.

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UCrest Bhd

$0.07

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Willowglen MSC Bhd

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0010.KLA+

IRIS Corporation Bhd

$0.22

-0.04%

0023.KLA+

IFCA MSC Bhd

$0.21

+0.00%

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Frequently Asked Questions

Is Grid Dynamics Holdings, Inc. (GDYN) halal to invest in?

Grid Dynamics Holdings, Inc. (GDYN) 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 Grid Dynamics Holdings, Inc. get a F compliance rating?

Grid Dynamics Holdings, Inc. (GDYN) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 3.5% (limit 30%); interest-bearing deposits of 67.2% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Grid Dynamics Holdings, Inc.'s Shariah verdict?

Grid Dynamics Holdings, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Grid Dynamics Holdings, Inc. re-screened for Shariah compliance?

Grid Dynamics Holdings, Inc. (GDYN) 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: Jul 18, 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.