Does The Gabelli Global Small and Mid Cap Value Trust pass AAOIFI screening?

The Gabelli Global Small and Mid Cap Value Trust (GGZ) 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% (GGZ: 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 Gabelli Global Small and Mid Cap Value Trust 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 Gabelli Global Small and Mid Cap Value Trust (GGZ) using the latest financial data.

Where can I screen The Gabelli Global Small and Mid Cap Value Trust for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for The Gabelli Global Small and Mid Cap Value Trust (GGZ) 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 GGZ's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

GGZ: Is The Gabelli Global Small and Mid Cap Value Trust Halal?

The Gabelli Global Small and Mid Cap Value Trust

NYSEFinancial ServicesUS

$16.61

+0.73%

Market Cap: 126.9M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is The Gabelli Global Small and Mid Cap Value Trust (GGZ) halal? Not Halal. Based on AAOIFI screening, The Gabelli Global Small and Mid Cap Value Trust 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.

37.3% of 5.0% limit

69% of the basket's holdings were screened individually.

About The Gabelli Global Small and Mid Cap Value Trust

Established by GAMCO Investors, Inc., The Gabelli Global Small and Mid Cap Value Trust functions as a closed-end equity investment vehicle managed by Gabelli Funds, LLC. This trust deploys capital across public equity markets worldwide, aiming to acquire shares in companies operating within diverse sectors. Its core investment approach concentrates on undervalued small and medium-sized enterprises, specifically those with a market capitalization of $12 billion or less. Portfolio performance is measured against the MSCI World SMID Cap Index. The fund was inaugurated on August 19, 2013, and is legally based in the United States.

Sector: Financial Services · Industry: Asset Management - Global

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% (37.3%)

Basket Composition

69% 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.

30%

37%

32%

Halal30%

Doubtful1%

Not Halal37%

Unknown32%

Top Holdings

United States Treasury BillsNot Halal3.94%Rolls-Royce Holdings PLCUnknown2.81%Chocoladefabriken Lindt & Spruengli AGUnknown2.55%CNHCNH INDUSTRIAL NVNot Halal2.40%SONYSony Group Corp.Halal2.35%MLIMueller Industries Inc.Halal2.33%United States Treasury BillsNot Halal1.93%United States Treasury BillsNot Halal1.87%TIGOMillicom International Cellular SANot Halal1.78%CCJCameco CorporationHalal1.76%

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.

Visa Inc.

Mastercard Incorporated

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 Gabelli Global Small and Mid Cap Value Trust (GGZ) halal to invest in?

The Gabelli Global Small and Mid Cap Value Trust (GGZ) 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 Gabelli Global Small and Mid Cap Value Trust get a F compliance rating?

The Gabelli Global Small and Mid Cap Value Trust'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 Gabelli Global Small and Mid Cap Value Trust's Shariah verdict?

The Gabelli Global Small and Mid Cap Value Trust'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 Gabelli Global Small and Mid Cap Value Trust re-screened for Shariah compliance?

The Gabelli Global Small and Mid Cap Value Trust (GGZ) 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.