What is Gildan Activewear Inc.'s Shariah compliance score?

Gildan Activewear Inc.'s (GIL) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Gildan Activewear Inc. pass AAOIFI screening?

Gildan Activewear Inc. (GIL) 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% (GIL: 62.6%), (3) interest-bearing deposits below 30% (GIL: 3.6%), and (4) prohibited income below 5% (GIL: 0.0%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Gildan Activewear Inc. stock?

Gildan Activewear Inc. (GIL) has a non-permissible income ratio of 0.00%. Muslim investors should purify this percentage of any dividends received and capital gains realized from GIL 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 Gildan Activewear Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Gildan Activewear Inc. (GIL) 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 GIL's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

GIL: Is Gildan Activewear Inc. Halal?

Gildan Activewear Inc.

NYSEConsumer CyclicalCA

$50.89

-0.02%

Market Cap: 7.8B

Compliance Status

Not Halal

Screened on Jul 18, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Gildan Activewear Inc. (GIL) halal? Not Halal. Based on AAOIFI screening, Gildan Activewear 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

Over the limit

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

62.6% of 30.0% limit

What this means for you

Most scholars advise not holding GIL

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Gildan Activewear Inc.

Gildan Activewear Inc. operates as a global producer and seller of a broad spectrum of clothing items, distributing its merchandise across the United States, North America, Europe, Asia-Pacific, and Latin America. The company offers an extensive array of activewear products, including various T-shirts, fleece tops and bottoms, and athletic shirts. These are marketed under prominent labels such as Gildan, Gildan Performance, Gildan Hammer, Comfort Colors, American Apparel, Alstyle, and GoldToe. In addition to activewear, Gildan provides a comprehensive line of hosiery. This category encompasses athletic, dress, casual, liner, therapeutic, and workwear socks, along with sheer pantyhose, tights, and leggings. These hosiery products are sold under numerous brand names, including Gildan, Under Armour, GoldToe, PowerSox, Signature Gold by Goldtoe, Peds, MediPeds, Therapy Plus, All Pro, Secret, Silks, Secret Silky, and American Apparel. Furthermore, Gildan manufactures underwear for men and boys, as well as women's panties, primarily under the Gildan and Gildan Platinum brands. Its product portfolio also extends to ladies' shapewear, intimate apparel, and accessories, which are offered through the Secret and Secret Silky labels. Gildan's products reach their end consumers via a diverse client base, including wholesale distributors, screen printers, embellishers, traditional retailers, and lifestyle brand companies. The enterprise, founded in 1946, was initially known as Textiles Gildan Inc. before officially changing its name to Gildan Activewear Inc. in March 1995. Its corporate headquarters are located in Montreal, Canada.

Sector: Consumer Cyclical · Industry: Apparel - Manufacturers

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 18, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Consumer Cyclical

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

MARA+

Marriott International, Inc.

$366.24

-0.85%

FWDIA+

Forward Industries, Inc.

$3.96

+11.86%

ROLA+

Rollins, Inc.

$44.77

-0.40%

TSCOA+

Tractor Supply Company

$30.24

+1.65%

GNTXA+

Gentex Corporation

$24.35

-2.25%

More Consumer Cyclical Stocks

AMZN

Amazon.com, Inc.

A+

TSLA

Tesla, Inc.

The Home Depot, Inc.

MCD

McDonald's Corporation

B+

BKNG

Booking Holdings Inc.

LOW

Lowe's Companies, Inc.

Free · No credit card required

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Frequently Asked Questions

Is Gildan Activewear Inc. (GIL) halal to invest in?

Gildan Activewear Inc. (GIL) 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 Gildan Activewear Inc. get a F compliance rating?

Gildan Activewear Inc. (GIL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 62.6% (limit 30%); interest-bearing deposits of 3.6% (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 Gildan Activewear Inc.'s Shariah verdict?

Gildan Activewear 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 Gildan Activewear Inc. re-screened for Shariah compliance?

Gildan Activewear Inc. (GIL) 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.