What is Galaxy Payroll Group Limited's Shariah compliance score?

Galaxy Payroll Group Limited (GLXG) has a Shariah compliance score of 63/100 (Grade: B, Acceptable). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Galaxy Payroll Group Limited pass AAOIFI screening?

Galaxy Payroll Group Limited (GLXG) is rated Doubtful under AAOIFI Shariah screening, which is neither a clear pass nor a clear fail. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. GLXG's debt-to-market-cap is 0.7%.

How much purification is needed for Galaxy Payroll Group Limited?

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 percentage and amount for Galaxy Payroll Group Limited (GLXG) using the latest financial data.

Where can I screen Galaxy Payroll Group Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Galaxy Payroll Group Limited (GLXG) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

GLXGDoubtfulB

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Compliance Status

Doubtful

Screened on Oct 9, 2026 · AAOIFI Standard 21

Acceptable

63Score

Is Galaxy Payroll Group Limited (GLXG) halal? Doubtful. Based on AAOIFI screening, Galaxy Payroll Group Limited passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 63/100 (Grade: B).

Quote this verdict

HalalScreener rates Galaxy Payroll Group Limited (GLXG) Doubtful, 63/100, grade B under AAOIFI Standard 21, screened Oct 9, 2026. Source: https://halalscreener.app/en/stock/GLXG

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%.

0.7% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

What this means for you

You may own GLXG, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

We have screened GLXG's prohibited income, but the exact share you would need to purify is part of Pro.

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GLXG: Is Galaxy Payroll Group Limited Halal?

Galaxy Payroll Group Limited

NASDAQIndustrialsHK

$1.03

Market Cap: 2.0M

Screened on a market cap of 15.7M

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About Galaxy Payroll Group Limited

Galaxy Payroll Group Limited, through its subsidiaries, provides payroll outsourcing, employment, and consultancy and market research services. It has operations in Hong Kong, Macau, the People’s Republic of China, Taiwan, Japan, Australia, Thailand, Malaysia, Vietnam, India, Indonesia, Singapore, Bangladesh, South Korea, and the Philippines. Galaxy Payroll Group Limited was founded in 2013 and is based in Sheung Wan, Hong Kong.

Sector: Industrials · Industry: Staffing & Employment Services

Why This Stock Is Doubtful

Interest-bearing deposits are close to the 30% limit.

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 9, 2026

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Institutional-grade Shariah analysis

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Screened according to AAOIFI Standard 21

Compliance History

Doubtfulnow
since Sep 2026
Halal
until the change above

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

Fiscal: Q2 2025Data source: FMP

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Frequently Asked Questions

Is Galaxy Payroll Group Limited (GLXG) halal to invest in?

Galaxy Payroll Group Limited (GLXG) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Galaxy Payroll Group Limited get a B compliance rating?

Galaxy Payroll Group Limited (GLXG) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.7% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Galaxy Payroll Group Limited's Shariah verdict?

Galaxy Payroll Group Limited'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 Galaxy Payroll Group Limited re-screened for Shariah compliance?

Galaxy Payroll Group Limited (GLXG) 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: Oct 9, 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.