What is Genco Shipping & Trading Limited's Shariah compliance score?

Genco Shipping & Trading Limited (GNK) has a Shariah compliance score of 69/100 (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 Genco Shipping & Trading Limited pass AAOIFI screening?

Genco Shipping & Trading Limited (GNK) 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%. GNK's debt-to-market-cap is 27.5%.

How much purification is needed for Genco Shipping & Trading 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 Genco Shipping & Trading Limited (GNK) using the latest financial data.

Where can I screen Genco Shipping & Trading Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Genco Shipping & Trading Limited (GNK) 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.

GNKDoubtfulB

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Compliance Status

Doubtful

Screened on Oct 13, 2026 · AAOIFI Standard 21

Acceptable

69Score

Is Genco Shipping & Trading Limited (GNK) halal? Doubtful. Based on AAOIFI screening, Genco Shipping & Trading Limited passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 69/100 (Grade: B).

Quote this verdict

HalalScreener rates Genco Shipping & Trading Limited (GNK) Doubtful, 69/100, grade B under AAOIFI Standard 21, screened Oct 13, 2026. Source: https://halalscreener.app/en/stock/GNK

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

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

27.5% 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 GNK, 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 GNK's prohibited income, but the exact share you would need to purify is part of Pro.

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GNK: Is Genco Shipping & Trading Limited Halal?

Genco Shipping & Trading Limited

NYSEIndustrialsUS

$24.51

Market Cap: 1.1B

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About Genco Shipping & Trading Limited

Genco Shipping & Trading Limited, along with its associated companies, is a global participant in the maritime transport industry, focusing on the delivery of dry bulk commodities across the world's oceans. The firm owns and operates a fleet of dry bulk carrier vessels, which are utilized to convey various materials, including iron ore, coal, grains, steel products, and other loose bulk cargoes. These ships are predominantly leased to a range of clients such as major commodities traders, industrial producers, and state-owned organizations. As of December 31, 2021, Genco's fleet was composed of 44 dry bulk carriers, specifically featuring 17 Capesize, 15 Ultramax, and 12 Supramax vessels, collectively capable of transporting approximately 4,636,000 deadweight tons. Established in 2004, Genco Shipping & Trading Limited maintains its principal office in New York, New York.

Sector: Industrials · Industry: Marine Shipping

Why This Stock Is Doubtful

Interest-bearing debt is 27.5% of market cap, only 2.5 points below the 30% AAOIFI 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 13, 2026

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Screened according to AAOIFI Standard 21

Compliance History

Doubtfulnow
since Aug 2026
Halal
until the change above

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

Fiscal: Q2 2026Data source: EDGAR

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Frequently Asked Questions

Is Genco Shipping & Trading Limited (GNK) halal to invest in?

Genco Shipping & Trading Limited (GNK) 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 Genco Shipping & Trading Limited get a B compliance rating?

Genco Shipping & Trading Limited (GNK) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 27.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Genco Shipping & Trading Limited's Shariah verdict?

Genco Shipping & Trading 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 Genco Shipping & Trading Limited re-screened for Shariah compliance?

Genco Shipping & Trading Limited (GNK) 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 13, 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.