Genco Shipping & Trading Limited

GNK: Is Genco Shipping & Trading Limited Halal?

Genco Shipping & Trading Limited

NYSEIndustrialsUS

$24.16

-0.04%

Market Cap: 1.1B

Compliance Status

Doubtful

Screened on Aug 31, 2026 · AAOIFI Standard 21

B

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 Aug 31, 2026. Source: https://halalscreener.app/en/stock/GNK

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%.

28.0% of 30.0% limit

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.

About Genco Shipping & Trading Limited

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns and operates dry bulk carrier vessels to transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of December 31, 2021, the company fleet consisted of 44 dry bulk carriers, including 17 Capesize, 15 Ultramax, and 12 Supramax with an aggregate capacity of approximately 4,636,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.

Sector: Industrials · Industry: Marine Shipping

Why This Stock Is Doubtful

  • Debt is 28.0% of market cap, only 2.0 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 Aug 31, 2026

Compliance History

  1. Doubtfulnow

    since Aug 2026

  2. Halal

    until the change above

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

Fiscal: Q2 2026Data source: EDGAR

More Industrials Stocks

GE

GE Aerospace

A+

CAT

Caterpillar Inc.

A

RTX

RTX Corporation

A

UNP

Union Pacific Corporation

A

HON

Honeywell International Inc.

F

UPS

United Parcel Service, Inc.

B+
Free · No credit card required

Track GNK and 6,200+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

Get Started FreeBrowse Screener
6,200+ assets AAOIFI standards Free watchlist

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 28.0% (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: Aug 31, 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.