
Is Galiano Gold (GAU) stock Halal?
September 2026 AAOIFI screening result for Galiano Gold, Inc. (GAU): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, pass. Preference shares, pass. Dividend purification factor: 99.64%. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Galiano Gold is a mining company primarily focused on the exploration, development, and production of gold assets. Operating predominantly within the mining industry, the company's primary purpose is to explore and bring into production precious metal resources. Galiano Gold holds a joint venture interest in the Asanko Gold Mine, located in Ghana, which plays a crucial role in its operations. This mine is a significant asset, contributing to the company's output and revenues. Before any of that matters to a Muslim investor, one question comes first: is Galiano Gold stock Halal?
Is Galiano Gold Shariah compliant?
For a resources company like Galiano Gold, AAOIFI Shariah Standard No. 21 has little quarrel with the product; the scrutiny falls on the financing. Heavy machinery and long project cycles are usually funded with debt, and the standard tolerates interest bearing borrowing only below 30% of market capitalisation.
Does Galiano Gold pass the business activity test?
Yes. In the September 2026 screening Galiano Gold holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.
Is Galiano Gold's income Halal?
Yes, within AAOIFI's tolerance. Galiano Gold's income from non-permissible sources stays below 5% of revenue in the September 2026 screening, and the small impure portion is handled through purification: the factor of 99.64% tells holders of GAU what share of each dividend to keep and what remainder to donate to charity.
Does Galiano Gold meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has GAU re-screened every month, and the result above always shows the latest verdict.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?



