Is Genesis Land Development Corp. GDC stock Halal to invest in?

No, as of September 2026, Genesis Land Development Corp. stock (GDC) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening Halal stocks. To qualify as Halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Genesis Land Development Corp. currently does not meet the threshold for the interest-bearing debt screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Genesis Land Development Corp. and discover Shariah compliant alternatives among the Halal stocks in the Tabadulat app.

How often is Genesis Land Development Corp. GDC reviewed for Shariah compliance?

Tabadulat reviews Genesis Land Development Corp. GDC for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Genesis Land Development Corp. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Genesis Land Development Corp. GDC pass the AAOIFI Non Permissible Income criteria?

Yes, as of September 2026, Genesis Land Development Corp. stock (GDC) passes the AAOIFI non-permissible income screen. Each month Tabadulat measures Genesis Land Development Corp.'s income from impermissible sources, covering Riba, conventional financial services, alcohol, gambling and tobacco, against AAOIFI's 5% revenue ceiling. The latest screening puts the company inside the limit. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Genesis Land Development Corp. GDC pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of September 2026, Genesis Land Development Corp. stock (GDC) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from Riba (interest). Genesis Land Development Corp.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

What is the dividend purification factor for Genesis Land Development Corp. GDC stock?

Genesis Land Development Corp. (GDC) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (Tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a Halal investment. If Genesis Land Development Corp. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Genesis Land Development Corp. GDC pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Genesis Land Development Corp. stock (GDC) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Genesis Land Development Corp. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

Invest Halal, Anytime, Anywhere

Download the Tabadulat app and start building your Shariah-compliant portfolio in minutes.

English

العربية

Is Genesis Land Development (GDC) stock Halal?

TSX

Shariah-Compliant

Not Shariah

Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. Genesis Land Development Corp. (GDC) does not meet the threshold for the interest-bearing debt screen as of September 2026, so it is not Shariah compliant.

Sector:

Real Estate

Industry:

Real Estate - Development

Employees:

120

Website:

https://www.genesisland.com

Market cap:

CA$194M

P/E ratio:

6.2

Dividend yield:

14.04%

52-week range:

CA$3.00 - CA$3.84

Data as of:

3 September 2026

Screening history:

September 2026: FAIL

Genesis Land Development is a Canadian integrated land developer and residential home builder, primarily focused on the acquisition, development, and sale of residential lands and serviced lots in the Calgary Metropolitan Area and surrounding regions. The company operates through two distinct segments: Land Development, which includes acquiring, planning, rezoning, subdividing, servicing, and selling residential, commercial, and industrial lands to builders and developers; and Homebuilding, which is responsible for constructing and selling single-family homes and townhouses. For Muslim investors, though, the most pressing question is simpler: is Genesis Land Development a Halal investment?

Is Genesis Land Development Shariah compliant?

Property itself is a permissible asset, which is why real estate attracts Halal investors. The screening question for Genesis Land Development is how the portfolio is financed and whether rental income flows from impermissible tenants; the debt cap and the 5% income ceiling of AAOIFI Shariah Standard No. 21 carry the verdict.

Does Genesis Land Development pass the business activity test?

The activity screen is only part of the picture this month: Genesis Land Development currently fails the interest-bearing debt screen, so the overall verdict is not compliant regardless of the business itself. The watch item is the tenant roll: rental income from impermissible businesses counts against the 5% ceiling.

Is Genesis Land Development's income Halal?

Yes, within AAOIFI's tolerance. Genesis Land Development's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.

Does Genesis Land Development meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.

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 REITs: Halal Real Estate for Muslim Investors

Frequently asked questions

Related stocks

Mobile login screen for Tabadulat with fields to enter email, a Continue button, an option to create an account, and a language selector showing EN.

Step 1

Open your account.

Create your Tabadulat account in minutes: enter your details, complete identity verification, and add funds by secure transfer in multiple currencies. You're ready to start investing in Halal stocks the same day.

Mobile screen showing add money interface with 100 AED amount and Manual Bank Transfer payment method selected, noting 1-2 business days processing.

Step 2

Deposit.

Add funds to your account using a secure payment method. You can deposit in multiple currencies to get started.

Step 3

Screen.

Screen Stocks for Free and explore a wide range of stocks that are ethically screened for Shariah compliance. Use our Halal Stock Screener to find the best opportunities.