Is Genesis Resources (GES) stock Halal?
Genesis Resources Ltd. (GES) is not Shariah compliant in the September 2026 AAOIFI screening: it fails the interest-bearing debt screen. Tabadulat re-screens GES monthly, and a stock can return to compliance when new financial reports change its ratios.
Genesis Resources is a well-known apparel company that designs, markets, distributes, and licenses lifestyle collections of contemporary apparel and accessories. It offers a wide range of products including jeans, dresses, tops, and accessories such as watches, footwear, and jewelry. With its iconic branding and fashion-forward design, Guess? caters to a diverse demographic, targeting both young adults and mature consumers seeking trendy yet classic fashion styles. Before any of that matters to a Muslim investor, one question comes first: is Genesis Resources stock Halal?
Is Genesis Resources Shariah compliant?
Industrial businesses like Genesis Resources usually pass the activity screen without drama. The harder test is financial: heavy assets mean heavy financing, and AAOIFI Shariah Standard No. 21 tolerates interest bearing debt and investments only below 30% of market capitalisation, ratios that shift with every move in the share price.
Does Genesis Resources pass the business activity test?
The activity screen is only part of the picture this month: Genesis Resources currently fails the interest-bearing debt screen, so the overall verdict is not compliant regardless of the business itself. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.
Is Genesis Resources' income Halal?
Yes, within AAOIFI's tolerance. Genesis Resources' income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Genesis Resources 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 AAOIFI Standards Explained: What Makes a Stock Halal?



