Is Globex Mining Enterprises, Inc. GMX stock Halal to invest in?

No, as of September 2026, Globex Mining Enterprises, Inc. stock (GMX) 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. Globex Mining Enterprises, Inc. currently does not meet the threshold for the non-permissible income and interest-bearing investments screens. 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 Globex Mining Enterprises, Inc. and discover Shariah compliant alternatives among the Halal stocks in the Tabadulat app.

How often is Globex Mining Enterprises, Inc. GMX reviewed for Shariah compliance?

Tabadulat reviews Globex Mining Enterprises, Inc. GMX 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screening ensures the status shown for Globex Mining Enterprises, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Globex Mining Enterprises, Inc. GMX pass the AAOIFI Non Permissible Income criteria?

No, as of September 2026, Globex Mining Enterprises, Inc. stock (GMX) does not pass the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or Riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Globex Mining Enterprises, Inc.'s income from non-permissible sources currently exceeds this 5% ceiling, which makes the stock non-compliant on this criterion regardless of how it performs on the other screens. The screen is reassessed monthly, so the status can change when the company releases new financial statements.

Does Globex Mining Enterprises, Inc. GMX pass the AAOIFI Interest Bearing Investments criteria?

No, as of September 2026, Globex Mining Enterprises, Inc. stock (GMX) does not pass 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. Globex Mining Enterprises, Inc.'s interest-bearing investments currently exceed this 30% limit, meaning too large a share of the company's value derives from Riba-based instruments for the stock to qualify as Halal on this criterion. The ratio moves with both the balance sheet and the share price, and is reassessed monthly.

Does Globex Mining Enterprises, Inc. GMX pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of September 2026, Globex Mining Enterprises, Inc. stock (GMX) passes the AAOIFI interest-bearing debt screen. Each month Tabadulat measures Globex Mining Enterprises, Inc.'s interest-accruing borrowings against AAOIFI's 30% market capitalisation cap. The current screening shows the company within the limit, so the debt screen passes. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Globex Mining Enterprises, Inc. GMX stock?

Globex Mining Enterprises, Inc. (GMX) 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 Globex Mining Enterprises, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Globex Mining Enterprises, Inc. GMX pass the AAOIFI Preference Share screen?

Yes, as of September 2026, Globex Mining Enterprises, Inc. stock (GMX) 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. Globex Mining Enterprises, Inc. 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.

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Is Globex Mining Enterprises (GMX) stock Halal?

TSX

Shariah-Compliant

Not Shariah

As of the September 2026 screening, Globex Mining Enterprises, Inc. (GMX) does not meet the AAOIFI Shariah Standard No. 21 threshold for the non-permissible income and interest-bearing investments screens, so the stock is not currently classified as Shariah compliant. It is re-screened every month and can regain compliance if its financial structure changes.

Sector:

Basic Materials

Industry:

Other Industrial Metals & Mining

Employees:

Website:

https://www.globexmining.com

Market cap:

CA$129M

P/E ratio:

14.3

Dividend yield:

52-week range:

CA$1.34 - CA$2.90

Data as of:

3 September 2026

Screening history:

September 2026: FAIL

Globex Mining Enterprises is a dedicated mining exploration company focused on acquiring, exploring, and developing mineral resource properties. The company's primary function is to discover economically viable mineral deposits and market them to larger mining conglomerates for development. With a portfolio that includes precious metals, base metals, specialty metals, and industrial minerals, Globex plays a pivotal role in the minerals and mining sector. For Muslim investors, though, the most pressing question is simpler: is Globex Mining Enterprises a Halal investment?

Is Globex Mining Enterprises Shariah compliant?

Extracting and selling oil, gas or materials is a permissible business, so companies like Globex Mining Enterprises rarely stumble on the activity screen. The pressure point is capital structure: energy is a capital hungry industry that borrows heavily, and AAOIFI Shariah Standard No. 21 caps interest bearing debt at 30% of market capitalisation, a line that moves as commodity cycles move the share price.

Does Globex Mining Enterprises pass the business activity test?

The activity screen is only part of the picture this month: Globex Mining Enterprises currently fails the non-permissible income and interest-bearing investments screens, so the overall verdict is not compliant regardless of the business itself. The activity itself, extracting and selling resources, raises no Shariah objection; the scrutiny belongs to the financing.

Is Globex Mining Enterprises' income Halal?

No. Globex Mining Enterprises' income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.

Does Globex Mining Enterprises meet AAOIFI's debt and investment ratio requirements?

Not in full. Interest bearing investments currently exceed 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?

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