Is Good Times Restaurants (GTIM) stock Halal?

Good Times Restaurants is a publicly traded company specializing in the fast-food and quick-service restaurant industry. It is primarily known for its chain of Good Times Burgers & Frozen Custard, offering a menu of premium hamburgers, fresh-cooked breakfast items, and creamy frozen custard treats. Additionally, the company operates Bad Daddy's Burger Bar, a full-service concept emphasizing gourmet burgers and an extensive craft beer selection. Before any of that matters to a Muslim investor, one question comes first: is Good Times Restaurants stock Halal?

Is Good Times Restaurants Shariah compliant?

Yes. In the October 2026 screening Good Times Restaurants (GTIM) passes AAOIFI Shariah Standard No. 21: the business activity screen and every financial ratio screen hold. Industrial businesses like Good Times Restaurants 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 Good Times Restaurants pass the business activity test?

Yes. In the October 2026 screening Good Times Restaurants holds an overall PASS, which a stock only earns when its core business clears the activity screen. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.

Is Good Times Restaurants' income Halal?

Yes, within AAOIFI's tolerance. Good Times Restaurants' income from non-permissible sources stays below 5% of revenue in the October 2026 screening, and the small impure portion is handled through purification: the factor of 95.56% tells holders of GTIM what share of each dividend to keep and what remainder to donate to charity. On a dividend yield of around None, the purification amount is modest but real.

Does Good Times Restaurants 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, measured against a market capitalisation of $15.8M (market data as of 1 October 2026). Because the caps move with the share price, our Shariah Supervisory Board has GTIM re-screened every month, and the result above always shows the latest verdict.

Why do other halal screeners show a different verdict for Good Times Restaurants?

Screeners can disagree without either being wrong. AAOIFI Shariah Standard No. 21, which Tabadulat applies, measures interest bearing debt and investments against market capitalisation with a 30% ceiling. MSCI and FTSE measure them against total assets with a 33% ceiling, and S&P and Dow Jones Islamic use a multi year average of market capitalisation. Data dates differ too, because each provider reads filings and prices on its own schedule. The same company can therefore pass one standard and fail another in the same month. Tabadulat publishes one answer, the AAOIFI result as of October 2026, and re-screens it every month.

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 screening method? Read AAOIFI Standards Explained: What Makes a Stock Halal?