
Is Graphic Packaging (GPK) stock Halal?
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. Graphic Packaging Holding Co. (GPK) does not meet the threshold for the interest-bearing debt screen as of September 2026, so it is not Shariah compliant.
Graphic Packaging is a leading provider in the packaging industry, specializing in sustainable fiber-based solutions. It primarily produces paperboard packaging, which plays a critical role in protecting, preserving, and marketing products for consumer brands. Catering to a variety of sectors, including food and beverage, household goods, and personal care, the company serves high-profile end markets with customized packaging solutions tailored to specific client needs. For Muslim investors, though, the most pressing question is simpler: is Graphic Packaging a Halal investment?
Is Graphic Packaging Shariah compliant?
For industrial companies like Graphic Packaging, the product is rarely the problem; aircraft, vehicles and machinery are permissible. The exposure is leverage: fleets and factories are financed, and the 30% cap that AAOIFI Shariah Standard No. 21 places on interest bearing debt is the screen that decides most verdicts in this sector.
Does Graphic Packaging pass the business activity test?
The activity screen is only part of the picture this month: Graphic Packaging 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 Graphic Packaging's income Halal?
Yes, within AAOIFI's tolerance. Graphic Packaging's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Graphic Packaging 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?



