What is Genco Shipping & Trading Limited's Shariah compliance score?

Genco Shipping & Trading Limited (GNK) has a Shariah compliance score of 78/100 (Grade: B+, Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Genco Shipping & Trading Limited pass AAOIFI screening?

Genco Shipping & Trading Limited (GNK) passes AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (GNK: 18.3%), (3) interest-bearing deposits below 30% (GNK: 5.4%), and (4) prohibited income below 5% (GNK: 0.5%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Genco Shipping & Trading Limited stock?

Genco Shipping & Trading Limited (GNK) has a non-permissible income ratio of 0.52%. Muslim investors should purify this percentage of any dividends received and capital gains realized from GNK shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Genco Shipping & Trading Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Genco Shipping & Trading Limited (GNK) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about GNK's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Genco Shipping & Trading Limited (GNK) halal? Halal. Based on AAOIFI screening, Genco Shipping & Trading Limited passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 78/100 (Grade: B+).

GNK: Is Genco Shipping & Trading Limited Halal?

Halal

Genco Shipping & Trading Limited

NYSEIndustrialsUS

$24.16

-0.04%

AvoidBorderlineClean

Purify ~0.5% of income

About Genco Shipping & Trading Limited

Genco Shipping & Trading Limited, together with its subsidiaries, engages in the ocean transportation of dry bulk cargoes worldwide. The company owns and operates dry bulk carrier vessels to transports iron ore, coal, grains, steel products, and other dry-bulk cargoes. It charters its vessels primarily to trading houses, including commodities traders; producers; and government-owned entities. As of December 31, 2021, the company fleet consisted of 44 dry bulk carriers, including 17 Capesize, 15 Ultramax, and 12 Supramax with an aggregate capacity of approximately 4,636,000 deadweight tons. Genco Shipping & Trading Limited was incorporated in 2004 and is headquartered in New York, New York.

Sector: Industrials · Industry: Marine Shipping

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 11, 2026

B+

Good

Good compliance with minor concerns

78Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap18.3% / 30.0%

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 11, 2026Fiscal: Q1 2026Source: EDGAR

Purify Your GNK Dividends

0.5% non-compliant income

GNK has 0.5% prohibited income. Calculate exactly how much of your dividends to donate.

Financial Overview

Market Cap

1.1B

Price

$24.16

Sector

Industrials

Industry

Marine Shipping

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Frequently Asked Questions

Is Genco Shipping & Trading Limited (GNK) halal to invest in?

Based on AAOIFI Standard 21 screening, Genco Shipping & Trading Limited (GNK) is rated Halal with a compliance grade of B+ (Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).

Why did Genco Shipping & Trading Limited get a B+ compliance rating?

Genco Shipping & Trading Limited (GNK) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 18.3% (limit 30%); interest-bearing deposits of 5.4% (limit 30%); prohibited income of 0.52% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Genco Shipping & Trading Limited's Shariah verdict?

Genco Shipping & Trading Limited's verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.

How often is Genco Shipping & Trading Limited re-screened for Shariah compliance?

Genco Shipping & Trading Limited (GNK) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 11, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.