What is Gates Industrial Corporation plc's Shariah compliance score?

Gates Industrial Corporation plc's (GTES) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Gates Industrial Corporation plc pass AAOIFI screening?

Gates Industrial Corporation plc (GTES) does not pass 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% (GTES: 32.7%), (3) interest-bearing deposits below 30% (GTES: 11.9%), and (4) prohibited income below 5% (GTES: 0.3%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Gates Industrial Corporation plc stock?

Gates Industrial Corporation plc (GTES) has a non-permissible income ratio of 0.28%. Muslim investors should purify this percentage of any dividends received and capital gains realized from GTES 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 Gates Industrial Corporation plc for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Gates Industrial Corporation plc (GTES) 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 GTES's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

Is Gates Industrial Corporation plc (GTES) halal? Not Halal. Based on AAOIFI screening, Gates Industrial Corporation plc passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

GTES: Is Gates Industrial Corporation plc Halal?

Not Halal

Gates Industrial Corporation plc

NYSEIndustrialsUS

$26.84

+5.96%

AvoidBorderlineClean

About Gates Industrial Corporation plc

Gates Industrial Corporation plc operates worldwide, specializing in the engineering, manufacturing, and sale of sophisticated power transmission and fluid power systems. The company is organized into two main operational units: Power Transmission and Fluid Power. The Power Transmission segment delivers a wide array of belts, including V-belts, CVT belts, and Micro-V belts, whether synchronous or asynchronous, along with essential associated components like sprockets, pulleys, water pumps, and tensioners. These solutions are integral to various platforms, from stationary and mobile drive systems to engine components, personal mobility, and vertical lifting mechanisms. This division also provides metal drive parts and complete kits for the automotive aftermarket. Through its Fluid Power segment, Gates offers comprehensive hydraulic solutions, which encompass hoses, tubing, fittings, and pre-assembled units. These products are crucial for stationary and mobile hydraulic systems, engine applications, and a broad spectrum of other industrial uses. Gates' engineered products, all marketed under the Gates brand, cater to a diverse range of industries. These include construction, agriculture, energy, automotive, transportation, recreational vehicles, consumer products, and various industrial applications such as automated manufacturing and logistics systems. The company supplies both original equipment manufacturers and customers in the replacement parts channel. Established in 1911, Gates Industrial Corporation plc maintains its headquarters in Denver, Colorado.

Sector: Industrials · Industry: Industrial - Machinery

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 2026

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

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

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap32.7% / 30.0%

Compliance History

Not 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 12, 2026Fiscal: Q1 2026Source: FMP

Financial Overview

Market Cap

6.8B

Price

$26.84

Sector

Industrials

Industry

Industrial - Machinery

Halal Alternatives in Industrials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

FASTA+

Fastenal Company

$44.88

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ODFLA+

Old Dominion Freight Line, Inc.

$218.36

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SAIAA+

Saia, Inc.

$467.89

-6.83%

ADURA+

Aduro Clean Technologies Inc.

$13.86

-1.56%

PHOEA+

Phoenix Asia Holdings Limited Ordinary Shares

$15.76

-9.62%

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HON

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UPS

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Frequently Asked Questions

Is Gates Industrial Corporation plc (GTES) halal to invest in?

Gates Industrial Corporation plc (GTES) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Gates Industrial Corporation plc get a F compliance rating?

Gates Industrial Corporation plc (GTES) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 32.7% (limit 30%); interest-bearing deposits of 11.9% (limit 30%); prohibited income of 0.28% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Gates Industrial Corporation plc's Shariah verdict?

Gates Industrial Corporation plc'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 Gates Industrial Corporation plc re-screened for Shariah compliance?

Gates Industrial Corporation plc (GTES) 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 12, 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.