Is GFUZ halal?
General Fusion Group Ltd.
Doubtful
No clear verdict is possible for General Fusion Group Ltd. — data is insufficient or the case is contested in fiqh. As a precaution it is NOT included in the halal list.
Checked: 14 October 2026
Exchange
NASDAQ
Price
6.67
Day
-5.26%
Market cap
$457.6M
Industry
Specialty Industrial Machinery
Sector
Industrials
What the company does
General Fusion (Canada, Nasdaq-listed 2026) is developing commercial fusion power using magnetized-target fusion (MTF), with the LM26 demonstration machine. Almost no revenue; research stage.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $0 ÷ current market cap $457.55M = 0.0%
0.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $49.13M ÷ current market cap $457.55M = 10.7%
10.7%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2025-12-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.
For information (AAOIFI 3/1 note): cash + receivables are 81.9% of total assets (2025-12-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
Halal stocks in the same industry
The largest halal stocks in Specialty Industrial Machinery — for comparison.
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.