Is GGT halal?
Gabelli Multi-Media Trust, Inc.
Not halal
Gabelli Multi-Media Trust, Inc. did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NYSE
Price
3.76
Day
-2.59%
Market cap
$187.3M
Industry
Asset Management
Sector
Financial Services
What the company does
Gabelli Multi-Media Trust is NOT an operating company but a closed-end fund that invests in media, telecom and entertainment stocks. Its income is dividends and share-price gains.
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
Prohibited activity: Asset Management
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $5K ÷ 36-month average market cap $164.77M = 0.0%
0.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $214.78M ÷ 36-month average market cap $164.77M = 130.3%
130.3%
Fail
Non-compliant income / total revenue
limit 5%
Interest income $454K ÷ annual revenue $43.32M (2025) = 1.1%
1.1%
Pass
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. Today's market cap: $187.27M.
For information (AAOIFI 3/1 note): cash + receivables are 0.5% 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.
Note: the screener found the latest filing to be stale — the verdict rests on old data.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
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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.