Is GLAS halal?
Glass House Brands Inc. Subordi
Not halal
Glass House Brands Inc. Subordi did not pass AAOIFI screening. The failed check is shown below.
Checked: 16 October 2026
Exchange
NYSE
Price
3.19
Day
-14.02%
Market cap
$307.2M
Industry
Drug Manufacturers - Specialty & Generic
Sector
Healthcare
Manually identified reason
Automatic screening reads the industry label, not what's inside. This company's filings were checked by hand and a hidden prohibited activity was found:
Cannabis (Glass House — California grower; labeled 'Drug Manufacturers')
What the company does
Glass House Brands (Canada/California) is one of the largest greenhouse cannabis growers in California, selling wholesale and through its own brands/dispensaries. Its money comes from cannabis sales. The Yahoo label ('Drug Manufacturers') is misleading — this is a cannabis company.
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
Cannabis (Glass House — California grower; labeled 'Drug Manufacturers')
Interest-bearing debt / market cap
limit 30%
23.3%
Pass
Cash & investments / market cap
limit 30%
6.0%
Pass
Non-compliant income / total revenue
limit 5%
0.2%
Pass
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 Drug Manufacturers - Specialty & Generic — for comparison.
Related articles
- Halal investingBlogHaram revenue you can't see from the industry label: pork, weapons, casinosPork hides under "Packaged Foods", weapons under "Aerospace & Defense". What automated screening misses and how we catch it by hand.
- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
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.