Is GRMN halal?
Garmin Ltd.
Halal
Garmin Ltd. passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NYSE
Price
284.79
Day
-0.15%
Market cap
$53.63B
Industry
Scientific & Technical Instruments
Sector
Technology
What the company does
Garmin (Switzerland) makes GPS devices: sports watches (fitness — the largest unit), aircraft avionics, marine navigation and car navigators. Its money comes from device sales.
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 $177.96M ÷ 36-month average market cap $37.95B = 0.5%
0.5%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $4.37B ÷ 36-month average market cap $37.95B = 11.5%
11.5%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $128.87M ÷ annual revenue $7.25B (2025) = 1.8%
1.8%
Pass
Figures from the company's filings (2026-06-30), 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: $53.63B.
For information (AAOIFI 3/1 note): cash + receivables are 33.4% of total assets (2026-06-30). 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
- 0.07% weight · #233 of 503
- Among halal stocks
- 0.08% · #157 of 1454
- Held by funds
- SPUS 0.12% · HLAL 0.12%
- Dividend
- 1.57% · purify 1.8% · net 1.55%
Halal stocks in the same industry
The largest halal stocks in Scientific & Technical Instruments — 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.