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Is Gulf Warehousing Company Q.P.S.C. (GWCS) halal?

Qatar Exchange (QSE) · Industrials — Freight & Logistics
Not compliant

Gulf Warehousing Company Q.P.S.C. is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 154.3% of market capitalisation (limit 30%); non-permissible (interest) income is 0.3% of revenue (limit 5%).

The AAOIFI financial screen

TestResultLimitStatus
Interest-bearing debt ÷ market capitalisation154.3%< 30%Over limit
Non-permissible income ÷ revenue0.3%< 5%Within limit

A ratio at or above 30% (debt) or 5% (income) fails. A debt ratio of 27–30% or an income ratio of 4–5% is marked "close to limit" and makes the company questionable.

About Gulf Warehousing Company Q.P.S.C.

Gulf Warehousing Company Q.P.S.C. operates as a logistics and supply chain management provider. The company's primary function is to offer comprehensive logistics services, including freight forwarding, warehousing, transportation, and supply chain solutions catering to both local and international markets. Gulf Warehousing Company plays a critical role in facilitating the efficient movement and storage of goods across various industries such as oil and gas, retail,…

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Frequently asked questions

Is Gulf Warehousing Company Q.P.S.C. (GWCS) halal?

Gulf Warehousing Company Q.P.S.C. is not compliant: its debt is over the AAOIFI limit. interest-bearing debt is 154.3% of market capitalisation (limit 30%); non-permissible (interest) income is 0.3% of revenue (limit 5%).

What makes a stock halal or haram?

Under AAOIFI Standard 21 a company must first have a permissible core business (no conventional banking or insurance, alcohol, tobacco, gambling or similar). Then interest-bearing debt must be under 30% of its market value and interest income under 5% of its revenue.

How much of Gulf Warehousing Company Q.P.S.C.'s dividends should be purified?

About 0.3% of each dividend, the share of the company's income that is not permissible. Donate that amount rather than keeping it.

How often is this updated?

Prices refresh daily and the ratios update when the company files new financial statements, usually every quarter. This page's data was last updated 2026-09-16.

Screened against AAOIFI Standard 21 using the company's latest reported financials (data updated 2026-09-16). This is an automated screen, not a fatwa; scholars differ on some thresholds. What each verdict means.