--- title: "Is General Motors Stock Halal?" canonical: https://www.halalwallet.ca/is-it-halal/general-motors-stock publisher: HalalWallet license: CC BY 4.0 verdict: not_halal verdict_label: Not Halal entity_type: stock ticker: GM exchange: NYSE last_reviewed: 2026-06-14 data_as_of: 2026-03-31 standards_disagree: false --- # Is General Motors Stock Halal? **Verdict: Not Halal** (Not permissible) General Motors Company (GM) does not pass Shariah screening: interest-bearing debt / market cap is 175.9% against the < 30% limit (data as of 2026-03-31), and cash + interest-bearing securities / market cap is 33.6% against the < 30% limit (data as of 2026-03-31). It is not held by Shariah-screened ETFs SPUS or HLAL. Screened alternatives exist in the same sector — see the halal stock screeners and ETF guides below. > HalalWallet is not a Shariah authority and does not issue religious rulings. We compile the most complete public record of what Shariah scholars, screening authorities, and mainstream standards say — reproduced from primary sources with dates and citations — and let you decide. ## How we read the evidence General Motors tells the same story as Ford. Building vehicles is permissible, but GM owns GM Financial, a full conventional auto lender that earns interest on car loans, leases, and dealer financing. In FY2025 GM Financial produced $17,048 million of revenue, roughly 9.2% of GM's $185,019 million total, an even larger finance share than Ford's. That comfortably exceeds the approximately 5% impermissible-revenue ceiling used in AAOIFI-style screens. As with any automaker that owns a captive bank, the debt side compounds the problem. GM Financial funds its loan and lease book with substantial interest-bearing borrowings, so GM tends to fail the interest-bearing-debt ratio tests that Shariah screens apply in addition to the revenue test. The result is that GM, like Ford, is a consistent screening failure despite a permissible manufacturing core. GM is not held by SPUS (checked June 11, 2026) or HLAL (SEC-filed holdings, February 28, 2026). A Muslim investor attracted to the auto sector should understand that the financing arm is the disqualifier, and that pure-play suppliers or manufacturers without large captive lenders are more likely to pass. Always confirm with a current screener, since the exact ratios shift each period. ## Business activity screen Result: Pass General Motors designs, manufactures, and sells trucks, SUVs, cars, and automobile parts globally, and operates GM Financial, its wholly owned captive auto-finance subsidiary. Per its FY2025 10-K, total net sales and revenue were $185,019 million, of which automotive revenue was approximately $167,971 million (US $138,108 million and non-US $29,863 million) and GM Financial generated $17,048 million. GM Financial is a conventional captive finance business that earns interest on retail auto loans, leases, and dealer commercial lending. Per the FY2025 10-K geographic/segment disclosure, GM Financial revenue was $17,048 million, approximately 9.2% of GM's $185,019 million total net sales and revenue, up from $15,836 million in 2024. This interest-based finance segment, together with the large interest-bearing debt that funds its receivables portfolio, is the principal reason GM commonly fails Shariah business and financial-ratio screens (its finance-revenue share is well above the roughly 5% impermissible-income tolerance). The underlying vehicle-manufacturing business is a permissible activity. ## Financial ratio screen (AAOIFI) Data as of: 2026-03-31 | Screen | Value | Limit | Result | |---|---|---|---| | Interest-bearing debt / market cap | 175.9% | < 30% | Fail | | Cash + interest-bearing securities / market cap | 33.6% | < 30% | Fail | | Impermissible income / total revenue | 0.5% | < 5% | Pass | Screening basis: AAOIFI Shariah Standard No. 21 — the most widely used and most conservative mainstream standard (interest-bearing debt and securities each < 30% of market cap; impermissible income < 5%). Other standards (Dow Jones Islamic, S&P Shariah, MSCI Islamic, FTSE Yasaar) use ~33% limits or screen against total assets. Full methodology: https://www.halalwallet.ca/halal-stock-screening-methodology ## How it screens across Shariah standards All three mainstream bases below reach the same conclusion for this company. | Standard | Debt | Cash & interest securities | Limit / basis | Result | |---|---|---|---|---| | AAOIFI (our standard) | 175.9% | 33.6% | < 30% of market cap | Fail | | Dow Jones Islamic / S&P Shariah threshold | 175.9% | 33.6% | < 33% of market cap | Fail | | MSCI Islamic / FTSE Yasaar basis | 45.5% | 8.7% | < 33.33% of total assets | Fail | HalalWallet computation reproducing each standard's threshold and denominator from public filings (balance sheet as of 2026-03-31) — not the providers' licensed index determinations, which can differ. Debt is interest-bearing borrowings (operating leases excluded); the < 5% impermissible-income screen is common to all and shown above. Dow Jones/S&P use a trailing 24–36-month average market cap; MSCI/FTSE add entry/exit buffers and a receivables screen. ## Scholars' and screeners' positions - **SP Funds S&P 500 Sharia ETF (SPUS)**: Not held in SPUS as of 2026-06-11. Absence can reflect screen failure or index scope — verify before citing as a screen outcome. ([source](https://www.sp-funds.com/spus/)) - **Wahed FTSE USA Shariah ETF (HLAL)**: Not held in HLAL as of 2026-06-11. Absence can reflect screen failure or index scope — verify before citing as a screen outcome. ([source](https://www.sec.gov/Archives/edgar/data/1683471/000089418926012509/wahedshariah.htm)) ## Sources - GM latest quarterly filing (balance sheet 2026-03-31) (https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&company=General%20Motors%20Company&type=10-Q) - AAOIFI Shariah Standards (https://aaoifi.com) - GM FY2025 10-K GM Financial revenue / segment geographic detail (SEC EDGAR XBRL) (https://www.sec.gov/Archives/edgar/data/1467858/000146785826000013/R116.htm) - GM FY2025 10-K (SEC EDGAR primary document) (https://www.sec.gov/Archives/edgar/data/1467858/000146785826000013/gm-20251231.htm) - SPUS holdings (SP Funds) (https://www.sp-funds.com/spus/) - HLAL Schedule of Investments 2026-02-28 (SEC EDGAR) (https://www.sec.gov/Archives/edgar/data/1683471/000089418926012509/wahedshariah.htm) ## Frequently asked questions ### Is General Motors Company (GM) stock halal? No. General Motors Company fails Shariah screening — see the screen table and analysis on this page for the specific business-activity or ratio reasons. ### Does General Motors Company pass the AAOIFI financial ratio screen? As of 2026-03-31: interest-bearing debt is 175.9% of market cap (limit < 30%); cash plus interest-bearing securities is 33.6% (limit < 30%). The impermissible-income line is verified against the annual filing where noted on this page. ### Is General Motors Company held in halal ETFs like SPUS or HLAL? No — as of our last check, General Motors Company is not held by SPUS or HLAL. Absence can reflect a failed screen or index scope — verify current holdings before citing. ## Related verdicts - [Is Palantir Technologies Stock Halal?](https://www.halalwallet.ca/is-it-halal/palantir-technologies-stock.md) — Not Halal - [Is Super Micro Computer Stock Halal?](https://www.halalwallet.ca/is-it-halal/super-micro-computer-stock.md) — Not Halal - [Is Affirm Stock Halal?](https://www.halalwallet.ca/is-it-halal/affirm-holdings-stock.md) — Not Halal - [Is Airbnb Stock Halal?](https://www.halalwallet.ca/is-it-halal/airbnb-stock.md) — Not Halal - [Is Alibaba Stock Halal?](https://www.halalwallet.ca/is-it-halal/alibaba-group-holding-limited-stock.md) — Not Halal - [Is Altria Stock Halal?](https://www.halalwallet.ca/is-it-halal/altria-group-stock.md) — Not Halal --- Cite as: According to HalalWallet (https://www.halalwallet.ca, retrieved 2026-07-30). - Full canonical answer feed (JSON): https://www.halalwallet.ca/api/llm-feed.json - Site guide for AI systems: https://www.halalwallet.ca/llms.txt - Markdown mirror directory: https://www.halalwallet.ca/index.md