Gates Industrial Corporation PLC

GTES

Compliant
Exchange
Sector
Headquarters
Group
NYSE
Industrials
USA
Mid Cap

Gates Industrial Corporation PLC is Shariah Compliant. It passes 2/5 Shariah standards we screen against.

0.26%

Impure Income*

$0.009

Purification*

$0.129

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Mid Cap
BUY
$31.16
12
0.41%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
15.36%
8.05%
2.42
3.37
4.43%

Shariah Compliance

  • Updated on July 21, 2026
Debt
32.08%
✗
Non-Compliant Assets
0.02%
✓
Impure Income
0.26%
✓

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
45.37%
✗
Impure Income
0.26%
✓

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
39.95%
✗
Impure Income
0.26%
✓

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
31.32%
✓
Cash
11.05%
✓
Cash & AR
22.29%
✓
Impure Income
0.26%
✓

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
31.32%
✓
Cash
11.05%
✓
Cash & AR
22.29%
✓
Impure Income
0.26%
✓

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
0.26%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Gates Industrial Corporation plc is a manufacturer of engineered power transmission and fluid power solutions. The Company offers a portfolio of products to aftermarket channel customers, and to original equipment manufacturers (OEM) as specified components. Its products are used in applications across automotive aftermarkets, automotive OEM, diversified industrial, industrial off-highway, industrial on-highway, energy and resources, and personal mobility. Its segments include Power Transmission and Fluid Power. The Power Transmission segment includes elastomer drive belts and related components used to transfer power in a range of applications. The Fluid Power segment includes hoses, tubing and fittings designed to convey hydraulic fluid at high pressures in both mobile and stationary applications, and other high-pressure and fluid transfer hoses. It offers solutions across stationary hydraulics, mobile hydraulics, vehicle systems, and industrial applications.