Global Education Communities Corp

GEC.TO

Not Compliant
Exchange
Sector
Headquarters
Group
TSE
Academic & Educational Services
Canada
Micro Cap

Global Education Communities Corp is not Shariah Compliant because it fails the financial ratios.

7.76%

Impure Income*

$0.004

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
STRONG BUY
18.61%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
22.75%
-110.90%
0.35
0.35
87.86%

Shariah Compliance

  • Updated on September 22, 2026
Debt
100%
✗
Non-Compliant Assets
100%
✗
Impure Income
7.76%
✗

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
100%
✗
Impure Income
7.76%
✗

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
100%
✗
Impure Income
7.76%
✗

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
53.95%
✗
Cash
86.42%
✗
Cash & AR
89.55%
✗
Impure Income
7.76%
✗

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
53.95%
✗
Cash
86.42%
✗
Cash & AR
89.55%
✗
Impure Income
7.76%
✗

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
7.76%

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

Global Education Communities Corp is a Canada-based education and student housing investment company. The Company operates through four segments, which include Development and Construction, GEC Living, Education and Support Services, and Corporate. The Development and Construction segment focuses on developing a pipeline of GEC projects to reduce future asset acquisition costs. GEC Living segment operates a portfolio of corporate-owned and master-leased student housing properties. The Education and Support Services segment provide services to third-party clients, recruits students for GEC properties, identify institutional partners, and monitors global and domestic market intelligence within the education sector. The Corporate segment offers corporate finance, strategic planning, and liaising with institutional investors to fund expansion plans.

Ready to get started with halal investing? Open an Account Today!

Opening an account has never been easier! Please fill out the form here and an advisor will be in touch to walk you through the process!

Still have some further questions?

Schedule a Free Consultation