Global Payments Inc

GPN

Not Compliant
Exchange
Sector
Headquarters
Group
NYSE
Industrials
USA
Large Cap

Global Payments Inc is not Shariah Compliant because of its involvement in Financial Transactions Processing, Reserve, and Clearinghouse Activities and related activities.

1.12%

Impure Income*

$0.141

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Large Cap
HOLD
$93.49
36
63.14%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
28.67%
14.65%
0.00
1.69
12.90%

Shariah Compliance

Debt
100%
Non-Compliant Assets
4.49%
Impure Income
1.12%

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
93.5%
Impure Income
1.12%

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
1.12%

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
36.69%
Cash
10.41%
Cash & AR
13.06%
Impure Income
1.12%

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
36.69%
Cash
10.41%
Cash & AR
13.06%
Impure Income
1.12%

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
1.12%

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 Payments Inc. is a payment technology and software company that powers commerce for businesses of all sizes worldwide. Through its Merchant Solutions segment, the Company provides payments technology and software solutions globally to primarily small- and-medium sized businesses and select mid-market and enterprise customers. Its payment technology solutions are similar around the world in that it enables its customers to accept card, check and digital-based payments. Its comprehensive offerings include authorization, settlement and funding services, customer support, chargeback resolution, reconciliation and dispute management services, terminal rental, sales and deployment, payment security services, consolidated billing and reporting. In addition, it offers an array of business management software solutions that streamline business operations to customers in numerous vertical markets. It operates across more than 175 countries.