The Short Answer
Gates Industrial stock (GTES) is generally halal at the known-screen level, with a methodology-dependent status. Industrial belts, hoses and fluid-power components are generally permissible. Debt is close to the boundary, and the planned July 2026 redomiciliation should be monitored.
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-28; calculated 2026-07-15.
2,228.5 / 7,115
785.3 / 7,115
1,584.9 / 7,115
2.2 / 851.1
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 31.32%, liquidity/assets is 11.04%, receivables plus cash/assets is 22.28% and interest income/revenue is 0.26%; known financial ratios pass, but activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known debt, liquidity and receivables-plus-cash ratios pass the examined total-assets limits; activity classification remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Known financial ratios pass the examined limits; this is not an official SAC classification and activity evidence remains incomplete.
- Financial
- Not calculated
- Overall
- Incomplete
A licensed historical market-cap series is not stored and qualitative activity treatment remains incomplete.
Business-activity disclosure
Gates makes power-transmission belts, fluid-power hoses and related components for industrial, automotive and mobility markets. Industrial component manufacturing is generally permissible, while customer end uses and the planned redomiciliation remain qualitative context.
Limitation: The filing does not quantify a universal prohibited-activity numerator for all customer end uses or contracts.
Purification
Gates discloses $2.2 million of interest income, or 0.26% of quarterly net sales, but no scholar-approved fixed purification percentage is inferred.
Inputs, assumptions and primary sources
- Amounts are USD millions from Gates Industrial's March 28, 2026 Form 10-Q.
- Debt combines $30.9 million of current debt and $2,197.6 million of long-term debt; lease liabilities are excluded.
- Cash and cash equivalents are $785.3 million; no separate interest-bearing securities balance is identified.
- Trade accounts receivable, net are $799.6 million and quarterly net sales are $851.1 million.
- The filing reports $2.2 million of interest income on bank deposits; the company's 2026 redomiciliation does not change this period's filing.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
What Gates Industrial Does
Gates makes power-transmission belts, fluid-power hoses and related components for industrial, automotive, personal-mobility and aftermarket customers. Manufacturing these components is generally permissible, while customer end uses remain qualitative.
Current Quantitative Screen
The March 28, 2026 Form 10-Q reports $7,115.0 million of assets, $2,228.5 million of tracked interest-bearing debt, $785.3 million of cash and $799.6 million of trade receivables.
- Debt/assets: 31.32% — below but close to the examined limits.
- Liquidity/assets: 11.04%.
- Receivables plus cash/assets: 22.28%.
- Interest income/revenue: 0.26% from $2.2 million of disclosed interest income.
Known financial ratios pass the tracked asset-based methods; this is not an official certification.
Purification and Qualitative Review
The interest-income ratio is below the examined FTSE income limit, but no fixed purification percentage is inferred. The planned redomiciliation changes future corporate filing context but does not change this period's ratios.
Bottom Line
GTES is generally halal at the known-screen level, with a methodology-dependent status. Re-screen after the redomiciliation or a newer filing.