Canadian Halal Investor.

NYSE Shariah screener · October 2026

Is General Motors Company (GM) Halal?

FAIL

General Motors Company · NYSE: GM · Consumer Discretionary

The short answer

No - General Motors Company (GM) fails this Shariah stock screen, driven by the debt gate. GM is a Detroit-based automaker (Buick, Cadillac, Chevrolet, GMC) whose Q2 2026 earnings release (July 21, 2026) reports two businesses: Automotive ($83,111M six-month revenue) and GM Financial, a captive auto-finance lender ($8,543M six-month revenue, about 9% of total). At June 30, 2026, total interest-bearing debt was about $127,697M - GM Financial ($36,498M short-term + $75,220M long-term = $111,718M) plus automotive ($514M short-term + $15,465M long-term = $15,979M). Against a market cap of about $70.76B (Finnhub, October 2, 2026), that is about 180.5% of market cap - far above the ~33% ceiling, so Gate 2 fails. Gate 1: the core auto business is permissible manufacturing, but GM Financial is an interest-based lending segment with $3,972M of finance charge income in the six months ended June 30, 2026 (about 4.33% of total revenue, below the 5% non-compliant-income ceiling, so Gate 3 passes on the numbers). Third-party screens agree with the fail: Zoya flags GM as not Shariah-compliant, and Musaffa classifies it NOT HALAL (October 2026, AAOIFI methodology); ShariaPortfolio has no public GM stock page. This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

Gate 1 — Business activity: FAIL

General Motors Company (NYSE: GM), founded in 1908 and headquartered in Detroit, Michigan (Chair and CEO Mary Barra), is an automaker selling vehicles under the Buick, Cadillac, Chevrolet, and GMC brands (gasoline-powered vehicles and EVs). Per its Q2 2026 earnings release (July 21, 2026, Form 8-K; combining financial statements), the company reports two businesses: Automotive (Q2 2026 revenue $43,762M; six-month revenue $83,111M) and GM Financial, a captive auto-finance company providing retail/lease lending and leasing (Q2 2026 revenue $4,267M; six-month revenue $8,543M, about 9% of total revenue). Business-screen implication (factual): the core automotive business is permissible manufacturing; however, GM Financial is an interest-based lending segment - its six-month finance charge income was $3,972M, i.e. interest charged on auto loans. The segment also holds about half the company's assets ($136,939M of $282,742M at June 30, 2026). This material interest-based lending activity is a disclosed divergence on the business gate; combined with the debt-gate failure, the overall result is FAIL. Facts only.

Gate 2 — Debt and cash: FAIL

Per GM's Q2 2026 earnings release (July 21, 2026, Form 8-K; combining balance sheet information; $ millions; unaudited), at June 30, 2026 interest-bearing debt was: GM Financial - short-term debt $36,498M plus long-term debt $75,220M = $111,718M; Automotive - short-term debt (combined) $514M plus long-term debt $15,465M = $15,979M. Total interest-bearing debt = about $127,697M (about $127.7B). Against a market cap of about $70.76B (Finnhub, October 2, 2026; $79.31 per share, NYSE-listed), total debt / market cap is about 180.5% - far above the ~33% ceiling. Method note: the screen applies to total interest-bearing debt (the standard for companies with captive finance arms); automotive-only debt of ~$15,979M would be ~22.6% of market cap, but excluding the lender's borrowings is not the standard treatment - Zoya and Musaffa both flag GM as non-compliant on their own assessments. Automotive cash and cash equivalents were $15,147M plus marketable debt securities $4,503M (about $19,650M combined, ~27.8% of market cap). Gate 2 fails. Facts only.

Gate 3 — Non-compliant income: PASS

Per GM's Q2 2026 earnings release (July 21, 2026, Form 8-K; combining income statement information; $ millions; unaudited), the consolidated income statement does not have a standalone interest-income line - it reports 'Interest income and other non-operating income, net' of $530M for the six months ended June 30, 2026 ($223M for Q2 2026). The identifiable interest-based non-compliant income is GM Financial's finance charge income: $3,972M for the six months ended June 30, 2026 ($2,006M for Q2 2026), against total net sales and revenue of $91,650M ($48,026M for Q2 2026) - about 4.33% of revenue, below the 5% non-compliant income ceiling. Zoya independently records GM's FY2025 (10-K) interest income as $854,000,000 on revenue of $185,019,000,000 - about 0.46%. Gate 3 passes on the numbers, but the stock fails the overall screen on the debt gate (180.5% of market cap vs the ~33% ceiling). Facts only - no interest-income figure is asserted beyond what the filings disclose.

Key figures used

Frequently asked questions

What does General Motors do?

General Motors Company (NYSE: GM), founded in 1908 and headquartered in Detroit, Michigan (Chair and CEO Mary Barra), is an automaker selling vehicles under the Buick, Cadillac, Chevrolet, and GMC brands (gasoline vehicles and EVs). Per its Q2 2026 earnings release (July 21, 2026, Form 8-K with combining financial statements), the company reports two businesses: Automotive (Q2 2026 revenue $43,762M; six-month revenue $83,111M) and GM Financial, a captive auto-finance company providing retail/lease loans and leasing (Q2 2026 revenue $4,267M; six-month revenue $8,543M, about 9% of total revenue). GM Financial is an interest-based lending business: its six-month finance charge income was $3,972M. GM's common stock trades on the New York Stock Exchange (ticker GM). No delisting.

Why does General Motors fail this Shariah stock screen?

No - General Motors fails this Shariah stock screen at Gate 2 (debt). The company carries very large interest-bearing debt, almost entirely at its lending segment: at June 30, 2026, GM Financial debt was $111,718M (short-term $36,498M plus long-term $75,220M) and automotive debt was $15,979M (short-term combined $514M plus long-term $15,465M), for total interest-bearing debt of about $127,697M (about $127.7B). Against a market capitalization of about $70.76B (Finnhub, October 2, 2026), total debt / market cap is about 180.5% - far above the ~33% ceiling. Gate 1: the core automotive business is permissible manufacturing, but GM Financial is an interest-based lending segment contributing about 9% of revenue (finance charge income $3,972M in the six months ended June 30, 2026). Gate 3: interest-based non-compliant income (GM Financial finance charge income) is about 4.33% of total revenue - below the 5% ceiling, but the screen fails on debt. Third-party screens agree: Zoya flags GM as not Shariah-compliant and Musaffa classifies it NOT HALAL (October 2026). This is a factual screen, not a religious ruling - consult a qualified scholar for personal rulings.

What is General Motors' interest-bearing debt ratio?

Per GM's Q2 2026 earnings release (July 21, 2026, Form 8-K; combining balance sheet information; $ millions; unaudited), at June 30, 2026 interest-bearing debt was: GM Financial - short-term debt $36,498M plus long-term debt $75,220M = $111,718M; Automotive - short-term debt (combined) $514M plus long-term debt $15,465M = $15,979M. Total interest-bearing debt = about $127,697M (about $127.7B). Against a market cap of about $70.76B (Finnhub, October 2, 2026; $79.31 per share), total debt / market cap is about 180.5% - above the ~33% ceiling. Automotive-only debt of about $15,979M would be about 22.6% of market cap, but the standard screen applies to total interest-bearing debt, which includes the captive lender's borrowings; Zoya and Musaffa both flag GM as non-compliant on their own assessments. Automotive cash and cash equivalents were $15,147M plus marketable debt securities $4,503M (about $19,650M combined, about 27.8% of market cap). Gate 2 fails. Facts only.

How much interest income does General Motors earn?

Per GM's Q2 2026 earnings release (July 21, 2026, Form 8-K; combining income statement information; $ millions; unaudited), the consolidated income statement does not have a standalone interest-income line - it shows 'Interest income and other non-operating income, net' of $530M for the six months ended June 30, 2026 ($223M for Q2 2026). The identifiable interest-based non-compliant income is GM Financial's finance charge income: $3,972M for the six months ended June 30, 2026 ($2,006M for Q2 2026), against total net sales and revenue of $91,650M ($48,026M for Q2 2026) - about 4.33% of revenue, below the 5% non-compliant income ceiling. Zoya independently records GM's FY2025 (10-K) interest income as $854,000,000 on revenue of $185,019,000,000 - about 0.46%. So Gate 3 passes on the numbers, but the stock fails the overall screen on the debt gate. Facts only.

Do Zoya, Musaffa, or ShariaPortfolio cover General Motors?

Zoya covers GM at zoya.finance/stocks/gm: GM is flagged as not Shariah-compliant and therefore not considered halal to invest in, based on GM's most recent financial reports; Zoya's data fields cite the FY2025 annual report (year ended December 31, 2025) with revenue of $185,019,000,000 and interest income of $854,000,000 (0.46% of the combined total). Musaffa covers GM at musaffa.com/stock/GM/: 'As of October 2026, General Motors Co GM is classified as not halal' (AAOIFI methodology) - NOT HALAL. ShariaPortfolio: no public GM stock page found in web searches - honestly reported as no coverage found, not invented. Note: Zoya's public FAQ page for GM renders some garbled contradictory fragments, but its rating text clearly states 'not Shariah-compliant.'

Sources

Screened 2026-10-02 from published company figures and market data. Figures change; this page is educational, not financial advice and not a religious ruling.

Screened with our two-gate Shariah screening methodology (business-activity gate, then AAOIFI-style financial ratios).