GM

GMG.AX

$26.75
Sharia status
NOT COMPLIANT
Per In-house ratio engine · assessed 2026-08-28
HTR non-permissible income 5.23%
🕌Open research, not a fatwa — verify with your own scholar.
Trade setup SEPARATE FROM SHARIAH
No trade setup shown — a stock that isn't cleanly Sharia-compliant never gets a bullish verdict here.

Goodman Group (GMG.AX) is currently considered not halal (non-compliant), per In-house ratio engine (last assessed 2026-08-28). See the full ratio breakdown and business-activity screen below for the reasoning.

⚠️ Financial ratios are only half the screen. A company whose core business is in an excluded sector — weapons/defense, alcohol, gambling, conventional (interest-based) finance, tobacco, pork, or adult entertainment — is non-compliant even if every debt and income ratio passes. So passing ratios below don't override this verdict; check the business-activity screen for the reason.

Market & analysts
Price target
$34.47
+28.9% · 14 analysts
Institutional own.
55.5%
of shares
NON-COMPLIANT
Sharia compliance
5.23%
Non-permissible income — HTR, from filings (2026-06-30)
$34.47
Price target (+28.9%) · 14 analysts
55.5%
Institutional ownership

🕌 In-house Compliance Research

Computed from Yahoo Finance fundamentals (Tier-4 provider, no filing available), balance sheet as of 2026-06-30. GMG.AX files no SEC reports, so these ratios come from the issuer's own published statements rather than XBRL.

Business activity: cleared (no excluded categories detected)

AAOIFI Fail

RatioValueThresholdResult
Interest-bearing debt 10.33% 30.00% Pass
Interest-bearing investments 6.85% 30.00% Pass
Non-permissible income 5.23% 5.00% Fail

Usmani Fail

RatioValueThresholdResult
Interest-bearing debt 18.40% 33.00% Pass
Interest-bearing investments 12.21% 33.00% Pass
Non-liquid assets 87.77% at least 20.00% Pass
Non-permissible income 5.23% 5.00% Fail

MSCI Fail

RatioValueThresholdResult
Interest-bearing debt 18.40% 33.33% Pass
Cash + interest-bearing securities 12.21% 33.33% Pass
Accounts receivable 12.23% 33.33% Pass
Non-permissible income 5.23% 5.00% Fail

FTSE Fail

RatioValueThresholdResult
Interest-bearing debt 18.40% 33.33% Pass
Cash + interest-bearing securities 12.21% 33.33% Pass
Accounts receivable 12.23% 50.00% Pass
Non-permissible income 5.23% 5.00% Fail

Dow Jones Islamic Market Fail

Scored against a trailing-average market cap (24-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 9.08% 33.00% Pass
Cash + interest-bearing securities 6.02% 33.00% Pass
Accounts receivable 0.01% 33.00% Pass
Non-permissible income 5.23% 5.00% Fail

S&P Shariah Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 9.56% 33.00% Pass
Cash + interest-bearing securities 6.34% 49.00% Pass
Accounts receivable 0.01% 49.00% Pass
Non-permissible income 5.23% 5.00% Fail

MSCI M-Series Fail

Scored against a trailing-average market cap (36-month), share-weighted by the issuer's own reported share counts — not today's market cap.

RatioValueThresholdResult
Interest-bearing debt 9.56% 33.33% Pass
Cash + interest-bearing securities 6.34% 33.33% Pass
Accounts receivable 6.35% 49.00% Pass
Non-permissible income 5.23% 5.00% Fail

Research only, not investment advice. Thresholds are each standard-setter's published limits; a ratio marked “at least” is a floor, not a ceiling.

34.1731.8629.5427.2224.902025-09-112026-03-122026-09-11

Pinch or scroll to zoom · drag to pan — both axes move · double-click to reset

Support & Resistance
S3
26.36
S2
26.52
S1
26.84
PIVOT
27.00
R1
27.32
R2
27.48
R3
27.80

Classic floor-trader pivots from the last completed daily bar. Highlighted pills are the levels bracketing the current price.

Price Forecast

7-day expected range
25.0732 29.7468
±8.53% from 27.41, made 2026-09-03 · resolves 2026-09-10
STRONG SELL
from 19 indicators
Not enough resolved predictions yet — 0 of 10 needed before we publish an accuracy figure. 21773 forecast(s) are currently open and will be scored automatically when their horizon expires.

The range is measured volatility (ATR over the horizon), not a target — a wider band means a more volatile asset, not a stronger view. The direction is the indicator tally above. Every forecast is recorded when made and scored against the real price when it comes due, including the wrong ones. Not a recommendation, and not a fatwa.

Technical Summary

STRONG SELL
19 indicators
OscillatorsSELL
2 buy · 2 neutral · 3 sell
Moving averagesSTRONG SELL
0 buy · 0 neutral · 12 sell
Every indicator, and what it reads
IndicatorValueSignal
RSI (14)35.10NEUTRAL
Stochastic %K (14)12.85BUY
CCI (20)-98.49NEUTRAL
Williams %R (14)-87.15BUY
MACD (12,26,9)-0.03SELL
ROC (10)-4.19SELL
Momentum (10)-1.17SELL
EMA (10)27.33SELL
SMA (10)27.26SELL
EMA (20)27.82SELL
SMA (20)27.87SELL
EMA (30)28.23SELL
SMA (30)28.59SELL
EMA (50)28.76SELL
SMA (50)28.99SELL
EMA (100)29.28SELL
SMA (100)29.90SELL
EMA (200)29.72SELL
SMA (200)29.40SELL

Standard indicator thresholds (RSI 30/70, Stochastic 20/80, CCI ±100, Williams %R −80/−20, MACD histogram sign, price vs. average) computed on daily bars. A summary of what common indicators say — not a recommendation, and not this site's own trading verdict.

About Goodman Group

Real Estate · REIT - Diversified

Goodman Group is a provider of essential infrastructure. It owns, develops and manages high quality, sustainable logistics properties and data centres in major global cities, that are critical to the digital economy. Goodman has operations in key consumer markets across Australia, New Zealand, Asia, Europe, the United Kingdom, and the Americas. Goodman Group, comprised of the stapled entities Goodman Limited, Goodman Industrial Trust and Goodman Logistics Limited, is the largest property group on the Australian Securities Exchange, a top 20 entity by market capitalisation, and one of the largest listed specialist investment managers of industrial property globally The Group's property portfolio includes logistics and distribution centres, warehouses, light industrial, multi-storey industrial, business parks and data centres. Goodman takes a long-term view, investing significantly alongside its capital partners in its investment management platform and concentrating the portfolio where it can create the most value for customers and investors. Goodman Group was established on 5th April 2002 and was incorporated in Australia.

goodman.com ↗

Background via Yahoo Finance — informational, not part of the verdict.

SMC — Top Down

Not enough price history yet for a smart-money structure read on any timeframe.

Momentum & Volume

Peer Movement

Peer movement computing — it will appear here on its own.

Insider Activity (90d)

NO DATA   0 buys · 0 sells

COT Positioning — E-MINI S&P 500 - CHICAGO MERCANTILE EXCHANGE

NEUTRAL   report date 2026-09-01 · Asset managers net 934180 (-19048)

AI Summary

Plain-language summary of the evidence already on this page — the Sharia screen, structure, momentum, and order flow above. It explains the read; it doesn't make the call. Generated on demand (a live AI call), never run automatically.

Tell us what's working, what's confusing, or what you want to see next — read by a real person, not a form that goes nowhere.