Is L1 Global Long Short Fund Ltd halal to invest in?

As of October 2026, L1 Global Long Short Fund Ltd GLS.AX is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is L1 Global Long Short Fund Ltd a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes L1 Global Long Short Fund Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of L1 Global Long Short Fund Ltd?

Muslim investors may consider investing in L1 Global Long Short Fund Ltd if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is L1 Global Long Short Fund Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of L1 Global Long Short Fund Ltd by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for L1 Global Long Short Fund Ltd updated?

The Shariah compliance status of L1 Global Long Short Fund Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like L1 Global Long Short Fund Ltd become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of L1 Global Long Short Fund Ltd?

You can check the latest Shariah compliance status of L1 Global Long Short Fund Ltd on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

Is L1 Global Long Short Fund Ltd Stock Halal?

Shariah Compliance Analysis of GLS.AX Stock

Australia N/A Small Cap

No. As of October 2026, L1 Global Long Short Fund Ltd (GLS.AX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. L1 Global Long Short Fund Ltd does not pass Musaffa's business and financial screening criteria.

L1 Global Long Short Fund Ltd is a AU-based company operating in industry. The company is headquartered in Melbourne, Victoria. L1 Global Long Short Fund Limited, formerly Platinum Capital Limited, is an Australia-based company. The Company’s global long short strategy involves an actively managed global portfolio focused on long and short positions in equities. Its portfolio aims to generate positive absolute returns while preserving capital over the long term. The firm may take short positions in securities it believes are overvalued, of low quality, or excessively leveraged. Additionally, derivatives may be used to hedge market exposure, enhance returns, and manage downside risk. Long and short positions, as well as derivatives, may be employed to capitalize on perceived market mispricing. The Company’s global long short strategy does not require there to be a minimum or a maximum number of securities within the portfolio as the opportunities at any given time will depend on market conditions. L1 Capital Pty Ltd is the investment manager of the Company.

L1 Global Long Short Fund Ltd GLS.AX

AUD1.89

Last Updated: Oct 09, 12:00 AM·ASX

Pricing for AU stocks is delayed by 24 hours

GLS.AX Shariah Compliance

Screening Methodology: AAOIFI

As of October 2026, L1 Global Long Short Fund Ltd is classified as not halal.

NOT HALAL

L1 Global Long Short Fund Ltd (GLS.AX) Chart

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Financial Metrics & Statements of L1 Global Long Short Fund Ltd (GLS.AX)

FAQ's for L1 Global Long Short Fund Ltd (GLS.AX)

As of October 2026, L1 Global Long Short Fund Ltd GLS.AX is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes L1 Global Long Short Fund Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in L1 Global Long Short Fund Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of L1 Global Long Short Fund Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of L1 Global Long Short Fund Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of L1 Global Long Short Fund Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.