TKCORP. (023160.KQ) - Not Halal (Non-Compliant)
TKCORP. (023160.KQ) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Industry
- Result
- Pass
- Reason
- The sector "" and industry "" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 0.9% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 50.7% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 1.2% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.24%.Based on the company's financial statements, approximately 1.24% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.24% of total income). Some scholars may differ on the exact calculation method.
Frequently Asked Questions
Is TKCORP. (023160.KQ) stock halal to invest in?
According to AAOIFI Shariah screening standards, TKCORP. (023160.KQ) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does TKCORP. have any interest income?
TKCORP.'s interest income ratio is 50.7% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if 023160.KQ stock is Shariah-compliant?
023160.KQ is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.
How often is TKCORP. stock reviewed for Shariah compliance?
TKCORP.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.

