Is ASELSAN (ASELS.IS) stock halal to invest in?

According to AAOIFI Shariah screening standards, ASELSAN (ASELS.IS) is currently classified as Questionable. This is based on both business activity and financial ratio screening.

Does ASELSAN have any interest income?

ASELSAN's interest income ratio is 3.7% of total revenue. AAOIFI standards require this to be below 30%.

What guidelines are used to determine if ASELS.IS stock is Shariah-compliant?

ASELS.IS 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 ASELSAN stock reviewed for Shariah compliance?

ASELSAN'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.

How can I stay updated on ASELSAN's compliance status?

You can save ASELS.IS to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.

Are dividends from ASELSAN stock considered halal?

Dividends from ASELSAN require purification. Approximately 2.91% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.

Do I need to pay Zakat on my ASELSAN shares?

Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.

Is ASELSAN (ASELS.IS) Stock Halal or Haram?

ASELSAN (ASELS.IS) - Questionable

ASELSAN (ASELS.IS) is classified as Questionable 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: Industrials
Industry: Aerospace & Defense
Result: Doubtful
Reason: This company requires further review: the industry "Aerospace & Defense" has mixed revenue streams that require further analysis; description mentions: military. The sector "Industrials" is not categorically excluded, but deeper analysis is recommended.

Financial Ratios

Debt Ratio: Value: 6.9% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio: Value: 3.7% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio: Value: 2.9% | Threshold: 5% | Result: Pass

Dividend Purification

Purification percentage: 2.91%.Based on the company's financial statements, approximately 2.91% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.91% of total income). Some scholars may differ on the exact calculation method.

About ASELSAN

ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi engages in research, development, engineering, production, testing, assembly, integration, sale, support, consultancy, and trading of software, equipment, systems, tools, materials, and platforms in turkey. It operates in six divisions: Communication and Information Technologies; Microelectronics, Guidance & Electro-Optics; Avionics and Guidance Systems Vice Presidency; Integrated Defence Systems Technologies; Radar and Electronic Warfare Systems; and Transportation, Security, Energy, Automation and Healthcare Systems. The company offers military communication and information, mission critical communication, avionics and navigation, electro-optic, guidance and seeker, land and weapon, naval and underwater, air and missile, transportation and energy, and security and health systems; satellite and space technologies; radar technologies; electronic warfare system technologies; and command, control, communication and computer systems. It also provides geographic information system; business development and repair services; and consultancy services, as well as operates in the fields of augmented reality, artificial intelligence, simulation software, research, development, and design and engineering. In addition, the company is involved in serial production, maintenance and repair activities of visible precision optical and electro optical devices; designing of electronic industry and integrated circuit; marketing and business development business; research, designing, development, and engineering activities of weapons and weapons systems; after-sales services of electronic components within the field of military power electronics; and commercial and industrial activities related to electromechanical industrial products and slip ring. The company was incorporated in 1975 and is headquartered in Ankara, Turkey. ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi is a subsidiary of Turkish Armed Forces Foundation.

Business Activity

Warn

IndustrialsAerospace & Defense

This company requires further review: the industry "Aerospace & Defense" has mixed revenue streams that require further analysis; description mentions: military. The sector "Industrials" is not categorically excluded, but deeper analysis is recommended.

Business-activity data: inferred from the company description (lower confidence). How coverage works

Defence / weapons revenue detected (source: industry classification, Aerospace & Defense).

AAOIFI Shari'ah Standard No. 21 does not list weapons or defence by name. It caps income from prohibited activities at 5% of total income (clause 3/4/4). Mizaan flags defence revenue for your information.

Scholars differ on investing in defence companies. How standards treat defence

Financial Ratios

Pass

Debt Ratio6.9% / 30%

Cash & Interest-bearing Securities Ratio3.7% / 30%

Non-Permissible Income Ratio2.9% / 5%

Denominator: Market Capitalization

Dividend Purification

2.91%

Based on the company's financial statements, approximately 2.91% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.91% of total income). Some scholars may differ on the exact calculation method.

Uses quarterly data

About ASELSAN

TurkeyBISTIndustrials

Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.

Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.

Verdict history

Free with an account.

No verdict changes recorded since first screened on May 26, 2026. We started recording changes on Oct 19, 2026.

Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.

Get More on the Mizaan App

Live charts, market cap, financials, AI business analysis, portfolio tracking, and compliance alerts — all on your phone.

Frequently Asked Questions

Screen Another Stock

Check if any stock or ETF is Shariah-compliant

View Portfolio

Monitor compliance across all your holdings

Screening

What Makes a Stock Halal?

Understand the business activity and financial ratio criteria used to screen stocks for Shariah compliance.

Purification

Dividend Purification Explained

Learn how to calculate and donate the non-permissible portion of your dividend income.

Salaam

ASELSAN

Business Activity

Financial Ratios

Dividend Purification

About ASELSAN

Verdict history

Get More on the Mizaan App

Frequently Asked Questions

Related Stocks

Screen Another Stock

View Portfolio

Related Articles

What Makes a Stock Halal?

Dividend Purification Explained

Frequently Asked Questions