CAN2 TERMIK (CANTE.IS) is classified as Halal (Shariah-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
Utilities
Industry
Utilities - Independent Power Producers
Result
Pass
Reason
The sector "Utilities" and industry "Utilities - Independent Power Producers" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 2.7% | Threshold: 30% | Result: Pass
Cash & Interest-bearing Securities Ratio
Value: 13.2% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio
Value: 2.1% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 2.10%.Based on the company's financial statements, approximately 2.10% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.10% of total income). Some scholars may differ on the exact calculation method.
About CAN2 TERMIK
Çan2 Termik A.S., together with its subsidiaries, engages in the generation and sale of electricity in Turkey and Venezuela. The company operates a thermal power plant with an installed capacity of 340 MWm/330 MWe. It is also involved in the establishment, commissioning, and renting of coal-based electric energy production facility; purchase, sale, manufacturing, assembly, and import of natural stone and mineral ores in finished and semi-finished forms; oil extraction services; and investment activities. The company was founded in 2003 and is headquartered in Istanbul, Turkey.
Frequently Asked Questions
Is CAN2 TERMIK (CANTE.IS) stock halal to invest in?
According to AAOIFI Shariah screening standards, CAN2 TERMIK (CANTE.IS) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does CAN2 TERMIK have any interest income?
CAN2 TERMIK's interest income ratio is 13.2% of total revenue. AAOIFI standards require this to be below 30%.
Based on the company's financial statements, approximately 2.10% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.10% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About CAN2 TERMIK
Çan2 Termik A.S., together with its subsidiaries, engages in the generation and sale of electricity in Turkey and Venezuela. The company operates a thermal power plant with an installed capacity of 340 MWm/330 MWe. It is also involved in the establishment, commissioning, and renting of coal-based electric energy production facility; purchase, sale, manufacturing, assembly, and import of natural stone and mineral ores in finished and semi-finished forms; oil extraction services; and investment activities. The company was founded in 2003 and is headquartered in Istanbul, Turkey.
TurkeyBISTUtilities
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 Jun 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.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, CAN2 TERMIK (CANTE.IS) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
CAN2 TERMIK's interest income ratio is 13.2% of total revenue. AAOIFI standards require this to be below 30%.
CANTE.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.
CAN2 TERMIK'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.
You can save CANTE.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.
Dividends from CAN2 TERMIK require purification. Approximately 2.10% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
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.
What guidelines are used to determine if CANTE.IS stock is Shariah-compliant?
CANTE.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 CAN2 TERMIK stock reviewed for Shariah compliance?
CAN2 TERMIK'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 CAN2 TERMIK's compliance status?
You can save CANTE.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 CAN2 TERMIK stock considered halal?
Dividends from CAN2 TERMIK require purification. Approximately 2.10% 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 CAN2 TERMIK 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.
