EREGLI DEMIR CELIK (EREGL.IS) - Not Halal (Non-Compliant)
EREGLI DEMIR CELIK (EREGL.IS) 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
- Basic Materials
- Industry
- Steel
- Result
- Pass
- Reason
- The sector "Basic Materials" and industry "Steel" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 100.6% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 75.9% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 3.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 2.95%.Based on the company's financial statements, approximately 2.95% of dividend income should be donated to charity for purification. This is derived from identified interest income (2.95% of total income). Some scholars may differ on the exact calculation method.
About EREGLI DEMIR CELIK
Eregli Demir ve Çelik Fabrikalari T.A.S., together with its subsidiaries, produces and sells iron and steel rolled products, alloyed and non-alloyed iron, cast and pressed steel, coke, and by-products in Turkey and internationally. The company offers flat steel products, including hot and cold rolled flat steel, plate, tin, chrome, and galvanized coated sheets. It also engages in the production of integrated and electrical steel; renewable energy generation; industrial gas production and sale; pellets; iron and magnesite ores; refractory; trading; recycling; and special purpose business. In addition, the company offers after-sales, laboratory and calibration, steel service center, and port services; and management and consulting services. Further, it exports its products. The company serves the automotive, white goods, tube mills, rolling mills, general manufacturing, electric&electronics, machinery, energy, heating equipment, shipbuilding, defense, packaging, and renewable energy industries. Eregli Demir ve Çelik Fabrikalari T.A.S. was founded in 1960 and is headquartered in Istanbul, Turkey.

