GARANTI BANKASI (GARAN.IS) - Not Halal (Non-Compliant)
GARANTI BANKASI (GARAN.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
- Financial Services
- Industry
- Banks - Regional
- Result
- Pass
- Reason
- The sector "Financial Services" and industry "Banks - Regional" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 91.0% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 213.6% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 127.3% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 100.00%.Based on the company's financial statements, approximately 100.00% of dividend income should be donated to charity for purification. This is derived from identified interest income (127.27% of total income). Some scholars may differ on the exact calculation method.
About GARANTI BANKASI
Turkiye Garanti Bankasi A.S. provides various banking products and services in Turkey. It offers current, savings, time deposit, e-savings, YUVAM, NET, ELMA, overdraft, and gold accounts; SME general purpose, auto, mortgage, commercial, foreign currency spot, installment loans, and project loans, as well as IBOR reforms and foreign trade financing; investment funds, stocks, derivatives, Garanti BBVA e-trader platform, time barred deposit and investment lists, and derivative instruments; credit and debit cards, BonusFlas, and POS and e-commerce products; and insurance and pension products. The company also provides payment systems and services; private banking services; banking services for salary payments/entrepreneurship and women entrepreneurs; leasing fleet factoring services; investment banking and financing services; mobile and internet banking services; and ATM and cash management services. The company was founded in 1946 and is headquartered in Istanbul, Turkey. Turkiye Garanti Bankasi A.S. is a subsidiary of Banco Bilbao Vizcaya Argentaria, S.A.

