GRAINTURK HOLDING (GRTHO.IS) - Halal (Shariah-Compliant)
GRAINTURK HOLDING (GRTHO.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
- Consumer Defensive
- Industry
- Farm Products
- Result
- Pass
- Reason
- The sector "Consumer Defensive" and industry "Farm Products" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 2.3% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 5.1% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 1.8% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.79%.Based on the company's financial statements, approximately 1.79% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.79% of total income). Some scholars may differ on the exact calculation method.
About GRAINTURK HOLDING
GRAINTURK Holding A.S. operates in the field of agricultural commodity trade on national and international platforms. It is involved in the trading of wheat, corn, cotton, barely, sunflower seeds, soybeans, wheat bran, sunflower meals, soybean meals, cotton meals, sunflower oils, and soybean oils. The company was founded in 2014 and is based in Besiktas, Turkey.
Frequently Asked Questions
Is GRAINTURK HOLDING (GRTHO.IS) stock halal to invest in?
According to AAOIFI Shariah screening standards, GRAINTURK HOLDING (GRTHO.IS) is currently classified as Halal (Shariah-Compliant). This is based on both business activity and financial ratio screening.
Does GRAINTURK HOLDING have any interest income?
GRAINTURK HOLDING's interest income ratio is 5.1% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if GRTHO.IS stock is Shariah-compliant?
GRTHO.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.

