KOCAER CELIK (KCAER.IS) - Not Halal (Non-Compliant)
KOCAER CELIK (KCAER.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: 41.8% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 29.8% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.8% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.82%.Based on the company's financial statements, approximately 0.82% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.82% of total income). Some scholars may differ on the exact calculation method.
About KOCAER CELIK
Kocaer Celik Sanayi ve Ticaret Anonim Sirketi, together with its subsidiaries, engages in the production and sale of iron and steel products in Turkey and internationally. It offers merchant bars, such as equal angle, round, square, T, serrated flat, and flat bars; UB and UC universal beams and columns, W beam, IPE beams, HEA/HEB beams, and IPN profiles; PFC, C, UPN, UAC, CH, and UPE channels; and mining and tunneling steel profiles. The company also provides rasp bars, steel profiles for solar mounting and tracking systems, and underground fortification systems; and window sections. In addition, it is involved in domestic and international logistics activities; production of electricity and steam energy; and foreign trade services. The company serves structural steel, solar energy infrastructure, energy transmission line, mining, tunneling, transportation, machinery manufacturing, agriculture, shipbuilding, and defense industries. Kocaer Celik Sanayi ve Ticaret Anonim Sirketi was incorporated in 1984 and is based in Denizli, Turkey.
Frequently Asked Questions
Is KOCAER CELIK (KCAER.IS) stock halal to invest in?
According to AAOIFI Shariah screening standards, KOCAER CELIK (KCAER.IS) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.

