KOTON MAGAZACILIK (KOTON.IS) - Not Halal (Non-Compliant)
KOTON MAGAZACILIK (KOTON.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
- Consumer Cyclical
- Industry
- Apparel Manufacturing
- Result
- Pass
- Reason
- The sector "Consumer Cyclical" and industry "Apparel Manufacturing" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 51.1% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 4.9% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.3% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.25%.Based on the company's financial statements, approximately 0.25% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.25% of total income). Some scholars may differ on the exact calculation method.
About KOTON MAGAZACILIK
Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. engages in the design, manufacture, and sale of textile products in Turkey and internationally. It offers dresses, sweatshirts, t-shirts, pants, skirts, shirts, blouses, crops, knitwear, cardigans, tank tops, shorts, vests, jackets, leggings, jeans, outerwear, joggers, trousers, sweatshirts, swimsuits, sweatbottoms, sweaters, underwear, boxers, swim trunks, jumpsuits, salopet and beanie products, bikini sets, coats, and cargo products; partywear, sportswear, and lingerie and loungewear products; and accessories, including bags, perfumes, hats, shawls, jewelry and straw products, necklaces, earrings, bracelets, rings, belts, pet clothes, purses, socks and pantyhose products, and hair accessories for women, men, kids, and infants. The coompany also provides license products. It sells its products through wholesale or in retail through its stores, such as franchise, department, corner, and other individual stores operated by franchise holders; and online. Koton Magazacilik Tekstil Sanayi ve Ticaret A.S. was founded in 1988 and is headquartered in Istanbul, Turkey.