Is TURK HAVA YOLLARI (THYAO.IS) Stock Halal or Haram?
TURK HAVA YOLLARI (THYAO.IS) - Not Halal (Non-Compliant)
TURK HAVA YOLLARI (THYAO.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
Industrials
Industry
Airlines
Result
Pass
Reason
The sector "Industrials" and industry "Airlines" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 263.6% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio
Value: 87.0% | Threshold: 30% | Result: Fail
Non-Permissible Income Ratio
Value: 5.5% | Threshold: 5% | Result: Fail
Dividend Purification
Purification percentage: 5.48%.Based on the company's financial statements, approximately 5.48% of dividend income should be donated to charity for purification. This is derived from identified interest income (5.48% of total income). Some scholars may differ on the exact calculation method.
About TURK HAVA YOLLARI
Türk Hava Yollari Anonim Ortakligi provides air transport and aircraft technical maintenance services in Turkey and internationally. The company offers domestic and international passenger and cargo air transportation services; repair and maintenance; technical and infrastructure support services related to aviation sector; informatics and technology; cargo and courier transportation; support services; security services; payment systems; health services; management of various investment projects; cabin interior production; catering services; aviation ground handling services; aviation fuel services; It is also involved engine maintenance; and reverse thrust and engine nacelle services, as well as sports activities. The company was incorporated in 1933 and is headquartered in Istanbul, Turkey.
Frequently Asked Questions
Is TURK HAVA YOLLARI (THYAO.IS) stock halal to invest in?
According to AAOIFI Shariah screening standards, TURK HAVA YOLLARI (THYAO.IS) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Based on the company's financial statements, approximately 5.48% of dividend income should be donated to charity for purification. This is derived from identified interest income (5.48% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About TURK HAVA YOLLARI
Türk Hava Yollari Anonim Ortakligi provides air transport and aircraft technical maintenance services in Turkey and internationally. The company offers domestic and international passenger and cargo air transportation services; repair and maintenance; technical and infrastructure support services related to aviation sector; informatics and technology; cargo and courier transportation; support services; security services; payment systems; health services; management of various investment projects; cabin interior production; catering services; aviation ground handling services; aviation fuel services; It is also involved engine maintenance; and reverse thrust and engine nacelle services, as well as sports activities. The company was incorporated in 1933 and is headquartered in Istanbul, Turkey.
TurkeyBISTIndustrials
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
No verdict changes recorded since first screened on Mar 27, 2026. We started recording changes on Oct 19, 2026.
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
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Frequently Asked Questions
According to AAOIFI Shariah screening standards, TURK HAVA YOLLARI (THYAO.IS) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
TURK HAVA YOLLARI's interest income ratio is 87.0% of total revenue. AAOIFI standards require this to be below 30%.
THYAO.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.
TURK HAVA YOLLARI's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save THYAO.IS to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from TURK HAVA YOLLARI require purification. Approximately 5.48% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
TURK HAVA YOLLARI's interest income ratio is 87.0% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if THYAO.IS stock is Shariah-compliant?
THYAO.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.
How often is TURK HAVA YOLLARI stock reviewed for Shariah compliance?
TURK HAVA YOLLARI's compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on TURK HAVA YOLLARI's compliance status?
You can save THYAO.IS to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from TURK HAVA YOLLARI stock considered halal?
Dividends from TURK HAVA YOLLARI require purification. Approximately 5.48% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my TURK HAVA YOLLARI shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
