TUPRAS (TUPRS.IS) - Not Halal (Non-Compliant)
TUPRAS (TUPRS.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
- Energy
- Industry
- Oil & Gas Refining & Marketing
- Result
- Pass
- Reason
- The sector "Energy" and industry "Oil & Gas Refining & Marketing" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 19.2% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 48.0% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 3.8% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 3.79%.Based on the company's financial statements, approximately 3.79% of dividend income should be donated to charity for purification. This is derived from identified interest income (3.79% of total income). Some scholars may differ on the exact calculation method.
About TUPRAS
Türkiye Petrol Rafinerileri A.S., together with its subsidiaries, engages in the procurement and refining of crude oil, petroleum, and chemical products in Turkey and internationally. It operates through Refining and Electricity segments. The company is involved in purchasing, selling, importing, exporting, storing, and marketing petroleum products, liquid petroleum gas, and natural gas. Its products include liquid petroleum gases, fuel oils, gasoline, diesel, base oils, waxes, extracts, and bitumen and bitumen binders, as well as, white spirits, clarified oils, petroleum coke, and sulphur products. The company also engages in the transportation of crude oil and petroleum products; operation of factories and facilities in petrochemical and related industries; trading of crude oil and petroleum products; electricity and steam production and trade; air, sea, land, and rail transportation; mooring and tug services; ship chartering and freight trading activities; electric vehicle charging stations; real estate; and technology and venture investments. Türkiye Petrol Rafinerileri A.S. was incorporated in 1983 and is headquartered in Istanbul, Turkey.

