Is Astra International (ASII.JK) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Astra International (ASII.JK) does not pass the AAOIFI Shari’ah Standard 21 screen. Interest-bearing debt is 51.8% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/2). Last checked 22 September 2026.
Astra International is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Pass |
| Interest-bearing debt | 30% | 51.76% | Fail |
| Cash and interest-bearing investments | 30% | 25.80% | Pass |
| Prohibited income | 5% | 1.13% | Pass |
| Not just cash and debts | 90% | 16.12% | Pass |
Key Findings & Observations
- Interest-bearing debt is 51.8% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/2).Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about PT Astra International Tbk (ASII.JK)
Is Astra International (ASII.JK) stock halal?▾
No. Astra International (ASII.JK) does not pass the AAOIFI Shari’ah Standard 21 screen. Interest-bearing debt is 51.8% of the company’s 36-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/2). Last checked 22 September 2026.
What is Astra International's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Astra International's ratio is about 51.8%.
How much dividend purification is required for Astra International (ASII.JK) stock?▾
Astra International does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Astra International operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Astra International's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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