Is Kardemir Karabük Demir Çelik Sanayi Ve Ticaret (KRDMD.IS) stock halal?
Screened against AAOIFI Shari’ah Standard 21
Yes. Kardemir Karabük Demir Çelik Sanayi Ve Ticaret (KRDMD.IS) passes the AAOIFI Shari’ah Standard 21 screen. Interest-bearing debt is 25.5% of its 36-month average market value (limit: under 30%), and prohibited income is 1.1% of revenue (limit: 5%). Last checked 30 September 2026.
Kardemir Karabük Demir Çelik Sanayi Ve Ticaret is 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% | 25.50% | Pass |
| Cash and interest-bearing investments | 30% | 8.62% | Pass |
| Prohibited income | 5% | 1.12% | Pass |
| Not just cash and debts | 90% | 8.47% | Pass |
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Frequently Asked Questions about Kardemir Karabük Demir Çelik Sanayi Ve Ticaret A.S. (KRDMD.IS)
Is Kardemir Karabük Demir Çelik Sanayi Ve Ticaret (KRDMD.IS) stock halal?▾
Yes. Kardemir Karabük Demir Çelik Sanayi Ve Ticaret (KRDMD.IS) passes the AAOIFI Shari’ah Standard 21 screen. Interest-bearing debt is 25.5% of its 36-month average market value (limit: under 30%), and prohibited income is 1.1% of revenue (limit: 5%). Last checked 30 September 2026.
What is Kardemir Karabük Demir Çelik Sanayi Ve Ticaret'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. Kardemir Karabük Demir Çelik Sanayi Ve Ticaret's ratio is about 25.5%.
How much dividend purification is required for Kardemir Karabük Demir Çelik Sanayi Ve Ticaret (KRDMD.IS) stock?▾
Under AAOIFI Shari’ah Standard 21, shareholders should give away the part of their income that comes from prohibited sources: TRY 0.6574 per share for the latest financial year. The amount goes to charity, without counting it as one's own donation.
Does Kardemir Karabük Demir Çelik Sanayi Ve Ticaret 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. Kardemir Karabük Demir Çelik Sanayi Ve Ticaret'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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