Is Afyon Cimento Sanayi TAS halal to invest in?

According to Musaffa's Shariah screening methodology, Afyon Cimento Sanayi TAS (AFYON.E.IS) is currently classified as NOT HALAL as of August 2024. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Afyon Cimento Sanayi TAS a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Afyon Cimento Sanayi TAS using these criteria to determine its compliance status.

Can Muslims buy shares of Afyon Cimento Sanayi TAS?

Muslim investors may consider investing in Afyon Cimento Sanayi TAS if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Afyon Cimento Sanayi TAS classified as NOT HALAL?

Musaffa determines the Shariah status of Afyon Cimento Sanayi TAS by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Afyon Cimento Sanayi TAS updated?

The Shariah compliance status of Afyon Cimento Sanayi TAS may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Afyon Cimento Sanayi TAS become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Afyon Cimento Sanayi TAS?

You can check the latest Shariah compliance status of Afyon Cimento Sanayi TAS on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

AFYON.E.IS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: August 02, 2024

Report Source: 2024 1st Quarter Report

Afyon Cimento Sanayi TAS. Stock Analysis AFYON.E.IS

Turkey Industrials Micro Cap Report: Q1, 2024

Afyon Çimento Sanayii TAS engages in the production and sales of cement. The Company’s gray, white and sulphate resisting cements are offered for sale in 32.5 and 42.5 class bulk and bags of 50 kg and 25 kg. The company has an annual clinker production capacity of 548,000 tons, annual grinding capacity of 783,000 tons and annual cement production capacity of 650,000 tons. The Company’s production is carried out in four cement plants and grinding center in Istanbul, Ambarli. Afyon Cimento Sanayi TAS is a subsidiary of Italian Italcementi Group and managed by Ciments Francais's representative firm in Turkey, Set Group Holding A.S.

Key Statistics of Afyon Cimento Sanayi TAS (AFYON.E.IS)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

TRY13.19TRY13.44

Today's Open

TRY13.44

Volume

1.50M

P/E Ratio (TTM)

22.29

52 Week Range

TRY11.70TRY18.25

Market Cap

5.38B

Avg. Volume

3.41M

Dividend Yield

8.86%

Financial Metrics & Statements of Afyon Cimento Sanayi TAS (AFYON.E.IS)

FAQ's for Afyon Cimento Sanayi TAS (AFYON.E.IS)

According to Musaffa’s Shariah screening methodology, Afyon Cimento Sanayi TAS (AFYON.E.IS) is currently classified as NOT HALAL as of August 2024. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.