Is Erciyas Celik Boru Sanayi AS halal to invest in?

According to Musaffa's Shariah screening methodology, Erciyas Celik Boru Sanayi AS (ERCB.E.IS) is currently classified as NOT HALAL as of March 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 Erciyas Celik Boru Sanayi AS 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 Erciyas Celik Boru Sanayi AS using these criteria to determine its compliance status.

Can Muslims buy shares of Erciyas Celik Boru Sanayi AS?

Muslim investors may consider investing in Erciyas Celik Boru Sanayi AS 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 Erciyas Celik Boru Sanayi AS classified as NOT HALAL?

Musaffa determines the Shariah status of Erciyas Celik Boru Sanayi AS 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 Erciyas Celik Boru Sanayi AS updated?

The Shariah compliance status of Erciyas Celik Boru Sanayi AS may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Erciyas Celik Boru Sanayi AS 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 Erciyas Celik Boru Sanayi AS?

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

ERCB.E.IS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 01, 2024

Report Source: 2023 3rd Quarter Report

Erciyas Celik Boru Sanayi AS. Stock Analysis ERCB.E.IS

Turkey Materials Micro Cap Report: Q3, 2023

Erciyas Çelik Boru Sanayi AS engages in the manufacturing of spiral-welded steel pipes. The company employs 421 full-time employees The company went IPO on 2022-01-13. Taking under consideration products various usage, the Company also involves in manufacturing respective additional protection from external factors, such as polypropylene, polyurethane and fusion bonded epoxy coverage. Entity engages in production of pipes suitable for drinking water, natural gas, petrochemical and oil purposes, piling pipes, steel structure pipes, general and special purpose pipes and additional parts. The firm continues its production in Duzce and Mersin production facilities and export its products to Morocco, Canada, Mexico, Algeria, Egypt, Australia, Montenegro, Hungary, Spain, Germany, Slovenia, Greece, Israel, England, France, Netherlands, Italy, Romania, Georgia and Denmark.

Key Statistics of Erciyas Celik Boru Sanayi AS (ERCB.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

TRY58.15TRY59.65

Today's Open

TRY59.05

Volume

871.33K

P/E Ratio (TTM)

162.08

52 Week Range

TRY47.04TRY105.00

Market Cap

4.48B

Avg. Volume

1.26M

Dividend Yield

Financial Metrics & Statements of Erciyas Celik Boru Sanayi AS (ERCB.E.IS)

FAQ's for Erciyas Celik Boru Sanayi AS (ERCB.E.IS)

According to Musaffa’s Shariah screening methodology, Erciyas Celik Boru Sanayi AS (ERCB.E.IS) is currently classified as NOT HALAL as of March 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.