Is Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS halal to invest in?

According to Musaffa's Shariah screening methodology, Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS (GOLTS.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 Goltas Goller Bolgesi Cimento Sanayi ve Ticaret 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 Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS using these criteria to determine its compliance status.

Can Muslims buy shares of Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS?

Muslim investors may consider investing in Goltas Goller Bolgesi Cimento Sanayi ve Ticaret 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 Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS classified as NOT HALAL?

Musaffa determines the Shariah status of Goltas Goller Bolgesi Cimento Sanayi ve Ticaret 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 Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS updated?

The Shariah compliance status of Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Where can I check the Shariah status of Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS?

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

GOLTS.E.IS Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: August 01, 2024

Report Source: 2024 1st Quarter Report

Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS. Stock Analysis GOLTS.E.IS

Q: Can a halal stock like Goltas Goller Bolgesi Cimento Sanayi ve Ticaret 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.

Turkey Industrials Micro Cap Report: Q1, 2024

Göltas Göller Bölgesi Çimento Sanayi ve Ticaret AS engages in the provision of cement and clinker. The Company’s product portfolio comprises CEM I Portland cement, consisting of limestone, marl, iron ore and bauxide; CEM II A cement, which increases workability of mortar and concrete; Portland composite cement, which is primarily composed of tras; Portland cement clinker, which is a hydraulic material composed of clinker phases and other compounds, and SRC, a type of Portland cement containing a high content of iron oxide. The firm has such subsidiaries, as Goltas Hazir Beton A.S. and Goltas Enerji A.S., as well as such affiliates, as Orma A.S., Elmasu A.S., Elmatas A.S. and Goldag Limited Sirketi.

Key Statistics of Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS (GOLTS.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

TRY365.00TRY380.75

Today's Open

TRY380.75

Volume

139.18K

P/E Ratio (TTM)

11.22

52 Week Range

TRY302.50TRY405.75

Market Cap

6.62B

Avg. Volume

125.65K

Dividend Yield

3.69%

Financial Metrics & Statements of Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS (GOLTS.E.IS)

FAQ's for Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS (GOLTS.E.IS)

According to Musaffa’s Shariah screening methodology, Goltas Goller Bolgesi Cimento Sanayi ve Ticaret AS (GOLTS.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.