Is Odas Elektrik Uretim Sanayi Ticaret AS halal to invest in?

According to Musaffa's Shariah screening methodology, Odas Elektrik Uretim Sanayi Ticaret AS (ODAS.E.IS) is currently classified as DOUBTFUL as of June 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 Odas Elektrik Uretim Sanayi 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 Odas Elektrik Uretim Sanayi Ticaret AS using these criteria to determine its compliance status.

Can Muslims buy shares of Odas Elektrik Uretim Sanayi Ticaret AS?

Muslim investors may consider investing in Odas Elektrik Uretim Sanayi 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 Odas Elektrik Uretim Sanayi Ticaret AS classified as DOUBTFUL?

Musaffa determines the Shariah status of Odas Elektrik Uretim Sanayi 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 Odas Elektrik Uretim Sanayi Ticaret AS updated?

The Shariah compliance status of Odas Elektrik Uretim Sanayi Ticaret AS may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Odas Elektrik Uretim Sanayi 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.

Where can I check the Shariah status of Odas Elektrik Uretim Sanayi Ticaret AS?

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

ODAS.E.IS Shariah Compliance

Screening Methodology: AAOIFI

DOUBTFUL

Last Updated: June 26, 2024

Report Source: 2023 Annual Report

Odas Elektrik Uretim Sanayi Ticaret AS. Stock Analysis ODAS.E.IS

Turkey Utilities Micro Cap Report: 2023 Annual

Odas Elektrik Uretim Sanayi Ticaret AS engages in the generation, distribution, and sales of electricity. The Company’s activities are divided into four segments: Energy Product, Energy Sale, Mine and Others. The Energy Product division is focused on generation of electricity, operating natural gas, coal and solar driven power plants in Turkey and Uzbekistan. The Energy Sale segment is comprised of electricity retail and natural gas wholesale. The Mine division is responsible for holding licenses for mine site operations, mining gold, silver, copper, coal and antimony. Mining activities also include the production of antimony trioxide. The Other segment comprises of hydroelectric and other renewable electric power generation projects. The firm owns a number of subsidiaries including Can2 Termik AS, Kucuk Enerji Uretim ve Ticaret Ltd Sti, Suda Maden AS and ODAS Dogalgaz Toptan Satis Sanayi ve Ticaret AS, among others.

Key Statistics of Odas Elektrik Uretim Sanayi Ticaret AS (ODAS.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

TRY7.51TRY7.76

Today's Open

TRY7.76

Volume

77.89M

P/E Ratio (TTM)

52 Week Range

TRY4.50TRY8.49

Market Cap

9.58B

Avg. Volume

102.74M

Dividend Yield

Financial Metrics & Statements of Odas Elektrik Uretim Sanayi Ticaret AS (ODAS.E.IS)

FAQ's for Odas Elektrik Uretim Sanayi Ticaret AS (ODAS.E.IS)

According to Musaffa’s Shariah screening methodology, Odas Elektrik Uretim Sanayi Ticaret AS (ODAS.E.IS) is currently classified as DOUBTFUL as of June 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.