Is Turk Prysmian Kablo ve Sistemleri AS halal to invest in?

According to Musaffa's Shariah screening methodology, Turk Prysmian Kablo ve Sistemleri AS (PRKAB.E.IS) is currently classified as DOUBTFUL 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 Turk Prysmian Kablo ve Sistemleri 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 Turk Prysmian Kablo ve Sistemleri AS using these criteria to determine its compliance status.

Can Muslims buy shares of Turk Prysmian Kablo ve Sistemleri AS?

Muslim investors may consider investing in Turk Prysmian Kablo ve Sistemleri 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 Turk Prysmian Kablo ve Sistemleri AS classified as DOUBTFUL?

Musaffa determines the Shariah status of Turk Prysmian Kablo ve Sistemleri 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 Turk Prysmian Kablo ve Sistemleri AS updated?

The Shariah compliance status of Turk Prysmian Kablo ve Sistemleri AS may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Turk Prysmian Kablo ve Sistemleri 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 Turk Prysmian Kablo ve Sistemleri AS?

You can check the latest Shariah compliance status of Turk Prysmian Kablo ve Sistemleri AS on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

PRKAB.E.IS Shariah Compliance

Screening Methodology: AAOIFI

DOUBTFUL

Last Updated: August 02, 2024

Report Source: 2024 1st Quarter Report

Turk Prysmian Kablo ve Sistemleri AS. Stock Analysis PRKAB.E.IS

Turkey Industrials Micro Cap Report: Q1, 2024

Turk Prysmian Kablo ve Sistemleri AS (Prysmian) is a Turkey-based manufacturer and supplier of energy and telecommunication cables, conductors, apparatus, and their spare parts and accessories. The Company produces electrical cables along with a range of accessories from extremely high to very low voltage, which are resistant to very high temperatures, fire, chemical agents and nuclear radiation for land, submarine, underground and overhead applications. It offers energy transmission and distribution cables, such as insulated wires and power cables, rubber insulated cables, elevator and airport runway cables for the utility and commercial building industries. Prysmian also produces optical fibers and telecommunication cables, including products, such as optical cables, sirocco blown fiber systems, copper cables, telephone and coaxial cables, and connectivity hardware. It is a subsidiary of Prysmian Cable Holding BV.

Key Statistics of Turk Prysmian Kablo ve Sistemleri AS (PRKAB.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

TRY44.42TRY50.80

Today's Open

TRY48.70

Volume

8.95M

P/E Ratio (TTM)

52 Week Range

TRY24.98TRY70.95

Market Cap

8.19B

Avg. Volume

2.34M

Dividend Yield

Financial Metrics & Statements of Turk Prysmian Kablo ve Sistemleri AS (PRKAB.E.IS)

FAQ's for Turk Prysmian Kablo ve Sistemleri AS (PRKAB.E.IS)

According to Musaffa’s Shariah screening methodology, Turk Prysmian Kablo ve Sistemleri AS (PRKAB.E.IS) is currently classified as DOUBTFUL 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.