Is Arcelik (ARCLK) Halal?

IST Consumer Cyclical Turkey $72.5B
✗ NOT HALAL
Confidence: 90/100
Arcelik (ARCLK) is Not Halal under AAOIFI Standard 21. The company's debt ratio of 355.9% exceeds the 30% threshold, indicating excessive interest-bearing debt relative to market capitalization. Arcelik operates in the Consumer Cyclical sector.

Shariah Screening — 5 Standards

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI 355.9%
/ 30%
147.6%
/ 30%
175.9%
/ 30%
1.5%
/ 5%
✗ NOT HALAL
DJIM 355.9%
/ 33%
147.6%
/ 33%
175.9%
/ 33%
1.5%
/ 5%
✗ NOT HALAL
MSCI 43.4%
/ 33%
18.0%
/ 33%
21.5%
/ 33%
1.5%
/ 5%
✗ NOT HALAL
S&P 355.9%
/ 33%
147.6%
/ 33%
175.9%
/ 33%
1.5%
/ 5%
✗ NOT HALAL
FTSE 43.4%
/ 33%
18.0%
/ 33%
21.5%
/ 50%
1.5%
/ 5%
✗ NOT HALAL

Financial Highlights

EPS
$-13.74
P/B Ratio
1.0
EV/EBITDA
9.9
EV: $211.0B
Revenue
$523.9B
Growth: -9.2%
Beta
0.1
Low volatility
Current Ratio
1.0

Profitability

Gross Margin 28.8%
Operating Margin -1.4%
Net Margin -1.6%
Return on Equity (ROE) -11.3%
Return on Assets (ROA) 0.4%

Cash Flow & Balance Sheet

Operating Cash Flow$23.6B
Free Cash Flow$5.3B
Total Debt$235.9B
Debt-to-Equity310.8
Current Ratio1.0
Total Assets$543.5B

Price & Trading

Last CloseTRY 111.30
50-Day MATRY 116.98
200-Day MATRY 118.52
Avg Volume4.0M
Beta0.1
52-Week Range
TRY 99.65
TRY 147.50

About Arcelik (ARCLK)

CEO
Mr. Hakan Hamdi Bulgurlu
Employees
48,784
Sector
Consumer Cyclical
Industry
Furnishings, Fixtures & Appliances
Country
Turkey
Exchange
IST
Market Cap
$72.5B
Currency
TRY

Arçelik Anonim Sirketi, together with its subsidiaries, produces, markets, sells, after sales services, imports, and exports consumer durable goods and electronics in Turkey, Europe, the Asia Pacific, Africa, and internationally. It operates through White Goods, Consumer Electronics, and Other segments. It offers refrigerators, freezers, washing machines, dryers, dishwashers, ovens, microwave ovens, furnaces, hoods, mini-midi ovens, waring drawers, water dispensers, water purifiers, air conditioners, combi boilers, kettles, room heaters, fans, solar panels, inverters, sun junior energy storage system, solar UPS, folding solar panel, solar backpacks, vehicle charging devices, heat pumps, televisions, smartphones, laptop and tablets, POS cash register, portable sound system, brooms, cooking utensils, irons, hygiene products, hermetic compressors, and motor pumps. The company provides its products under the Altus, Arctic, Blomberg, Hitachi, Dawlance, Arçelik, Singer, Bauknecht, Ignis, Polar, Privileg, Beko, Defy, Indesit, Elektrabregenz, Flavel, Grundig, Hotpoint, Ariston, Leisure, and VoltasBeko brand names. Arçelik Anonim Sirketi was incorporated in 1955 and is based in Istanbul, Turkey.

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Frequently Asked Questions

Is Arcelik (ARCLK) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), Arcelik is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

What is Arcelik's debt ratio?

Arcelik's debt ratio is 355.9% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 43.4%.

What are Arcelik's key financial metrics?

Arcelik has a market capitalization of $72.5B, and revenue of $523.9B. The company maintains a gross margin of 28.8% and a net margin of -1.6%. Return on equity stands at -11.3%.

How often is the screening data updated?

Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.