Is Aselsan (ASELS) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 2.8% / 30% | 1.9% / 30% | 2.6% / 30% | 2.91% / 5% | ✓ HALAL |
| DJIM | 2.8% / 33% | 1.9% / 33% | 2.6% / 33% | 2.91% / 5% | ✓ HALAL |
| MSCI | 10.0% / 33% | 6.7% / 33% | 9.0% / 33% | 2.91% / 5% | ✓ HALAL |
| S&P | 2.8% / 33% | 1.9% / 33% | 2.6% / 33% | 2.91% / 5% | ✓ HALAL |
| FTSE | 10.0% / 33% | 6.7% / 33% | 9.0% / 50% | 2.91% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 31.8% | |
| Operating Margin | 23.9% | |
| Net Margin | 16.6% | |
| Return on Equity (ROE) | 13.7% | |
| Return on Assets (ROA) | 6.9% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $48.9B |
| Free Cash Flow | $10.7B |
| Total Debt | $43.1B |
| Debt-to-Equity | 17.1 |
| Current Ratio | 1.4 |
| Total Assets | $431.6B |
Price & Trading
| Last Close | TRY 338.00 |
| 50-Day MA | TRY 316.90 |
| 200-Day MA | TRY 224.00 |
| Avg Volume | 44.7M |
| Beta | 0.9 |
|
52-Week Range
TRY 113.50
| |
About Aselsan (ASELS)
ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi engages in research, development, engineering, production, testing, assembly, integration, sale, support, consultancy, and trading of software, equipment, systems, tools, materials, and platforms in turkey. It operates in six divisions: Communication and Information Technologies; Microelectronics, Guidance & Electro-Optics; Avionics and Guidance Systems Vice Presidency; Integrated Defence Systems Technologies; Radar and Electronic Warfare Systems; and Transportation, Security, Energy, Automation and Healthcare Systems. The company offers military communication and information, mission critical communication, avionics and navigation, electro-optic, guidance and seeker, land and weapon, naval and underwater, air and missile, transportation and energy, and security and health systems; satellite and space technologies; radar technologies; electronic warfare system technologies; and command, control, communication and computer systems. It also provides geographic information system; business development and repair services; and consultancy services, as well as operates in the fields of augmented reality, artificial intelligence, simulation software, research, development, and design and engineering. In addition, the company is involved in serial production, maintenance and repair activities of visible precision optical and electro optical devices; designing of electronic industry and integrated circuit; marketing and business development business; research, designing, development, and engineering activities of weapons and weapons systems; after-sales services of electronic components within the field of military power electronics; and commercial and industrial activities related to electromechanical industrial products and slip ring. The company was incorporated in 1975 and is headquartered in Ankara, Turkey. ASELSAN Elektronik Sanayi ve Ticaret Anonim Sirketi is a subsidiary of Turkish Armed Forces Foundation.
Purification Calculator
As a halal stock with 2.91% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Aselsan (ASELS) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Aselsan is Halal. The company passes all financial ratio thresholds for debt, cash, receivables, and impermissible income. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Aselsan's debt ratio?
Aselsan's debt ratio is 2.8% 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 10.0%.
Does Aselsan require dividend purification?
Yes, Aselsan has an impermissible income ratio of 2.91%, which means 2.91% of any dividends received should be donated to charity as purification. This is because a small portion of the company's revenue comes from non-Shariah-compliant sources.
What are Aselsan's key financial metrics?
Aselsan has a market capitalization of $1.5T, trailing P/E ratio of 50.3, and revenue of $180.4B. The company maintains a gross margin of 31.8% and a net margin of 16.6%. Return on equity stands at 13.7%.
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.