Is Emlak Konut (EKGYO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 16.8% / 30% | 10.9% / 30% | 8.1% / 30% | 11.32% / 5% | ✗ NOT HALAL |
| DJIM | 16.8% / 33% | 10.9% / 33% | 8.1% / 33% | 11.32% / 5% | ✗ NOT HALAL |
| MSCI | 6.3% / 33% | 4.1% / 33% | 3.0% / 33% | 11.32% / 5% | ✗ NOT HALAL |
| S&P | 16.8% / 33% | 10.9% / 33% | 8.1% / 33% | 11.32% / 5% | ✗ NOT HALAL |
| FTSE | 6.3% / 33% | 4.1% / 33% | 3.0% / 50% | 11.32% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 25.6% | |
| Operating Margin | 34.8% | |
| Net Margin | 6.0% | |
| Return on Equity (ROE) | 5.3% | |
| Return on Assets (ROA) | 6.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$22.5B |
| Free Cash Flow | -$22.5B |
| Total Debt | $12.9B |
| Debt-to-Equity | 36.7 |
| Current Ratio | 1.9 |
| Total Assets | $204.9B |
Price & Trading
| Last Close | TRY 19.81 |
| 50-Day MA | TRY 23.00 |
| 200-Day MA | TRY 20.52 |
| Avg Volume | 158.9M |
| Beta | 0.7 |
|
52-Week Range
TRY 10.98
| |
About Emlak Konut (EKGYO)
In 1953, an understanding that would pioneer a country's urbanization efforts and raise people's quality of life came to life. The successful journey of Emlak Konut, a long-established brand in the construction sector, began. Establishing environmentally friendly, modern cities that would add comfort to human life was determined as the corporate vision. With this basic purpose, Emlak Konut became the architect of many innovative applications in its sector. Emlak Konut carried out projects that set an example and left a mark in the planned urbanization of our country. It built the most innovative cities of its time, large enough to give its name to the district it was located in. This stable growth brought with it a serious turning point and in 2002, Emlak Konut became a real estate investment partnership. This transformation was actually the harbinger of giant projects, groundbreaking initiatives and becoming a bigger company. With becoming a "Real Estate Investment Partnership", Emlak Konut was behind projects that resonated around the world in the field of design, included environmentally friendly technologies and added value to the city. Since 2003, it has tendered a total of 388 projects of various sizes, and as a result of the completion of these projects, it will have ensured the construction of 251,000 independent units. Emlak Konut went public twice with a breakthrough that would crown its rapid growth and carry its goals to broader horizons. The first offering in 2010 became one of the 5 largest public offerings in the history of the Republic. The secondary offering in 2013 was the largest public offering in the real estate sector in Europe in the last 5 years. Growing with the public offerings, Emlak Konut has further consolidated its place among the strongest companies in Turkey with its paid-in capital of 3.8 billion liras and total assets of 205 billion liras as of the end of 2024. Emlak Konut Gayrimenkul Yatirim Ortakligi A.S. was incorporated in 1953 in Turkey.
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Frequently Asked Questions
Is Emlak Konut (EKGYO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Emlak Konut 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 Emlak Konut's debt ratio?
Emlak Konut's debt ratio is 16.8% 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 6.3%.
What are Emlak Konut's key financial metrics?
Emlak Konut has a market capitalization of $70.5B, trailing P/E ratio of 10.3, and revenue of $31.9B. The company maintains a gross margin of 25.6% and a net margin of 6.0%. Return on equity stands at 5.3%.
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.