Is Enka Insaat (ENKAI) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 0.0% / 30% | 0.6% / 30% | 0.1% / 30% | 2.73% / 5% | ✓ HALAL |
| DJIM | 0.0% / 33% | 0.6% / 33% | 0.1% / 33% | 2.73% / 5% | ✓ HALAL |
| MSCI | 1.1% / 33% | 32.4% / 33% | 4.3% / 33% | 2.73% / 5% | ✓ HALAL |
| S&P | 0.0% / 33% | 0.6% / 33% | 0.1% / 33% | 2.73% / 5% | ✓ HALAL |
| FTSE | 1.1% / 33% | 32.4% / 33% | 4.3% / 50% | 2.73% / 5% | ✓ HALAL |
Financial Highlights
Profitability
| Gross Margin | 23.7% | |
| Operating Margin | 15.7% | |
| Net Margin | 23.1% | |
| Return on Equity (ROE) | 11.7% | |
| Return on Assets (ROA) | 4.2% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $26.6B |
| Free Cash Flow | $17.7B |
| Total Debt | $6.9B |
| Debt-to-Equity | 1.8 |
| Current Ratio | 3.8 |
| Total Assets | $493.1B |
Price & Trading
| Last Close | TRY 91.85 |
| 50-Day MA | TRY 94.17 |
| 200-Day MA | TRY 78.25 |
| Avg Volume | 11.9M |
| Beta | 0.4 |
|
52-Week Range
TRY 57.50
| |
About Enka Insaat (ENKAI)
Enka Insaat ve Sanayi A.S., together with its subsidiaries, engages in construction activities. The company operates through four segments: Construction; Rental Estate Leasing; Energy; and Trading. It is involved in thermal power plants and industrial construction projects that produce natural gas-fired electrical energy, and highway construction; trading activities; and investment and development of real estate properties, as well as construction and operation of shopping centers; and marketing and after-sales service of construction machinery, trucks, industrial products, and spare parts. The company also engages in manufacturing structural steel works and equipment installation; excavation activities, sliding formwork, drilling and soil investigations, and isolation works; and pile dwelling work, base and superstructure construction, organizing domestic and international congresses and seminars, and tour reservation and ticket sales. In addition, it is involved in material handling and storage systems, auxiliary facilities, water treatment and environmental engineering, infrastructure and construction, and control systems and instrumentation engineering business; ready-mixed concrete production; air transportation; production and selling of electricity; and rental activities. It operates in Turkey, Georgia, Turkmenistan, Kazakhstan, Kenya, Libya, Saudi Arabia, Sri Lanka, India, Iraq, Mongolia, Mexico, Brazil, Argentina, the Bahamas, the Puerto Rico, Netherlands, Switzerland, Greece, Germany, Serbia, Kosovo, the United Kingdom, Italy, North Macedonia, Bulgaria, and Europe. The company was founded in 1957 and is headquartered in Istanbul, Turkey.
Purification Calculator
As a halal stock with 2.73% impermissible income, you need to purify your dividends.
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Frequently Asked Questions
Is Enka Insaat (ENKAI) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Enka Insaat 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 Enka Insaat's debt ratio?
Enka Insaat's debt ratio is 0.0% 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 1.1%.
Does Enka Insaat require dividend purification?
Yes, Enka Insaat has an impermissible income ratio of 2.73%, which means 2.73% 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 Enka Insaat's key financial metrics?
Enka Insaat has a market capitalization of $542.0B, trailing P/E ratio of 15.0, and revenue of $156.5B. The company maintains a gross margin of 23.7% and a net margin of 23.1%. Return on equity stands at 11.7%.
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.