Is Halkbank (HALKB) Halal?

IST Financial Services Turkey $264.4B
✗ NOT HALAL
Confidence: 95/100
Halkbank (HALKB) is Not Halal under AAOIFI Standard 21 due to its classification in the Banks - Regional industry, which is excluded under Shariah screening. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

Shariah Screening — 5 Standards

Based on financial data from December 2025

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI Excluded — Banks - Regional ✗ NOT HALAL
DJIM Excluded — Banks - Regional ✗ NOT HALAL
MSCI Excluded — Banks - Regional ✗ NOT HALAL
S&P Excluded — Banks - Regional ✗ NOT HALAL
FTSE Excluded — Banks - Regional ✗ NOT HALAL

Financial Highlights

P/E Ratio
9.7
Forward: 8.3
EPS
$3.78
P/B Ratio
1.2
Revenue
$172.3B
Growth: 71.6%
Beta
0.5
Low volatility

Profitability

Gross Margin 0.0%
Operating Margin 34.2%
Net Margin 18.4%
Return on Equity (ROE) 14.7%
Return on Assets (ROA) 0.8%

Cash Flow & Balance Sheet

Operating Cash Flow$220.6B
Free Cash Flow$220.6B
Total Debt$481.6B
Total Assets$4.5T

Price & Trading

Last CloseTRY 36.66
50-Day MATRY 44.59
200-Day MATRY 33.16
Avg Volume68.8M
Beta0.5
52-Week Range
TRY 18.73
TRY 52.50

About Halkbank (HALKB)

CEO
Mr. Osman Arslan
Employees
22,575
Sector
Financial Services
Industry
Banks - Regional
Country
Turkey
Exchange
IST
Market Cap
$264.4B
Currency
TRY

Türkiye Halk Bankasi A.S., together with its subsidiaries, offers various banking products and services. The company provides deposit products, including e-deposits, deposit accounts with investment funds, child accounts, accumulated deposit accounts, producing deposit accounts, current TL accounts, time deposit TL/FX accounts, current FX accounts, gold deposit accounts, and safety deposit boxes. It also offers personal, auto, mortgage, and overdraft loans; letter of credit, commercial, and cash and non-cash loans; medium and long-term, and investment and project loans; loans from international financial institutions; and foreign trade loans. In addition, the company provides various cards and payment services; insurance products; derivative products; and investment products comprising investment funds, Fon24, domestic government bonds, bank bills and bonds, eurobonds, repos, forwards, options, swaps, and secured options, as well as cash management services. Further, it offers Internet, mobile, and SMS banking services. Additionally, the company is involved in investment in capital market instruments based on real estate, real estate projects, and rights based on real estate; financial leasing; factoring; financing; savings; financing and asset management; and capital markets activities. Türkiye Halk Bankasi A.S. operates domestic and foreign branches in Cyprus and Bahrain and representative offices in England and Iran. Türkiye Halk Bankasi A.S. was founded in 1933 and is headquartered in Istanbul, Turkey. Türkiye Halk Bankasi A.S. operates as a subsidiary of Turkey Wealth Fund.

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Frequently Asked Questions

Is Halkbank (HALKB) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), Halkbank 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 Halkbank's debt ratio?

Halkbank's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.

What are Halkbank's key financial metrics?

Halkbank has a market capitalization of $264.4B, trailing P/E ratio of 9.7, and revenue of $172.3B. Return on equity stands at 14.7%.

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.