Is Petkim (PETKM) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 95.1% / 30% | 18.5% / 30% | 18.0% / 30% | 0.92% / 5% | ✗ NOT HALAL |
| DJIM | 95.1% / 33% | 18.5% / 33% | 18.0% / 33% | 0.92% / 5% | ✗ NOT HALAL |
| MSCI | 35.6% / 33% | 6.9% / 33% | 6.7% / 33% | 0.92% / 5% | ✗ NOT HALAL |
| S&P | 95.1% / 33% | 18.5% / 33% | 18.0% / 33% | 0.92% / 5% | ✗ NOT HALAL |
| FTSE | 35.6% / 33% | 6.9% / 33% | 6.7% / 50% | 0.92% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | -3.5% | |
| Operating Margin | -20.1% | |
| Net Margin | -11.5% | |
| Return on Equity (ROE) | -14.6% | |
| Return on Assets (ROA) | -5.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$6.6B |
| Free Cash Flow | -$11.7B |
| Total Debt | $51.4B |
| Debt-to-Equity | 80.4 |
| Current Ratio | 0.6 |
| Total Assets | $151.3B |
Price & Trading
| Last Close | TRY 19.17 |
| 50-Day MA | TRY 18.49 |
| 200-Day MA | TRY 17.86 |
| Avg Volume | 75.5M |
| Beta | 0.3 |
|
52-Week Range
TRY 15.59
| |
About Petkim (PETKM)
Petkim Petrokimya Holding Anonim Sirketi operates as a petrochemical company in Turkey. It operates through the Petrochemical and Port segments. The company offers thermoplastics, such as low density polyethylene, high density polyethylene, polypropylene, masterbatches, and polyvinyl chloride; fiber raw materials, including acrylonitrile, mono-ethylene glycol, and pure terephthalic acid; aromatics, such as benzene, paraxylene, orthoxylene, and toluene; olefins comprising polymer and chemical purity propylene, and ethylene; and ACN, aromatic, LDPE, EO/EG, ethylene, chlor alkali, plastic processing, PA, PP, PTA, PVC, VCM, and HDPE plants products. Its products are used in plastics, chemicals, packaging, pipes, paints, construction, agriculture, automotive, electronics, textiles, pharmaceuticals, detergents, and cosmetics industries. The company was founded in 1965 and is based in Istanbul, Türkiye. Petkim Petrokimya Holding Anonim Sirketi is a subsidiary of Socar Turkey Petrokimya AS.
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Frequently Asked Questions
Is Petkim (PETKM) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Petkim 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 Petkim's debt ratio?
Petkim's debt ratio is 95.1% 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 35.6%.
What are Petkim's key financial metrics?
Petkim has a market capitalization of $48.7B, and revenue of $89.1B. The company maintains a gross margin of -3.5% and a net margin of -11.5%. Return on equity stands at -14.6%.
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.