Is TAV Airports (TAVHL) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 2.0% / 30% | 0.5% / 30% | 0.1% / 30% | 2.91% / 5% | ✓ HALAL |
| DJIM | 2.0% / 33% | 0.5% / 33% | 0.1% / 33% | 2.91% / 5% | ✓ HALAL |
| MSCI | 41.7% / 33% | 9.5% / 33% | 2.7% / 33% | 2.91% / 5% | ✗ NOT HALAL |
| S&P | 2.0% / 33% | 0.5% / 33% | 0.1% / 33% | 2.91% / 5% | ✓ HALAL |
| FTSE | 41.7% / 33% | 9.5% / 33% | 2.7% / 50% | 2.91% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 40.0% | |
| Operating Margin | 28.1% | |
| Net Margin | 3.4% | |
| Return on Equity (ROE) | 5.1% | |
| Return on Assets (ROA) | 4.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $347M |
| Free Cash Flow | $133M |
| Total Debt | $2.1B |
| Debt-to-Equity | 111.8 |
| Current Ratio | 0.8 |
| Total Assets | $5.0B |
Price & Trading
| Last Close | TRY 294.50 |
| 50-Day MA | TRY 323.05 |
| 200-Day MA | TRY 278.22 |
| Avg Volume | 2.7M |
| Beta | 0.1 |
|
52-Week Range
TRY 212.80
| |
About TAV Airports (TAVHL)
TAV Havalimanlari Holding A.S., together with its subsidiaries, constructs terminal buildings, and manages and operates terminals or airports in Turkey, Georgia, Kazakhstan, Macedonia, Tunisia, Croatia, Oman, Latvia, Spain, Qatar, Saudi Arabia, and internationally. It operates through Terminal Operations, Catering Operations, Duty Free Operations, Ground Handling and Bus Operations, and Other segments. The Terminal Operations segment engages in the operation of terminal buildings, car parks, general aviation terminals, and parking-apron-taxi way, as well as ground handling operations. Its Catering Operations segment manages food and beverage operations of the terminal for passengers and the terminal personnel. The Duty Free Operations segment sells duty free goods for the international arriving and departing passengers. Its Ground Handling and Bus Operations segment is involved in the provision of traffic, ramp, flight operations, cargo, and other ground handling services for domestic and international flights, as well as the operation of buses. The Other segment provides lounge, IT, security and education, and airline taxi services, as well as software and system services. The company was formerly known as Tepe Akfen Vie Yatirim Yapim ve Isletme A.S. and changed its name to TAV Havalimanlari Holding A.S. in August 2006. TAV Havalimanlari Holding A.S. was founded in 1997 and is based in Istanbul, Turkey.
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 TAV Airports (TAVHL) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), TAV Airports 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 TAV Airports's debt ratio?
TAV Airports's debt ratio is 2.0% 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 41.7%.
Does TAV Airports require dividend purification?
Yes, TAV Airports 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 TAV Airports's key financial metrics?
TAV Airports has a market capitalization of $106.4B, trailing P/E ratio of 40.8, and revenue of $1.8B. The company maintains a gross margin of 40.0% and a net margin of 3.4%. Return on equity stands at 5.1%.
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.