Is Turkish Airlines (THYAO) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 3.6% / 30% | 1.6% / 30% | 0.2% / 30% | 7.16% / 5% | ✗ NOT HALAL |
| DJIM | 3.6% / 33% | 1.6% / 33% | 0.2% / 33% | 7.16% / 5% | ✗ NOT HALAL |
| MSCI | 34.9% / 33% | 15.7% / 33% | 2.3% / 33% | 7.16% / 5% | ✗ NOT HALAL |
| S&P | 3.6% / 33% | 1.6% / 33% | 0.2% / 33% | 7.16% / 5% | ✗ NOT HALAL |
| FTSE | 34.9% / 33% | 15.7% / 33% | 2.3% / 50% | 7.16% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 16.2% | |
| Operating Margin | 6.3% | |
| Net Margin | 12.1% | |
| Return on Equity (ROE) | 14.3% | |
| Return on Assets (ROA) | 2.8% |
Cash Flow & Balance Sheet
| Operating Cash Flow | $4.3B |
| Free Cash Flow | $2.3B |
| Total Debt | $17.8B |
| Debt-to-Equity | 83.5 |
| Current Ratio | 1.0 |
| Total Assets | $46.6B |
Price & Trading
| Last Close | TRY 293.50 |
| 50-Day MA | TRY 305.17 |
| 200-Day MA | TRY 297.50 |
| Avg Volume | 53.4M |
| Beta | -0.0 |
|
52-Week Range
TRY 249.20
| |
About Turkish Airlines (THYAO)
Türk Hava Yollari Anonim Ortakligi provides air transport and aircraft technical maintenance services in Turkey and internationally. The company offers domestic and international passenger and cargo air transportation services; repair and maintenance; technical and infrastructure support services related to aviation sector; informatics and technology; cargo and courier transportation; support services; security services; payment systems; health services; management of various investment projects; cabin interior production; catering services; aviation ground handling services; aviation fuel services; It is also involved engine maintenance; and reverse thrust and engine nacelle services, as well as sports activities. The company was incorporated in 1933 and is headquartered in Istanbul, Turkey.
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Frequently Asked Questions
Is Turkish Airlines (THYAO) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Turkish Airlines 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 Turkish Airlines's debt ratio?
Turkish Airlines's debt ratio is 3.6% 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 34.9%.
What are Turkish Airlines's key financial metrics?
Turkish Airlines has a market capitalization of $403.9B, trailing P/E ratio of 312.8, and revenue of $24.1B. The company maintains a gross margin of 16.2% and a net margin of 12.1%. Return on equity stands at 14.3%.
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.