D-Market Elektronik Hizmetler ve Ticaret A.S.

HEPS: Is D-Market Elektronik Hizmetler ve Ticaret A.S. Halal?

D-Market Elektronik Hizmetler ve Ticaret A.S.

NASDAQConsumer CyclicalTR

$2.96

-0.34%

Market Cap: 939.0M

Compliance Status

Not Halal

Screened on Jul 14, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) halal? Not Halal. Based on AAOIFI screening, D-Market Elektronik Hizmetler ve Ticaret A.S. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

258.3% of 30.0% limit

What this means for you

Most scholars advise not holding HEPS

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About D-Market Elektronik Hizmetler ve Ticaret A.S.

D-Market Elektronik Hizmetler ve Ticaret A.S., founded in 2000 and headquartered in Istanbul, Turkey, is a prominent enterprise focused on managing a diverse portfolio of e-commerce platforms throughout Turkey. The company's flagship online retail destination, www.hepsiburada.com, offers an extensive selection of products to its customers. This includes a wide array of electronic devices alongside various non-electronic merchandise such as books, sporting goods, toys, baby and children's essentials, cosmetics, and home furniture. Complementing its core retail operations, D-Market has developed a comprehensive suite of specialized services. These encompass HepsiExpress, an in-app on-demand delivery platform for items like groceries, beverages, and flowers; HepsiJet, which handles final-mile parcel deliveries; HepsiLojistik, providing warehousing and order fulfillment solutions; HepsiMat, a network of designated points for package collection and drop-off; HepsiAd, offering advertising services and leveraging data analytics for insights; HepsiGlobal, enabling consumers to explore and purchase goods from international sellers; Hepsipay, a digital payment and e-money service; and HepsiFly, facilitating online airline ticket bookings.

Sector: Consumer Cyclical · Industry: Specialty Retail

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 14, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Consumer Cyclical

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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Frequently Asked Questions

Is D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) halal to invest in?
D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did D-Market Elektronik Hizmetler ve Ticaret A.S. get a F compliance rating?
D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 258.3% (limit 30%); interest-bearing deposits of 1418.9% (limit 30%); prohibited income of 4.89% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change D-Market Elektronik Hizmetler ve Ticaret A.S.'s Shariah verdict?
D-Market Elektronik Hizmetler ve Ticaret A.S.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is D-Market Elektronik Hizmetler ve Ticaret A.S. re-screened for Shariah compliance?
D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jul 14, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.