What is D-Market Elektronik Hizmetler ve Ticaret A.S.'s Shariah compliance score?

D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does D-Market Elektronik Hizmetler ve Ticaret A.S. pass AAOIFI screening?

D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HEPS's debt-to-market-cap is 4.9%.

How much purification is needed for D-Market Elektronik Hizmetler ve Ticaret A.S.?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the percentage and amount for D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) using the latest financial data.

Where can I screen D-Market Elektronik Hizmetler ve Ticaret A.S. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

HEPSNot HalalF

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Compliance Status

Not Halal

Screened on Oct 16, 2026 · AAOIFI Standard 21

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).

Quote this verdict

HalalScreener rates D-Market Elektronik Hizmetler ve Ticaret A.S. (HEPS) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 16, 2026. Source: https://halalscreener.app/en/stock/HEPS

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

4.9% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

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

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

D-Market Elektronik Hizmetler ve Ticaret A.S.

NASDAQConsumer CyclicalTR

$2.71

Market Cap: 968.1M

Screened on a market cap of 48.3B

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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

Why this does not pass

Income from prohibited sources was over the 5% limit and has not yet cleared it by our clearing margin, so the verdict is held.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 16, 2026

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Institutional-grade Shariah analysis

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See why HEPS is rated Not Halal with institutional-grade analysis

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halalnow
since Aug 2026
Under Review
until the change above
Not Halal
until the change above

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

Fiscal: Q2 2026Data 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:

0380.KLA+

Aquawalk Group Berhad

$0.14

+0.04%

0393.KLA+

Teamstar Berhad

$0.23

+0.00%

3573.KLA+

Lien Hoe Corporation Berhad

$0.10

+0.00%

3891.KLA+

Malayan United Industries Berhad

$0.04

+0.00%

5336.KLA+

CUCKOO International (MAL) Berhad

$0.35

-0.01%

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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 4.9% (limit 30%). 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: Oct 16, 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.