TKCNot HalalF
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Compliance Status

Not Halal

Screened on Oct 8, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Turkcell Iletisim Hizmetleri A.S. (TKC) halal? Not Halal. Based on AAOIFI screening, Turkcell Iletisim Hizmetleri A.S. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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HalalScreener rates Turkcell Iletisim Hizmetleri A.S. (TKC) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/TKC

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%.

96.9% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding TKC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Turkcell Iletisim Hizmetleri A.S.

TKC: Is Turkcell Iletisim Hizmetleri A.S. Halal?

Turkcell Iletisim Hizmetleri A.S.

NYSECommunication ServicesTR

$4.93

-1.00%

Market Cap: 4.3B

Screened on a market cap of 219.6B

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About Turkcell Iletisim Hizmetleri A.S.

Turkcell Iletisim Hizmetleri A.S. operates as a leading provider of various digital services, extending its reach across Turkey, Ukraine, Belarus, Northern Cyprus, Germany, and the Netherlands. The company's diverse operations are managed through three primary divisions: Turkcell Turkey, Turkcell International, and Techfin. Its offerings for corporate clients include a comprehensive suite of business communication solutions, such as mobile connectivity, fixed-line internet for enterprises, business phone systems, and specialized customer loyalty programs. Additionally, Turkcell delivers an extensive range of digital business services, ensuring reliable network access, robust cybersecurity measures, advanced data center capabilities, Internet of Things (IoT) applications, big data analytics, e-transformation tools, various technological innovations, managed IT services, and cloud computing solutions. The company also supplies an array of devices, hardware, software, and tailored financing options. For individual consumers, Turkcell presents a myriad of digital services, from search functionalities and billing/top-up facilities to a broad spectrum of information, entertainment, and application-based platforms. These include TV+, which allows subscribers to access series and other television content on demand; fizy, its dedicated digital music platform; Magazine Holder, a service for digital magazines and newspapers; and the Yaani mobile web browser. Further enhancing its digital ecosystem, Turkcell developed BiP, an all-in-one communication application; Goals Pocket, an app for sports news and video highlights; and the Digital Operator application, designed to streamline transactions and technology purchases. The company also provides home internet and television services for residential customers. Turkcell Iletisim Hizmetleri A.S. was established in 1993 and is headquartered in Istanbul, Turkey.

Sector: Communication Services · Industry: Telecommunications Services

Why this does not pass

  • Interest-bearing debt is 96.9% of market cap, over the 30% AAOIFI limit.
  • Interest-bearing deposits are over the 30% limit.

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 8, 2026

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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

  1. Not Halalnow

    since Sep 2026

  2. Halal

    until the change above

  3. Not Halal

    until the change above

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

Fiscal: Q2 2026Data source: FMP

Halal Alternatives in Communication Services

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 Turkcell Iletisim Hizmetleri A.S. (TKC) halal to invest in?
Turkcell Iletisim Hizmetleri A.S. (TKC) 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 Turkcell Iletisim Hizmetleri A.S. get a F compliance rating?
Turkcell Iletisim Hizmetleri A.S. (TKC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 96.9% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Turkcell Iletisim Hizmetleri A.S.'s Shariah verdict?
Turkcell Iletisim Hizmetleri 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 Turkcell Iletisim Hizmetleri A.S. re-screened for Shariah compliance?
Turkcell Iletisim Hizmetleri A.S. (TKC) 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 8, 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.