TLKNot HalalF
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Compliance Status

Not Halal

Screened on Oct 17, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) halal? Not Halal. Based on AAOIFI screening, Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 17, 2026. Source: https://halalscreener.app/en/stock/TLK

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%.

41.3% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding TLK

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

TLK: Is Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk Halal?

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

NYSECommunication ServicesID

$11.03

Market Cap: 10.9B

Screened on a market cap of 195.7T

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About Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk

Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk, known as TELKOM Indonesia, is a global provider of telecommunications, information technology, and network solutions. Founded in Bandung, Indonesia, in 1884, its operations are organized into several distinct segments. The Mobile division offers cellular voice, text messaging, and mobile broadband connectivity, alongside a range of digital services that include financial technology, on-demand video and music, gaming, Internet of Things (IoT) applications, big data analytics, and digital advertising. Its Consumer segment provides fixed-line telephone and internet services, as well as IPTV and other related digital offerings for residential users. For enterprise clients, the company delivers comprehensive ICT and digital platform solutions, encompassing business-grade connectivity (including satellite services), IT support, data center and cloud infrastructure, business process outsourcing, customer premises equipment (CPE) sales, managed services, cybersecurity, financial services, big data solutions, digital advertising, e-health, managed ATM services, and professional consulting. The Wholesale and International Business segment caters to other licensed operators and institutions, supplying services such as wholesale voice, managed network solutions, Application-to-Person (A2P) SMS, IP transit and connectivity, data center and cloud resources, security, value-added digital services, mobile network operator (MNO) and mobile virtual network operator (MVNO) support, call center operations, and essential tower and infrastructure services. An "Others" segment covers various digital initiatives like platform development, content creation, and e-commerce, in addition to property management. The company's diverse activities also extend to building maintenance, payment processing, business management consulting, venture capital, health insurance administration, tourism, directory information, telecommunication construction, multimedia portals, civil engineering consultancy and development, and office leasing. As of December 31, 2020, TELKOM served approximately 9.1 million fixed wireline customers, with 8.0 million of those subscribing to fixed broadband, and a substantial 169.5 million cellular subscribers, including 115.9 million mobile broadband users.

Sector: Communication Services · Industry: Telecommunications Services

Why this does not pass

  • Interest-bearing debt is 41.3% of market cap, over the 30% AAOIFI 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 17, 2026

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Screened according to AAOIFI Standard 21

Compliance History

  1. Not Halalnow

    since Sep 2026

  2. Doubtful

    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

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Frequently Asked Questions

Is Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) halal to invest in?
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) 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 Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk get a F compliance rating?
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 41.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk's Shariah verdict?
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk'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 Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk re-screened for Shariah compliance?
Perusahaan Perseroan (Persero) PT Telekomunikasi Indonesia Tbk (TLK) 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 17, 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.