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).

D-Market Elektronik Hizmetler ve Ticaret A.S.

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

Not Halal

D-Market Elektronik Hizmetler ve Ticaret A.S.

NASDAQConsumer CyclicalTR

$2.63

-5.40%

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

D-Market Elektronik Hizmetler ve Ticaret A.S. operates e-commerce platforms in Turkey. The company operates www.hepsiburada.com, a retail website that provides its retail customers a range of merchandise, including electronics and non-electronics, such as books, sports, toys, kids and baby products, cosmetics, furniture, etc. It also offers HepsiExpress, an app-in-app initiative and on-demand delivery service that delivers groceries, water, and flowers; HepsiJet that provides last- mile delivery services; HepsiLojistik, which offers storage and fulfillment services; HepsiMat, a pick-up and drop-off point; HepsiAd that provides advertising service and data driven insights; HepsiGlobal for discovering and purchasing products from international merchants online; Hepsipay, which offers an e-money and payment services; and HepsiFly for buying airline tickets online. The company was incorporated in 2000 and is headquartered in Istanbul, Turkey.

Sector: Consumer Cyclical 路 Industry: Specialty Retail

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 11, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap354.2% / 30.0%

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.

Screened: Jun 11, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

834.3M

Price

$2.63

Sector

Consumer Cyclical

Industry

Specialty Retail

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 354.2% (limit 30%); interest-bearing deposits of 1495.6% (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: Jun 11, 2026.

Screened according to AAOIFI Standard No. 21 路 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.