AIIRNot HalalF
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Compliance Status

Not Halal

Screened on Oct 9, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Air Global PLC Ordinary Shares (AIIR) halal? Not Halal. Based on AAOIFI screening, Air Global PLC Ordinary Shares has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

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HalalScreener rates Air Global PLC Ordinary Shares (AIIR) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 9, 2026. Source: https://halalscreener.app/en/stock/AIIR

Business activity

Involved in prohibited business activities.

Failed

Company debt

Over the limit

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

34.2% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding AIIR

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Air Global PLC Ordinary Shares

AIIR: Is Air Global PLC Ordinary Shares Halal?

Air Global PLC Ordinary Shares

NASDAQConsumer DefensiveAE

$7.44

Market Cap: 1.2B

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About Air Global PLC Ordinary Shares

Established in 1999, AIR Global PLC is headquartered in Dubai, United Arab Emirates. The company focuses on the production and distribution of hookah and other inhalation devices. It primarily conducts its sales through an online business-to-business (B2B) platform. This entity formally adopted the name AIR Global PLC in April 2026, having previously traded as AIR Holdings Limited.

Sector: Consumer Defensive · Industry: Tobacco

Why this does not pass

  • Business activity: the company earns from an activity AAOIFI treats as prohibited.
  • Interest-bearing debt is 34.2% 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 9, 2026

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Business Activity Screen

Failed

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

  • Prohibited industry: Tobacco
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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

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q2 2026Data source: FMP

Halal Alternatives in Consumer Defensive

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Frequently Asked Questions

Is Air Global PLC Ordinary Shares (AIIR) halal to invest in?
Air Global PLC Ordinary Shares (AIIR) 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 Air Global PLC Ordinary Shares get a F compliance rating?
Air Global PLC Ordinary Shares (AIIR) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 34.2% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Air Global PLC Ordinary Shares's Shariah verdict?
Air Global PLC Ordinary Shares'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 Air Global PLC Ordinary Shares re-screened for Shariah compliance?
Air Global PLC Ordinary Shares (AIIR) 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 9, 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.