Air T, Inc.

AIRT: Is Air T, Inc. Halal?

Air T, Inc.

NASDAQIndustrialsUS

$31.19

-3.53%

Market Cap: 84.0M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Air T, Inc. (AIRT) halal? Not Halal. Based on AAOIFI screening, Air T, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

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%.

293.4% of 30.0% limit

What this means for you

Most scholars advise not holding AIRT

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Air T, Inc.

Air T, Inc. operates as a diversified company, offering an array of services across the United States and globally. Its primary business activities encompass rapid air cargo transportation, the manufacturing and sale of specialized ground support equipment, comprehensive solutions for commercial aircraft, engines, and parts, and services for printing equipment maintenance. The company's Overnight Air Cargo division specializes in expedited air freight delivery. As of March 31, 2022, this segment utilized a fleet of 72 aircraft, which were dry-leased for operations with FedEx. Through its Ground Equipment Sales segment, Air T, Inc. designs, produces, distributes, and maintains various types of specialized machinery. This includes aircraft de-icing units, elevated work platforms (scissor lifts), decontamination systems for both military and civilian use, flight-line tow tractors, and glycol recovery vehicles, among other unique equipment. Its broad customer base includes passenger and cargo airlines, ground handling companies, the United States Air Force, airport authorities, and industrial enterprises. The Commercial Aircraft, Engines and Parts segment provides an exhaustive suite of services related to commercial aviation assets. These offerings span commercial aircraft trading, leasing arrangements, and extensive parts solutions. Specific services include aircraft storage, maintenance during storage periods, and aircraft disassembly for component recovery (part-out services). Furthermore, this segment handles the sale, exchange, procurement, consignment programs, and overhaul/repair of aircraft components. Its expertise extends to instrumentation, avionics, and a variety of electrical accessories suitable for civilian, military transport, regional/commuter, business/commercial jet, and turboprop aircraft. The division also specializes in composite aircraft structures, providing both repair and support services for them. Air T, Inc. was established in 1980 and is headquartered in Denver, North Carolina.

Sector: Industrials · Industry: Conglomerates

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

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: Q1 2027Data source: EDGAR
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Frequently Asked Questions

Is Air T, Inc. (AIRT) halal to invest in?
Air T, Inc. (AIRT) 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 T, Inc. get a F compliance rating?
Air T, Inc. (AIRT) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 293.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Air T, Inc.'s Shariah verdict?
Air T, Inc.'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 T, Inc. re-screened for Shariah compliance?
Air T, Inc. (AIRT) 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: Aug 26, 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.