What is New Horizon Aircraft Ltd's Shariah compliance score?

New Horizon Aircraft Ltd's (HOVR) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does New Horizon Aircraft Ltd pass AAOIFI screening?

New Horizon Aircraft Ltd (HOVR) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (HOVR: 0.1%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for New Horizon Aircraft Ltd stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for New Horizon Aircraft Ltd (HOVR) using the latest financial data.

Where can I screen New Horizon Aircraft Ltd for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for New Horizon Aircraft Ltd (HOVR) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about HOVR's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

HOVR: Is New Horizon Aircraft Ltd Halal?

New Horizon Aircraft Ltd

NASDAQIndustrialsCA

$1.88

+2.73%

Market Cap: 125.6M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is New Horizon Aircraft Ltd (HOVR) halal? Not Halal. Based on AAOIFI screening, New Horizon Aircraft Ltd passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

0.1% of 30.0% limit

What this means for you

Most scholars advise not holding HOVR

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About New Horizon Aircraft Ltd

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States. It focuses on the design and delivery of the Cavorite X7, a hybrid electric 7-seat aircraft that can take off and land vertically. The company was founded in 2013 and is headquartered in Lindsay, Canada.

Sector: Industrials · Industry: Aerospace & Defense

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: FY 2026Data source: FMP

Halal Alternatives in Industrials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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+0.00%

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Tri-Mode System (M) Berhad

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Powerwell Holdings Berhad

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Free · No credit card required

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Frequently Asked Questions

Is New Horizon Aircraft Ltd (HOVR) halal to invest in?

New Horizon Aircraft Ltd (HOVR) 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 New Horizon Aircraft Ltd get a F compliance rating?

New Horizon Aircraft Ltd (HOVR) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.1% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change New Horizon Aircraft Ltd's Shariah verdict?

New Horizon Aircraft Ltd'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 New Horizon Aircraft Ltd re-screened for Shariah compliance?

New Horizon Aircraft Ltd (HOVR) 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.