LINDDoubtfulC-
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Compliance Status

Doubtful

Screened on Oct 18, 2026 · AAOIFI Standard 21

C-

Borderline

37Score

Is Lindblad Expeditions Holdings, Inc. (LIND) halal? Doubtful. Based on AAOIFI screening, Lindblad Expeditions Holdings, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 37/100 (Grade: C-).

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HalalScreener rates Lindblad Expeditions Holdings, Inc. (LIND) Doubtful, 37/100, grade C- under AAOIFI Standard 21, screened Oct 18, 2026. Source: https://halalscreener.app/en/stock/LIND

Business activity

Its main business is permissible, with some incidental non-compliant revenue.

Passed

Company debt

Close to the limit

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

29.3% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

You may own LIND, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

We have screened LIND's prohibited income, but the exact share you would need to purify is part of Pro.

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Lindblad Expeditions Holdings, Inc.

LIND: Is Lindblad Expeditions Holdings, Inc. Halal?

Lindblad Expeditions Holdings, Inc.

NASDAQConsumer CyclicalUS

$34.55

Market Cap: 2.3B

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About Lindblad Expeditions Holdings, Inc.

Lindblad Expeditions Holdings, Inc. delivers diverse adventure travel experiences, encompassing both marine expeditions and land-based journeys. Through its primary Lindblad brand, the company orchestrates voyages utilizing a fleet comprising ten proprietary expedition vessels and five ships chartered on a seasonal basis. Furthermore, it manages several distinct travel brands: Natural Habitat specializes in eco-conscious, nature-focused small-group tours; DuVine offers upscale cycling and adventure excursions globally; Off the Beaten Path curates active small-group and bespoke private trips within the United States' national parks; and Classic Journeys designs active small-group and custom private itineraries, distinguished by guided walks led by local experts often evoking cinematic landscapes. The organization also maintains a strategic collaboration with the National Geographic Society. Founded in 1979, Lindblad Expeditions Holdings, Inc. is based in New York, New York.

Sector: Consumer Cyclical · Industry: Travel Services

Why This Stock Is Doubtful

  • Interest-bearing debt is 29.3% of market cap, only 0.7 points below the 30% AAOIFI limit.

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 18, 2026

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Business Activity Screen

Passed

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

Peripheral exposure (still halal, purify this share)
3.0%

Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.

  • •Estimated 3.0% of revenue from non-compliant sources. This is an average for Travel Services, not a figure the company reports.

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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

  1. Doubtfulnow

    since Oct 2026

  2. Not Halal

    until the change above

  3. Doubtful

    until the change above

  4. Not Halal

    until the change above

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

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Lindblad Expeditions Holdings, Inc. (LIND) halal to invest in?
Lindblad Expeditions Holdings, Inc. (LIND) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.
Why did Lindblad Expeditions Holdings, Inc. get a C- compliance rating?
Lindblad Expeditions Holdings, Inc. (LIND) received a grade of C- (Borderline) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 29.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Lindblad Expeditions Holdings, Inc.'s Shariah verdict?
Lindblad Expeditions Holdings, 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 Lindblad Expeditions Holdings, Inc. re-screened for Shariah compliance?
Lindblad Expeditions Holdings, Inc. (LIND) 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 18, 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.