NTRPDoubtfulC+
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Compliance Status

Doubtful

Screened on Oct 10, 2026 · AAOIFI Standard 21

C+

Fair

53Score

Is NextTrip, Inc. (NTRP) halal? Doubtful. Based on AAOIFI screening, NextTrip, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 53/100 (Grade: C+).

Quote this verdict

HalalScreener rates NextTrip, Inc. (NTRP) Doubtful, 53/100, grade C+ under AAOIFI Standard 21, screened Oct 10, 2026. Source: https://halalscreener.app/en/stock/NTRP

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%.

27.0% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

You may own NTRP, 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 NTRP's prohibited income, but the exact share you would need to purify is part of Pro.

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NextTrip, Inc.

NTRP: Is NextTrip, Inc. Halal?

NextTrip, Inc.

NASDAQConsumer CyclicalUS

$2.07

Market Cap: 15.2M

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About NextTrip, Inc.

NextTrip, Inc., a technology-driven travel company, develops an integrated travel booking and media platform to connect leisure, group, and business travelers in the United States and internationally. The company offers NXT2.0, a booking engine platform that enables to book customized travel options. Its product portfolio consists of NextTrip Leisure, a booking engine for customized vacation packages, flights, hotels, tours, wellness vacations, cruise, and group travel options; NextTrip Luxury and Business, a platform that provides access to hotels; NextTrip Cruises, an integrated cruise booking engine; NextTrip Solutions, a travel agent platform; and NextTrip Media, a travel content platform. The company also markets its travel services through various brands, including NextTrip Vacations for direct-to-consumer leisure travel; Five Star Alliance for luxury and cruise bookings; NextTrip Business for small-to-mid-sized corporate travel; and PayDlay, a delayed payment booking option. In addition, its booking engine includes media properties, which consists of Journy.tv, Compass.tv, and Travel Magazine. The company was formerly known as Sigma Additive Solutions, Inc. and changed its name to NextTrip, Inc. in March 2024. NextTrip, Inc. is based in Santa Fe, New Mexico.

Sector: Consumer Cyclical · Industry: Travel Services

Why This Stock Is Doubtful

  • Interest-bearing debt is 27.0% of market cap, only 3.0 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 10, 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. Halal

    until the change above

  3. Doubtful

    until the change above

  4. Not Halal

    until the change above

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

Fiscal: Q1 2027Data source: EDGAR
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Frequently Asked Questions

Is NextTrip, Inc. (NTRP) halal to invest in?
NextTrip, Inc. (NTRP) 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 NextTrip, Inc. get a C+ compliance rating?
NextTrip, Inc. (NTRP) received a grade of C+ (Fair) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 27.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change NextTrip, Inc.'s Shariah verdict?
NextTrip, 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 NextTrip, Inc. re-screened for Shariah compliance?
NextTrip, Inc. (NTRP) 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 10, 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.