Is Air Canada halal to invest in?

According to Musaffa's Shariah screening methodology, Air Canada (AC.TO) is currently classified as NOT HALAL as of March 2026. The classification is based on an evaluation of the company's business activities and financial ratios to determine whether it meets Islamic investment guidelines.

Is Air Canada a Shariah-compliant stock?

A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Air Canada using these criteria to determine its compliance status.

Can Muslims buy shares of Air Canada?

Muslim investors may consider investing in Air Canada if it meets Shariah compliance standards. Investors typically review the company's business activities, debt levels, and non-permissible income before making a decision.

Why is Air Canada classified as NOT HALAL?

Musaffa determines the Shariah status of Air Canada by analyzing whether the company's core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.

How often is the Shariah compliance for Air Canada updated?

The Shariah compliance status of Air Canada may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like Air Canada become non-compliant?

Yes. A stock that is currently Shariah-compliant may become non-compliant if the company's financial ratios exceed Shariah thresholds or its business activities change.

Where can I check the Shariah status of Air Canada?

You can check the latest Shariah compliance status of Air Canada on Musaffa's stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.

AC.TO Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: March 27, 2026

Report Source: 2025 Annual Report

Air Canada. Stock Analysis AC.TO

Canada Industrials Mid Cap Report: 2025 Annual

Air Canada engages in the provision of airline transportation services. The company is headquartered in Saint-Laurent, Quebec and currently employs 35,900 full-time employees. The firm is a provider of scheduled passenger services in the Canadian market, the Canada-United States (U.S.) transborder market and the international market to and from Canada. The company provides scheduled service directly to more than 180 airports in Canada, the United States and internationally on six continents. The Company’s Aeroplan program is Canada's premier travel loyalty program, where members can earn or redeem points on the airline partner network of 45 airlines, plus through a range of merchandise, hotel and car rental rewards. Its freight division, Air Canada Cargo, provides air freight lift and connectivity to hundreds of destinations across six continents using its passenger and freighter aircraft. Air Canada Vacations is a tour operator which is engaged in developing, marketing, and distributing vacation travel packages in the outbound/inbound leisure travel market. Air Canada Rouge is Air Canada's leisure carrier.

Key Statistics of Air Canada (AC.TO)

Key statistics in the stock market are essential financial indicators that measure a company's performance, valuation, profitability, and risk.

Today's Range

CAD18.67CAD19.44

Today's Open

CAD18.71

Volume

2.29M

P/E Ratio (TTM)

8.30

52 Week Range

CAD16.45CAD23.72

Market Cap

5.25B

Avg. Volume

3.09M

Dividend Yield

Financial Metrics & Statements of Air Canada (AC.TO)

FAQ's for Air Canada (AC.TO)

According to Musaffa’s Shariah screening methodology, Air Canada (AC.TO) is currently classified as NOT HALAL as of March 2026. The classification is based on an evaluation of the company’s business activities and financial ratios to determine whether it meets Islamic investment guidelines.