No. As of September 2026, Air Global PLC (AIIR) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Air Global PLC does not pass Musaffa's business and financial screening criteria.
AIR Global Plc engages in the provision of branded flavored molasses (commonly known as “hookah”, “shisha” or “mu’assel”), a tobacco-based mixture that is commonly around 15% to 25% tobacco by weight and typically inhaled via a water pipe. The company is headquartered in Dubai, Dubai. The company went IPO on 2026-05-22. The firm produces and sells branded flavored molasses through a variety of sales channels, including directly to consumers and through distributors and licensed retailers, in over 90 markets worldwide. Its product portfolio includes Core Business and New Growth Categories (NGCs). Its Core Business includes Core-Americas, Core-Europe and Core-MEAA. These segments encompass the production and sale of traditional flavored molasses under the Al Fakher, Shisha Kartel, Zodiac and Kloud King brands, distributed globally by us through third-party wholesale, retail and direct-to-consumer channels. The Core Business also captures Crown vapes, which we license through third-party partnerships. Its NGCs include our OOKA brand, Al Fakher-branded nicotine pouches, VANT and Crown Switch offerings.
Air Global PLC AIIR
$7.30 $0.18 (2.53%) 1D
Last Updated: Sep 04, 12:00 AM·NASDAQ
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AIIR Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Air Global PLC is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
Air Global PLC (AIIR) Chart
Financial Metrics & Statements of Air Global PLC (AIIR)
FAQ's for Air Global PLC (AIIR)
As of September 2026, Air Global PLC AIIR is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes Air Global PLC using these criteria to determine its compliance status.
Muslim investors may consider investing in Air Global PLC if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of Air Global PLC by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of Air Global PLC may be updated periodically when new financial statements, earnings reports, or business activity information become available.
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.
You can check the latest Shariah compliance status of Air Global PLC on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.