Is New Horizon Aircraft Ltd halal to invest in?

According to Musaffa's Shariah screening methodology, New Horizon Aircraft Ltd (HOVR) is currently classified as NOT HALAL as of January 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 New Horizon Aircraft Ltd 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 New Horizon Aircraft Ltd using these criteria to determine its compliance status.

Can Muslims buy shares of New Horizon Aircraft Ltd?

Muslim investors may consider investing in New Horizon Aircraft Ltd 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 New Horizon Aircraft Ltd classified as NOT HALAL?

Musaffa determines the Shariah status of New Horizon Aircraft Ltd 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 New Horizon Aircraft Ltd updated?

The Shariah compliance status of New Horizon Aircraft Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.

Can a halal stock like New Horizon Aircraft Ltd 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 New Horizon Aircraft Ltd?

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

HOVR Shariah Compliance

Screening Methodology: AAOIFI

NOT HALAL

Last Updated: January 21, 2026

Report Source: 2026 2nd Quarter Report

New Horizon Aircraft Ltd. Stock Analysis HOVR

United States Industrials Micro Cap Report: Q2, 2026

New Horizon Aircraft Ltd. engages in manufacturing aircraft. The company is headquartered in Lindsay, Ontario and currently employs 30 full-time employees. The company went IPO on 2023-02-10. The firm is engaged in designing and developing hybrid-electric vertical takeoff and landing (VTOL) prototype aircraft for future regional air mobility (RAM) networks. The firm's Cavorite X7 prototype can take off vertically, but once in flight, its patented HOVR wing system reverts to the configuration of a conventional airplane. The company operates with up to 30% less hydrocarbon emissions than conventional aircraft conducting similar operations. The company is designed with 14 redundant lift fans in hover, through which multiple failures can be tolerated. The firm's Cavorite X7 offers state and federal operations through search and rescue missions and supply delivery to zones affected by tornadoes, hurricanes, landslides, storms, floods, or forest fires. The company also provides shuttle and transportation services, plus time-sensitive cargo and goods delivery in underserved, remote regions.

Key Statistics of New Horizon Aircraft Ltd (HOVR)

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

Today's Range

$2.19$2.40

Today's Open

$2.35

Volume

2.80M

P/E Ratio (TTM)

28.89

52 Week Range

$0.45$4.18

Market Cap

103.20M

Avg. Volume

1.97M

Dividend Yield

Financial Metrics & Statements of New Horizon Aircraft Ltd (HOVR)

FAQ's for New Horizon Aircraft Ltd (HOVR)

According to Musaffa’s Shariah screening methodology, New Horizon Aircraft Ltd (HOVR) is currently classified as NOT HALAL as of January 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.