Is Air Arabia (AIRARABIA) halal?
Air Arabia is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 16.7% of market capitalisation (limit 30%), and non-permissible (interest) income is 3.1% of revenue (limit 5%).
The AAOIFI financial screen
| Test | Result | Limit | Status |
|---|---|---|---|
| Interest-bearing debt ÷ market capitalisation | 16.7% | < 30% | Within limit |
| Non-permissible income ÷ revenue | 3.1% | < 5% | Within limit |
Purification
Even a compliant company earns a little interest. About 3.1% of Air Arabia's revenue is non-permissible income, so a shareholder who receives dividends would normally donate about 3.1% of each dividend. Open the full analysis for the amount per share.
About Air Arabia
Air Arabia PJSC, together with its subsidiaries, provides air travel services. It operates through two segments: Airline and Other. The company offers international commercial air transportation, aircraft rental, passengers transport, and cargo services, as well as aviation training, and aircraft repairs and maintenance services. It also involved in the trading of aircraft and related spare parts. In addition, the company operates travel and tourist agencies, and airline…
Open the full analysis in Sanad
Similar companies
- Riyadh Cables Group Co.
- Electrical Industries Company
- Sal Saudi Logistics Services Co.
- Astra Industrial Group
- East Pipes Integrated Company for Industry
- Catrion Catering Holding Co.
Go deeper on Sanad
Free to look up. These parts are included with a free trial or Sanad Pro.
- 🔒 Purification amount per sharePRO••••••
- 🔒 Fair price and buy pricePRO••••••
- 🔒 Analysis Score (0–100)PRO••••••
- 🔒 Full financial statements and ratio historyPRO••••••
- 🔒 Alerts when the verdict changesPRO••••••
Frequently asked questions
Is Air Arabia (AIRARABIA) halal?
Air Arabia is compliant under Sanad's AAOIFI Standard 21 screen: interest-bearing debt is 16.7% of market capitalisation (limit 30%), and non-permissible (interest) income is 3.1% of revenue (limit 5%).
What makes a stock halal or haram?
Under AAOIFI Standard 21 a company must first have a permissible core business (no conventional banking or insurance, alcohol, tobacco, gambling or similar). Then interest-bearing debt must be under 30% of its market value and interest income under 5% of its revenue.
How much of Air Arabia's dividends should be purified?
About 3.1% of each dividend, the share of the company's income that is not permissible. Donate that amount rather than keeping it.
How often is this updated?
Prices refresh daily and the ratios update when the company files new financial statements, usually every quarter. This page's data was last updated 2026-10-26.