Is AHMA halal?
Ambitions Enterprise Management
Halal
Ambitions Enterprise Management passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.
Checked: 14 October 2026
Exchange
NASDAQ
Price
1.16
Day
-6.45%
Market cap
$36.3M
Industry
Travel Services
Sector
Consumer Cyclical
What the company does
Ambitions Enterprise Management (Dubai) is a travel agency and tour operator arranging hotels, transport, events and corporate tours in the UAE. Its money comes from tour and service fees.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
No prohibited activity
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $82K ÷ current market cap $36.29M = 0.2%
0.2%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $5.40M ÷ current market cap $36.29M = 14.9%
14.9%
Pass
Non-compliant income / total revenue
limit 5%
—
No data
Figures from the company's filings (2025-12-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.
For information (AAOIFI 3/1 note): cash + receivables are 61.4% of total assets (2025-12-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Among halal stocks
- 0.00% · #1317 of 1454
- Held by funds
- Not held by any tracked fund
Manually reviewed — clean
The industry was flagged as sensitive, so the company's filings were checked by hand on 15 August 2026. Conclusion:
Ambitions Enterprise Management — BAA (Dubay) sayohat agentligi/tur operatori/tadbir tashkilotchisi. Vositachi (BKNG/EXPE mantig'i)
Halal stocks in the same industry
The largest halal stocks in Travel Services — for comparison.
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Halal is the first question. The second: when to enter?
Our scanner watches 1454 halal stocks around the clock and fires a signal with entry, TP and SL when a technical setup completes. The full signal history — with outcomes — is public.
This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.