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AAOIFI No. 21 screening

Is AIAI halal?

AIAI Holdings Corporation

Halal

AIAI Holdings Corporation 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

2.68

Day

-10.67%

Market cap

$223.2M

Industry

Conglomerates

Sector

Industrials

What the company does

AIAI Holdings (Hong Kong) is an investment holding that applies AI to healthcare, infrastructure and natural-resources projects; a small, young company with little revenue so far.

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 $42.57M ÷ current market cap $223.16M = 19.1%

    19.1%

    Pass

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $12.82M ÷ current market cap $223.16M = 5.8%

    5.8%

    Pass

  • Non-compliant income / total revenue

    limit 5%

    —

    No data

Figures from the company's filings (2026-06-30), 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 5.9% of total assets (2026-06-30). 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% · #1111 of 1454

Manually reviewed — clean

The industry was flagged as sensitive, so the company's filings were checked by hand on 15 August 2026. Conclusion:

AIAI Holdings — AI bilan sog'liqni saqlash/infratuzilma/tabiiy resurslar/moliyaviy xizmatlar portfelini boshqaruvchi holding. Aniq haram yo'nalish topilmadi

Halal stocks in the same industry

The largest halal stocks in Conglomerates — 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.