Is MAIR halal?
Madison Air Solutions Corporati
Halal
Madison Air Solutions Corporati 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
NYSE
Price
23.34
Day
-0.55%
Market cap
$11.84B
Industry
Building Products & Equipment
Sector
Industrials
What the company does
Madison Air Solutions (IPO 2026) makes indoor air-quality and air-management systems: cooling/air handling for data centers and chip fabs (Nortek), AprilAire home systems and Big Ass Fans. Its money comes from equipment sales.
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 $3.05B ÷ current market cap $11.84B = 25.8%
25.8%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $261.80M ÷ current market cap $11.84B = 2.2%
2.2%
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 10.3% 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
- 0.02% · #386 of 1454
- Held by funds
- Not held by any tracked fund
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $39.00
- Henry EllenbogenDurable Capital Partners$397.7M3.9%
Halal stocks in the same industry
The largest halal stocks in Building Products & Equipment — 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.