Jet.AI Inc. (JTAI) - Not Halal (Non-Compliant)
Jet.AI Inc. (JTAI) is classified as Not Halal (Non-Compliant) according to AAOIFI Shariah screening standards. This assessment is based on business activity screening and financial ratio analysis using the AAOIFI methodology.
Business Activity Screen
- Sector
- Technology
- Industry
- Software - Application
- Result
- Pass
- Reason
- The sector "Technology" and industry "Software - Application" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 0.0% | Threshold: 30% | Result: Pass
- Cash & Interest-bearing Securities Ratio
- Value: 84.7% | Threshold: 30% | Result: Fail
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.02%.Based on the company's financial statements, approximately 0.02% of dividend income should be donated to charity for purification. This is derived from identified interest income (0.02% of total income). Some scholars may differ on the exact calculation method.
About Jet.AI Inc.
Jet.AI Inc. engages in the development and operation of private aviation platforms. The company operates CharterGPT, a booking platform that functions as a prospecting and quoting platform to arrange private jet travel with its aircrafts and third-party carriers. It also provides Reroute AI software that recycles aircraft waiting to return to base into prospective new charter bookings to destinations within specific distances; and DynoFlight, a software application programming interface (API), which enables aircraft operators to track and estimate emissions, and purchase carbon offset credits. In addition, the company offers aircraft charter, management, and brokerage services. The company was founded in 2018 and is headquartered in Las Vegas, Nevada.
Frequently Asked Questions
Is Jet.AI Inc. (JTAI) stock halal to invest in?
According to AAOIFI Shariah screening standards, Jet.AI Inc. (JTAI) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Jet.AI Inc. have any interest income?
Jet.AI Inc.'s interest income ratio is 84.7% of total revenue. AAOIFI standards require this to be below 30%.

