Surf Air Mobility Inc. (SRFM) - Not Halal (Non-Compliant)
Surf Air Mobility Inc. (SRFM) 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
- Industrials
- Industry
- Airlines
- Result
- Pass
- Reason
- The sector "Industrials" and industry "Airlines" are not in the excluded categories.
Financial Ratios
- Debt Ratio
- Value: 33.5% | Threshold: 30% | Result: Fail
- Cash & Interest-bearing Securities Ratio
- Value: 7.2% | Threshold: 30% | Result: Pass
- Non-Permissible Income Ratio
- Value: 0.0% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 0.00%.No non-permissible income detected in the financial statements. No purification is required based on available data.
About Surf Air Mobility Inc.
Surf Air Mobility Inc. engages in the air mobility business in the United States and internationally. Its air mobility platform provides scheduled commercial air service flights; and on-demand flights created for customers on an ad-hoc, by request basis. Surf Air Mobility Inc. was founded in 2011 and is headquartered in Hawthorne, California.
Frequently Asked Questions
Is Surf Air Mobility Inc. (SRFM) stock halal to invest in?
According to AAOIFI Shariah screening standards, Surf Air Mobility Inc. (SRFM) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Does Surf Air Mobility Inc. have any interest income?
Surf Air Mobility Inc.'s interest income ratio is 7.2% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if SRFM stock is Shariah-compliant?
SRFM is screened using AAOIFI Standard No. 21, which involves two checks: business activity screening (ensuring the company's core business is permissible in Islam) and financial ratio screening (checking debt, interest income, and cash ratios against defined thresholds). AAOIFI is the most widely recognized standard for Islamic finance.

