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Shariah compliance overview

Not Halal

New Horizon Aircraft Ltd (HOVR) is currently classified as Not Halal by Akinda Shariah screening (AAOIFI-aligned methodology).

About New Horizon Aircraft Ltd

New Horizon Aircraft Ltd., an aerospace original equipment manufacturer company, designs hybrid-electric vertical takeoff and landing (eVTOL) aircraft for the regional air mobility market in the United States.

New Horizon Aircraft Ltd (HOVR) operates in the Industrials sector, in the Aerospace & Defense industry.

Why it is not classified as halal: it does not pass these screens: Business Activity, Interest-bearing securities and assets.

Business Activity
100.00%Limit 5%Fail
Interest-bearing debt
0.00%Limit 30%Pass
Interest-bearing securities and assets
160.19%Limit 30%Fail
Dividend purification
100.00%Share of dividends to give to charityPurification calculator

Last updated: Nov 3, 2026 · Screening is informational and not a fatwa. Consult a qualified scholar for personal guidance.

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Frequently asked questions

Quick answers about New Horizon Aircraft Ltd (HOVR). Current Akinda screening label: Not Halal.