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AIRI – Air Industries Group

Not Compliant

Air Industries Group is not Shariah Compliant because its Impure Income is more than 5% of its total revenues.

Air Industries Group is a holding company with three subsidiaries, Air Industries Machining Corp. (AIM), Nassau Tool Works, Inc. (NTW) and the Sterling Engineering Company (SEC). The Company manufactures aerospace components primarily for the aerospace and defense industry. Its AIM and NTW manufacture structural parts and assemblies focusing on flight safety, including aircraft landing gear, arresting gear, engine mounts, flight controls, throttle quadrants and other components. SEC makes components and provides services for aircraft jet engines and ground-power turbines. AIM and NTW offers its products to a range of military and commercial aircraft, including the Sikorsky UH-60 Blackhawk, Lockheed Martin F-35 Joint Strike Fighter and Northrop Grumman E2D Hawkeye, and others. They also make a critical component for the Pratt & Whitney Geared TurboFan aircraft engine used on commercial airliners. SEC makes products used in jet engines that are used on military and commercial aircraft.

AAOIFI ✗

Debt ÷ Market cap (MC)131.38
Non-Compliant Assets ÷ MC
Impure Income (incl. Interest)82.5
Impure Income82.5%
Interest Income%
Total82.5%

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