Jet.AI Inc

JTAI

Compliant
Exchange
Sector
Headquarters
Group
NASDAQ
Technology
USA
Micro Cap

Jet.AI Inc is Shariah Compliant. It passes 2/5 Shariah standards we screen against.

-

Impure Income*

-

Purification*

$0.534

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
STRONG BUY
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
4.45
53.45%

Shariah Compliance

Debt
✓
Non-Compliant Assets
100%
✗
Impure Income

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
✓
Impure Income

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
✓
Impure Income

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
✓
Cash
80.11%
✗
Cash & AR
80.31%
✗
Impure Income

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
✓
Cash
80.11%
✗
Cash & AR
80.31%
✗
Impure Income

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
-

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

Jet.AI Inc. is a technology-driven company focused on Artificial Intelligence (AI) data center infrastructure development across North America. The Company’s Jet.AI Operator Platform provides a business-to-business (B2B) software platform for software-as-a-service (SaaS) products. Its SaaS software includes Reroute AI and DynoFlight. Reroute AI recycles aircraft waiting to return to base into new charter bookings to destinations within specific distances. DynoFlight enables aircraft operators to estimate aircraft emissions then purchase carbon removal credits. Its booking platform, CharterGPT, displays a variety of options across private aircraft types in addition to the pricing of its own aircraft, with a range of prices drawn from a list of thousands of aircraft for hire. Through its Agentic AI Model Ava, customers can book private jets by calling or texting a toll-free number where the AI provides real-time aircraft availability, pricing, and guidance to help users.