Is Investcorp AI Acquisition Corp. (IVCAF) Halal?

NYSE Financial Services Cayman Islands $78M
✗ NOT HALAL
Confidence: 95/100
Investcorp AI Acquisition Corp. (IVCAF) is Not Halal under AAOIFI Standard 21 due to its classification in the Shell Companies industry, which is excluded under Shariah screening. Companies operating in prohibited sectors such as conventional banking, insurance, alcohol, tobacco, and gambling are automatically excluded regardless of their financial ratios.

Shariah Screening — 5 Standards

Based on financial data from December 2024

Standard Debt Ratio Cash Ratio Receivables Income Status
AAOIFI Excluded — Shell Companies ✗ NOT HALAL
DJIM Excluded — Shell Companies ✗ NOT HALAL
MSCI Excluded — Shell Companies ✗ NOT HALAL
S&P Excluded — Shell Companies ✗ NOT HALAL
FTSE Excluded — Shell Companies ✗ NOT HALAL

Financial Highlights

EPS
$-0.02
P/B Ratio
-13.5
Revenue
$0
Beta
-0.0
Low volatility
Current Ratio
0.2

Profitability

Gross Margin 0.0%
Operating Margin 0.0%
Net Margin 0.0%
Return on Assets (ROA) -2.2%

Cash Flow & Balance Sheet

Operating Cash Flow-$734,179
Free Cash Flow-$734,179
Total Debt$3M
Current Ratio0.2
Total Assets$19M

Price & Trading

Last Close$12.00
50-Day MA$12.00
200-Day MA$11.71
Avg Volume0
Beta-0.0
52-Week Range
$11.02
$12.98

About Investcorp AI Acquisition Corp. (IVCAF)

CEO
Vikas Mittal
Sector
Financial Services
Industry
Shell Companies
Country
Cayman Islands
Exchange
NYSE
Market Cap
$78M
Currency
USD

Investcorp AI Acquisition Corp. does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or other similar business combination with one or more businesses in the artificial intelligence, healthcare, software, consumer services, IT services, business-to-business, and fintech sectors. The company was formerly known as Investcorp India Acquisition Corp and changed its name to Investcorp AI Acquisition Corp. in October 2024. Investcorp AI Acquisition Corp. was incorporated in 2021 and is based in George Town, the Cayman Islands.

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Frequently Asked Questions

Is Investcorp AI Acquisition Corp. (IVCAF) halal to invest in?

Based on our screening using AAOIFI Standard 21 (the strictest methodology), Investcorp AI Acquisition Corp. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.

What is Investcorp AI Acquisition Corp.'s debt ratio?

Investcorp AI Acquisition Corp.'s debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.

What are Investcorp AI Acquisition Corp.'s key financial metrics?

Investcorp AI Acquisition Corp. has a market capitalization of $78M.

How often is the screening data updated?

Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.

Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.