Is Vision Marine Technologies Inc. (VMAR) Stock Halal or Haram?
Vision Marine Technologies Inc. (VMAR) - Not Halal (Non-Compliant)
Vision Marine Technologies Inc. (VMAR) 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
Consumer Cyclical
Industry
Recreational Vehicles
Result
Pass
Reason
The sector "Consumer Cyclical" and industry "Recreational Vehicles" are not in the excluded categories.
Financial Ratios
Debt Ratio
Value: 668.7% | Threshold: 30% | Result: Fail
Cash & Interest-bearing Securities Ratio
Value: 23.3% | Threshold: 30% | Result: Pass
Non-Permissible Income Ratio
Value: 1.1% | Threshold: 5% | Result: Pass
Dividend Purification
Purification percentage: 1.13%.Based on the company's financial statements, approximately 1.13% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.13% of total income). Some scholars may differ on the exact calculation method.
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. designs, develops, manufactures, rents, and sells electric boats in Canada, the United States, and internationally. It offers e-motion electric powertrain technology; e-motion electric outboard powertrain system; electric boats; and manufactures customized boats. The company provides its products through website and distributors. It serves original equipment manufacturers, retail customer, boat clubs, and boat rental operations. The company was formerly known as Riopel Marine Inc. and changed its name to Vision Marine Technologies Inc. in April 2020. Vision Marine Technologies Inc. was founded in 1995 and is headquartered in Boisbriand, Canada.
Frequently Asked Questions
Is Vision Marine Technologies Inc. (VMAR) stock halal to invest in?
According to AAOIFI Shariah screening standards, Vision Marine Technologies Inc. (VMAR) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Based on the company's financial statements, approximately 1.13% of dividend income should be donated to charity for purification. This is derived from identified interest income (1.13% of total income). Some scholars may differ on the exact calculation method.
Uses quarterly data
About Vision Marine Technologies Inc.
Vision Marine Technologies Inc. designs, develops, manufactures, rents, and sells electric boats in Canada, the United States, and internationally. It offers e-motion electric powertrain technology; e-motion electric outboard powertrain system; electric boats; and manufactures customized boats. The company provides its products through website and distributors. It serves original equipment manufacturers, retail customer, boat clubs, and boat rental operations. The company was formerly known as Riopel Marine Inc. and changed its name to Vision Marine Technologies Inc. in April 2020. Vision Marine Technologies Inc. was founded in 1995 and is headquartered in Boisbriand, Canada.
CanadaNASDAQConsumer Cyclical
Screened using AAOIFI Standard No. 21 on October 20, 2026. Financial ratios compared against market capitalization. Different methodologies may produce different results. Learn how we screen.
Screened using AAOIFI Shariah Standard No. 21 (3 ratios). Debt and interest-bearing deposits must each be under 30% of market capitalization, and non-permissible income under 5% of total income. This screening is for educational purposes only and does not constitute a fatwa or religious ruling. Results are based on publicly available financial data and automated analysis. Users should consult qualified Islamic scholars and financial advisors for personal investment decisions. Financial data may be delayed or incomplete. Past compliance does not guarantee future status.
Verdict history
Free with an account.
Status changed from Halal to Not Halalon-demand screening
Dates are when Mizaan recorded the change. Tracked and watched stocks are re-checked weekly; other stocks are re-screened on demand.
Get More on the Mizaan App
Live charts, market cap, financials, AI business analysis, portfolio tracking, and compliance alerts — all on your phone.
Frequently Asked Questions
According to AAOIFI Shariah screening standards, Vision Marine Technologies Inc. (VMAR) is currently classified as Not Halal (Non-Compliant). This is based on both business activity and financial ratio screening.
Vision Marine Technologies Inc.'s interest income ratio is 23.3% of total revenue. AAOIFI standards require this to be below 30%.
VMAR 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.
Vision Marine Technologies Inc.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
You can save VMAR to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Dividends from Vision Marine Technologies Inc. require purification. Approximately 1.13% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
Does Vision Marine Technologies Inc. have any interest income?
Vision Marine Technologies Inc.'s interest income ratio is 23.3% of total revenue. AAOIFI standards require this to be below 30%.
What guidelines are used to determine if VMAR stock is Shariah-compliant?
VMAR 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.
How often is Vision Marine Technologies Inc. stock reviewed for Shariah compliance?
Vision Marine Technologies Inc.'s compliance status is reviewed whenever new financial data becomes available, typically after quarterly or annual earnings reports. Market cap changes can also affect financial ratio screening results. Mizaan refreshes screening data periodically to reflect the latest filings.
How can I stay updated on Vision Marine Technologies Inc.'s compliance status?
You can save VMAR to your Mizaan portfolio to track its compliance status over time. Mizaan will update the screening whenever new financial data is available, so you always have the latest result.
Are dividends from Vision Marine Technologies Inc. stock considered halal?
Dividends from Vision Marine Technologies Inc. require purification. Approximately 1.13% of dividend income should be donated to charity to cleanse earnings from non-permissible sources such as interest income.
Do I need to pay Zakat on my Vision Marine Technologies Inc. shares?
Yes, Zakat is generally due on stock holdings. The calculation depends on your school of thought (madhab) and whether you hold shares for trading or long-term investment. Use Mizaan's Zakat calculator to compute your obligation based on your specific madhab and holding intent.
