Is Vizsla Silver (VZLA.TO) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Vizsla Silver (VZLA.TO) does not pass the AAOIFI Shari’ah Standard 21 screen. Cash and interest-bearing investments are 43.7% of the company’s 33-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/3). Last checked 27 September 2026.
Vizsla Silver is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Pass |
| Interest-bearing debt | 30% | 24.27% | Pass |
| Cash and interest-bearing investments | 30% | 43.70% | Fail |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 60.13% | Pass |
Key Findings & Observations
- Cash and interest-bearing investments are 43.7% of the company’s 33-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/3).Source: AAOIFI Shari'ah Standard 21
- The prohibited income test couldn’t be settled: The figures needed were not available.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Vizsla Silver Corp. (VZLA.TO)
Is Vizsla Silver (VZLA.TO) stock halal?▾
No. Vizsla Silver (VZLA.TO) does not pass the AAOIFI Shari’ah Standard 21 screen. Cash and interest-bearing investments are 43.7% of the company’s 33-month average market value. AAOIFI’s limit is under 30% (Shari'ah Standard 21, 3/4/3). Last checked 27 September 2026.
What is Vizsla Silver's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Vizsla Silver's ratio is about 24.3%.
How much dividend purification is required for Vizsla Silver (VZLA.TO) stock?▾
Vizsla Silver does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Vizsla Silver operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Vizsla Silver's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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