VinFast Auto Ltd.

VFS: Is VinFast Auto Ltd. Halal?

VinFast Auto Ltd.

NASDAQConsumer CyclicalVN

$3.11

+0.00%

Market Cap: 7.3B

Compliance Status

Not Halal

Screened on Sep 3, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is VinFast Auto Ltd. (VFS) halal? Not Halal. Based on AAOIFI screening, VinFast Auto Ltd. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates VinFast Auto Ltd. (VFS) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 3, 2026. Source: https://halalscreener.app/en/stock/VFS

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

68.5% of 30.0% limit

What this means for you

Most scholars advise not holding VFS

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About VinFast Auto Ltd.

VinFast Auto Ltd. is an international company that specializes in the design, development, and production of electric vehicles (EVs), e-scooters, and e-buses. Its operations extend across Vietnam, Canada, and the United States. The company's core business is organized into three distinct segments: Cars, E-scooters, and E-buses. VinFast handles the entire lifecycle for its e-scooters, from initial design and development through manufacturing and sales. Additionally, it provides vital battery leasing and charging solutions to support its diverse range of electric cars, e-scooters, and e-buses. Its extensive product portfolio includes various electric models such as SUVs, mini-cars, mid-size pickup trucks, and 7-seater MPVs, alongside E-buses, E-scooters, and electric bikes. VinFast is also actively involved in developing advanced battery technology and related solutions. Headquartered in Hai Phong City, Vietnam, VinFast Auto Ltd. functions as a subsidiary of the larger Vingroup Joint Stock Company.

Sector: Consumer Cyclical · Industry: Auto - Manufacturers

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 3, 2026

Compliance History

  1. Not Halalnow

    since Aug 2026

  2. Under Review

    until the change above

  3. Not Halal

    until the change above

Tracked since May 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP
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Frequently Asked Questions

Is VinFast Auto Ltd. (VFS) halal to invest in?
VinFast Auto Ltd. (VFS) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did VinFast Auto Ltd. get a F compliance rating?
VinFast Auto Ltd. (VFS) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 68.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change VinFast Auto Ltd.'s Shariah verdict?
VinFast Auto Ltd.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is VinFast Auto Ltd. re-screened for Shariah compliance?
VinFast Auto Ltd. (VFS) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Sep 3, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.