Compliance Status

Doubtful

Screened on Oct 8, 2026 · AAOIFI Standard 21

B

Acceptable

60Score

Is Versus Systems Inc. (VS) halal? Doubtful. Based on AAOIFI screening, Versus Systems Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 60/100 (Grade: B).

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HalalScreener rates Versus Systems Inc. (VS) Doubtful, 60/100, grade B under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/VS

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

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

0.0% of 30.0% limit
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Screened according to AAOIFI Standard 21

What this means for you

You may own VS, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

We have screened VS's prohibited income, but the exact share you would need to purify is part of Pro.

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Versus Systems Inc.

VS: Is Versus Systems Inc. Halal?

Versus Systems Inc.

NASDAQTechnologyUS

$1.05

Market Cap: 5.1M

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About Versus Systems Inc.

Operating across the United States and Canada, Versus Systems Inc. provides a business-to-business software platform. Their primary product, eXtreme Engagement Online, enables clients such as professional sports organizations, live event producers, and video game publishers and developers, along with other interactive media creators, to embed real-time prizing and incentives within their content. These rewards are typically earned through the completion of challenges and various other user engagement features. The company primarily distributes its platform access and service packages via its internal direct sales force. Versus Systems Inc. maintains its head office in Vancouver, Canada.

Sector: Technology · Industry: Software - Application

Why This Stock Is Doubtful

  • Interest-bearing deposits are close to the 30% limit.

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 8, 2026

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Screened according to AAOIFI Standard 21

Compliance History

  1. Doubtfulnow

    since Sep 2026

  2. Halal

    until the change above

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

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is Versus Systems Inc. (VS) halal to invest in?
Versus Systems Inc. (VS) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.
Why did Versus Systems Inc. get a B compliance rating?
Versus Systems Inc. (VS) received a grade of B (Acceptable) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 0.0% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Versus Systems Inc.'s Shariah verdict?
Versus Systems Inc.'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 Versus Systems Inc. re-screened for Shariah compliance?
Versus Systems Inc. (VS) 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: Oct 8, 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.