Can Muslims invest in VS?

Yes, VS passes all four shariah compliance screens (business activity, debt ratio, interest income, and cash/securities ratio) and is considered permissible for Muslim investors.

What shariah screening criteria were used for VS?

VS was screened using AAOIFI-based criteria: (1) Business activity — must not derive primary income from haram activities, (2) Debt-to-market-cap ratio must be ≤33%, (3) Interest income must be ≤5% of revenue, (4) Cash & interest-bearing securities must be ≤33% of market cap. VS passed 4 of these 4 screens.

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Is VS (Versus Systems Inc.) Halal or Haram?

Q: Is VS (Versus Systems Inc.) stock halal?

Based on our AAOIFI-standard screening, VS is classified as Halal. Versus Systems Inc. passes all AAOIFI Shariah screens with an exceptionally clean financial structure. The company carries zero interest-bearing debt and generates 0.00% in interest income, keeping it perfectly aligned with Islamic finance principles. Furthermore, its cash and securities sit at a safe 8.5% of market cap, making it fully compliant for Muslim investors.

NASDAQ Capital MarketTechnologySoftware - Application$6.2M2026-04-27

VS is Halal4/4 screens passed

Versus Systems Inc. passes all AAOIFI Shariah screens with an exceptionally clean financial structure. The company carries zero interest-bearing debt and generates 0.00% in interest income, keeping it perfectly aligned with Islamic finance principles. Furthermore, its cash and securities sit at a safe 8.5% of market cap, making it fully compliant for Muslim investors.

Price Chart (5D)

$1.20-0.05 (-4.00%)

2026-05-072026-04-30

VS — Last 7 Days

Date	Open	High	Low	Close	Volume	Change
2026-05-07	1.31	1.31	1.20	1.24	30K	-5.34%
2026-05-06	1.26	1.36	1.23	1.27	48K	+0.79%
2026-05-05	1.30	1.32	1.26	1.32	8K	+1.54%
2026-05-04	1.31	1.39	1.31	1.39	20K	+6.11%
2026-05-01	1.27	1.45	1.26	1.34	40K	+5.51%
2026-04-30	1.35	1.41	1.17	1.31	140K	-2.96%
2026-04-29	1.15	1.30	1.11	1.21	26K	+5.22%

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Shariah Screening Details for VS

Business Activity

Permissible

Versus Systems' core business of providing B2B software platforms for interactive media engagement and in-game rewards is permissible, as it does not involve haram activities.

Debt / Market Cap

0.00%

Debt: $0Threshold: ≤33%

Interest Income

0.00%

Interest: $0Threshold: ≤5%

Cash & Securities

8.47%

Cash: $527,388Threshold: ≤33%

About Versus Systems Inc. (VS)

For Muslim investors, Versus Systems is currently classified as a Halal investment. The stock successfully passed all four AAOIFI screening criteria, meaning both its core software application business and its internal financial practices align with Islamic principles.

The company's financial structure is highly favorable from an Islamic finance perspective. Versus Systems operates with a 0.0% debt-to-market cap ratio and earns 0.00% of its revenue from interest, making it completely free from riba-based leverage or prohibited income streams.

While the core engagement platform is permissible, Muslim investors should monitor the types of prizes and rewards facilitated through the system to ensure the company does not pivot toward gambling or haram sponsorships. Currently, the stock remains a remarkably clean technology play with pristine financial ratios.

CEO

Luis Claudio Goldner

Employees

IPO Date

2012-08-13

Headquarters

Vancouver, BC, CA

Website

www.versussystems.com

VS Key Financial Statistics

Revenue

$2.2M

Net Income

$-1.8M

EPS (Diluted)

$-0.37

Stock Price

1.27

Beta

1.39

52-Week Range

0.7501-2.83

Total Debt

Total Equity

$10.2M

Current Ratio

10.17

VS Financial Health & Profitability

Profit Margins

Gross Margin99.2%

Operating Margin-99.0%

Net Margin-82.1%

Revenue Growth (YoY)

+2550.2%

Prior year: $82,385

Net Cash

$527,388

Cash: $527,388 — Debt: $0

R&D Spending

$48,065

% of Revenue

2.2%

Frequently Asked Questions About VS

Is VS (Versus Systems Inc.) stock halal to invest in?▾

Based on our AAOIFI-standard shariah screening, VS is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (0.00% vs ≤33% threshold), interest income ratio (0.00% vs ≤5% threshold), and cash & securities ratio (8.47% vs ≤33% threshold).

What does Versus Systems Inc. do?▾

Versus Systems Inc. operates eXtreme Engagement Online, a B2B software platform used extensively in the United States and Canada. The platform allows professional sports franchises, video game developers, and live event producers to offer interactive in-game prizing and user engagement tools. For Muslim investors, Versus Systems is currently classified as a Halal investment. The stock successfully passed all four AAOIFI screening criteria, meaning both its core software application business and its internal financial practices align with Islamic principles. The company's financial structure is highly favorable from an Islamic finance perspective. Versus Systems operates with a 0.0% debt-to-market cap ratio and earns 0.00% of its revenue from interest, making it completely free from riba-based leverage or prohibited income streams. While the core engagement platform is permissible, Muslim investors should monitor the types of prizes and rewards facilitated through the system to ensure the company does not pivot toward gambling or haram sponsorships. Currently, the stock remains a remarkably clean technology play with pristine financial ratios. Versus Systems Inc. operates in the Technology sector under the Software - Application industry and is headquartered in Vancouver, BC, CA. The company is led by CEO Luis Claudio Goldner and employs approximately 5 people.

What screening criteria were used for VS?▾

VS was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. VS passed 4 of these 4 screens.

Does VS require income purification?▾

VS has negligible interest income, so purification may not be necessary. However, it is always advisable to consult a qualified scholar regarding your specific investment situation.

When was VS last screened?▾

VS was last screened on 2026-04-27. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.

Disclaimer

This shariah compliance assessment for VS (Versus Systems Inc.) is provided for informational purposes only and does not constitute financial, investment, or religious advice. Screening criteria are based on widely accepted AAOIFI standards, but individual scholars may differ in their opinions. Always consult with a qualified Islamic scholar and licensed financial advisor before making investment decisions. Past screening status does not guarantee future compliance. Last screened: 2026-04-27.

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