Is Vision Marine Technologies Inc. (VMAR) Halal?
Shariah Screening — 5 Standards
Based on financial data from August 2025
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 1956.1% / 30% | 311.4% / 30% | 458.0% / 30% | 1.13% / 5% | ✗ NOT HALAL |
| DJIM | 1956.1% / 33% | 311.4% / 33% | 458.0% / 33% | 1.13% / 5% | ✗ NOT HALAL |
| MSCI | 66.6% / 33% | 10.6% / 33% | 15.6% / 33% | 1.13% / 5% | ✗ NOT HALAL |
| S&P | 1956.1% / 33% | 311.4% / 33% | 458.0% / 33% | 1.13% / 5% | ✗ NOT HALAL |
| FTSE | 66.6% / 33% | 10.6% / 33% | 15.6% / 50% | 1.13% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 30.6% | |
| Operating Margin | -20.1% | |
| Net Margin | -84.4% | |
| Return on Equity (ROE) | -461.0% | |
| Return on Assets (ROA) | -20.5% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$9M |
| Free Cash Flow | -$9M |
| Total Debt | $47M |
| Debt-to-Equity | 811.2 |
| Current Ratio | 1.1 |
| Total Assets | $70M |
Price & Trading
| Last Close | $2.02 |
| 50-Day MA | $2.97 |
| 200-Day MA | $81.96 |
| Avg Volume | 127K |
| Beta | 0.4 |
|
52-Week Range
$1.89
| |
About Vision Marine Technologies Inc. (VMAR)
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.
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Frequently Asked Questions
Is Vision Marine Technologies Inc. (VMAR) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Vision Marine Technologies Inc. is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Vision Marine Technologies Inc.'s debt ratio?
Vision Marine Technologies Inc.'s debt ratio is 1956.1% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 66.6%.
What are Vision Marine Technologies Inc.'s key financial metrics?
Vision Marine Technologies Inc. has a market capitalization of $2M, and revenue of $14M. The company maintains a gross margin of 30.6% and a net margin of -84.4%. Return on equity stands at -461.0%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.