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).

VinFast Auto Ltd.

VFS: Is VinFast Auto Ltd. Halal?

Not Halal

VinFast Auto Ltd.

NASDAQConsumer CyclicalVN

$3.38

-2.59%

About VinFast Auto Ltd.

VinFast Auto Ltd. engages in the design and manufacture of electric vehicles (EV), e-scooters, and e-buses in Vietnam, Canada, and the United States. The company operates through three segments: namely Car, E-scooters and Ebus. It offers the design, development, manufacturing and sales of e-scooters and related battery lease and battery charging service for cars, e-scooters, and Ebus. The company also offers electric SUV, mini car EV, mid-size pickup electric truck, 7-seater MPV, E-bus, E-scooter, electric bike, and battery technology and solutions. VinFast Auto Ltd. is based in Hai Phong City, Vietnam. VinFast Auto Ltd. operates as a subsidiary of Vingroup Joint Stock Company.

Sector: Consumer Cyclical 路 Industry: Auto - Manufacturers

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 17, 2026
F

Non-Compliant

Fails Shariah screening

0Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Failed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap1507547.4% / 30.0%

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Screened: Jun 17, 2026Fiscal: FY 2025Source: FMP

Financial Overview

Market Cap

7.9B

Price

$3.38

Sector

Consumer Cyclical

Industry

Auto - Manufacturers

Halal Alternatives in Consumer Cyclical

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

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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 1507547.4% (limit 30%); interest-bearing deposits of 150310.4% (limit 30%); prohibited income of 0.34% (limit 5%). 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: Jun 17, 2026.

Screened according to AAOIFI Standard No. 21 路 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.