VeriSign, Inc

VRSN

Compliant
Exchange
Sector
Headquarters
Group
NASDAQ
Technology
USA
Large Cap

VeriSign, Inc is Shariah Compliant. It passes 3/5 Shariah standards we screen against.

1.2%

Impure Income*

$0.014

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Large Cap
BUY
$314.10
6
6.61%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
67.67%
49.84%
0.00
0.49
7.41%

Shariah Compliance

Debt
7.2%
Non-Compliant Assets
0.32%
Impure Income
1.2%

AAOIFI Rulebook:

  • Non-compliant Liabilities (like Interest-based Debt) < 30% of Market cap
  • Non-compliant Assets (like Interest-based Investments) < 30% of Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: AAOIFI SS21

Debt
8.27%
Impure Income
1.2%

S&P Sharia Rulebook:

  • Interest-based Debt < 33% of 36-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: S&P Shariah Methodology

Debt
8.04%
Impure Income
1.2%

Dow Jones Islamic Market (DJIM) Rulebook:

  • Interest-based Debt < 33% of 24-mo avg. Market cap
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: DJIM Methodology

Debt
100%
Cash
36.75%
Cash & AR
37.62%
Impure Income
1.2%

FTSE Shariah Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 50% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: FTSE RUSSELL

Debt
100%
Cash
36.75%
Cash & AR
37.62%
Impure Income
1.2%

MSCI Islamic Rulebook:

  • Interest-based Debt < 33.33% of Total Assets
  • Cash and interest-bearing items < 33.33% of Total Assets
  • Accounts receivable and cash < 33.33% of Total Assets
  • Impure Revenues (incl. Interest Income) < 5% of Total Revenues

Source: MSCI Islamic Indexes

Impure Income Breakdown

-
-
Interest Income
1.2%

Note on Purification and Zakat:

  • Purification and Zakat (for long-term investing) calculations are in USD per share and based on AAOIFI methodology. AAOIFI requires purification every financial period (e.g. quarterly). 
  • If you follow S&P Shariah’s Dividend-only purification, then remove the impure income % from the dividends you receive. No purification required for non-dividend paying stocks, according to S&P Shariah.
  • For Zakat, if you did not invest in a company from a long term perspective, then consider the shares as trading goods and give 2.5% of the total value if a year has passed on them. 

Company Profile

VeriSign, Inc. is a provider of critical internet infrastructure and domain name registry services, enabling internet navigation for various domain names. The Company helps to enable the security, stability, and resiliency of the domain name system (DNS) and the Internet by providing root zone maintainer services, operating two of the 13 global Internet root servers, and providing registration services and authoritative resolution. It operates the authoritative directory for all .com, .net, and .name domain names (generic top-level domains or gTLDs), as well as for certain transliterations of .com and .net in a number of different native languages and scripts (internationalized). It also operates the authoritative directory for all .cc domain names (country code top-level domain or ccTLD). The Company operates the technical or back-end systems for the .edu top-level domain. Its operations infrastructure includes distributed servers, networking, and disaster recovery plans.