Largo Physical Vanadium Corp (Vancouver)

VAND.V

Not Compliant
Exchange
Sector
Headquarters
Group
TSX
Energy
Canada
Micro Cap

Largo Physical Vanadium Corp (Vancouver) is not Shariah Compliant because it fails the financial ratios.

50%

Impure Income*

$0.000

Purification*

-

Zakat*

Financials

Market cap Group
Analysts' Rating
Price Target (Mean)
Total Analysts
Revenue Growth
Micro Cap
-99.92%
Operating Margin
Net Profit Margin
Quick Ratio
Current Ratio
EPS Growth
-15456.66%
-6232.24%
0.40

Shariah Compliance

  • Updated on September 22, 2026
Debt
✓
Non-Compliant Assets
✓
Impure Income
50%
✗

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
✓
Impure Income
50%
✗

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
✓
Impure Income
50%
✗

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
✓
Cash
3.91%
✓
Cash & AR
3.91%
✓
Impure Income
50%
✗

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
✓
Cash
3.91%
✓
Cash & AR
3.91%
✓
Impure Income
50%
✗

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
50%

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

Largo Physical Vanadium Corp. is a Canada-based vanadium holding company. The Company provides a secure, convenient, and exchange-traded investment alternative for investors interested in having direct exposure to physical vanadium, which is essential to achieve a greener world in key industries such as steel, aerospace, and energy storage. It is non-degrading and fully recyclable when used as electrolyte in vanadium redox flow batteries (VRFBs) and offers carbon reducing attributes when used in steel alloying applications. It is a transition metal used in greener steel and energy storage applications, such as Vanadium batteries, Low carbon steel, and High efficiency aerospace. Its Vanadium batteries are used for grid storage solutions and for long duration energy storage. Its Low carbon steel is used for the utilization of lower carbon steel.

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