Is Village Farms (VFF) halal?
Village Farms (TSX/Nasdaq: VFF), now principally a cannabis company, gets a FAIL: cannabis is 83.7% of Q2 2026 revenue (90.4% in H1 2026), so the business gate fails - the debt and income ratios would pass but are moot.
The two-gate Shariah screen
Every screener on this site runs the same two gates: first, the business must be halal (no conventional insurance, banking, alcohol, gambling, weapons manufacturing, and the like); second, the financial ratios must clear (debt under roughly 33% of market cap, non-compliant income under roughly 5%).
Gate one: the business — FAILED
Village Farms International Inc. (TSX and Nasdaq: VFF), headquartered in Lake Mary, Florida with its main production campus in Delta, British Columbia, describes itself as a global leader in cannabis, plant-based consumer packaged goods, and sustainable innovation. It privatized its legacy produce business in 2025 and is now principally a cannabis company. Its Q2 2026 revenue composition: cannabis sales of US$53.523M out of US$63.977M total revenue (83.7%) - Canadian branded and non-branded, international medical exports, Netherlands operations, and US hemp/CBD - against residual produce sales of US$10.185M (15.9%) and clean energy of US$0.269M (0.4%). For H1 2026, cannabis was US$103.267M of US$114.215M total revenue (90.4%). Cannabis is the disclosed core identity and revenue driver - the Q2 2026 release calls the company a global cannabis enterprise - so the business-activity gate fails. Facts only, no fatwa.
Gate two: the ratios — PASSED (moot — business gate fails)
The ratios gate would pass, but it is moot because the business gate fails first. Debt: the Q2 2026 balance sheet (June 30, 2026) shows current maturities of long-term debt of US$5.249M, long-term debt of US$34.713M, and lease liabilities of US$6.227M, for total interest-bearing debt of US$46.189M. Against a market capitalization of about US$385.3M (Finnhub, September 29, 2026), that is roughly 12.0% debt-to-market-cap - under the ~33% ceiling. Income: interest income was US$0.343M on revenue of US$63.977M in Q2 2026 - about 0.54%, under the ~5% ceiling; H1 2026 was US$0.951M on US$114.215M (about 0.83%), and audited FY2025 was US$1.163M on US$215.937M (about 0.54%). Both gates pass numerically but cannot change the screening result once the business-activity gate fails. All figures recomputed from the cited sources; Village Farms reports in US dollars.
What other screeners say
No public Zoya, Musaffa or ShariaPortfolio coverage was found for Village Farms (VFF) as of September 2026: no public Zoya page is indexed for the ticker, site-scoped Musaffa searches returned nothing, and ShariaPortfolio publishes no public per-stock screening pages for it. The FAIL recorded here rests on the company own disclosures.
The bottom line
Village Farms (VFF) is a FAIL: cannabis is the company core business - 83.7% of Q2 2026 revenue and 90.4% of H1 2026 revenue came from the cannabis segment (Pure Sunfarms, Rose LifeScience, Netherlands operations, US hemp/CBD) - so the business gate fails. The ratios would pass (debt about 12% of market cap; interest income about 0.54% of Q2 2026 revenue), but they are moot because the business gate fails first. No public Zoya, Musaffa or ShariaPortfolio rating was found for this ticker as of September 2026. As with every screener here, this is a rules-based screening of published figures, not a religious ruling - consult a qualified scholar for personal guidance.
Sources
- Village Farms Q2 2026 earnings release (marketwire; interest income and revenue composition)
- Village Farms FY2025 earnings release (globenewswire; audited revenue and interest income)
- VFF market cap and price, September 29, 2026 (finnhub)
Frequently asked questions
Is Village Farms stock halal?
Based on this screener AAOIFI-style checks, Village Farms fails: cannabis is the company core business - 83.7% of Q2 2026 revenue and 90.4% of H1 2026 revenue - so the business gate fails. The ratios would pass (debt about 12% of market cap; interest income about 0.54% of revenue), but they are moot. This is a screening result, not investment advice or a religious ruling.
How much of Village Farms revenue comes from cannabis?
Cannabis: US$53.523M of US$63.977M total revenue in Q2 2026 (83.7%), and US$103.267M of US$114.215M in H1 2026 (90.4%) - from Pure Sunfarms, Rose LifeScience, Netherlands operations, and US hemp/CBD. The company calls itself a global cannabis enterprise, so the business-activity gate fails.
What are Village Farms debt and interest income ratios?
Low ratios: total interest-bearing debt of US$46.189M (current maturities US$5.249M plus long-term debt US$34.713M plus lease liabilities US$6.227M) at June 30, 2026 against a market cap of about US$385.3M (September 29, 2026) is about 12.0% - under the ~33% ceiling. Interest income was US$0.343M on revenue of US$63.977M in Q2 2026 (about 0.54%), under the ~5% ceiling. Both pass but are moot because the business gate fails first.
What does Village Farms do?
Village Farms International Inc. (TSX and Nasdaq: VFF) is principally a cannabis company - Pure Sunfarms, Rose LifeScience, Netherlands cannabis operations, and US hemp/CBD - with residual greenhouse produce and clean energy operations.
Do Zoya, Musaffa, or ShariaPortfolio rate Village Farms?
No public coverage was found as of September 2026: no public Zoya page for the ticker, no Musaffa public page, and ShariaPortfolio publishes no public per-stock screening pages for it. The FAIL recorded here rests on the company own disclosures.