No. As of September 2026, VEON Ltd (VEON.AS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. VEON Ltd does not pass Musaffa's business and financial screening criteria.
VEON Ltd. is a holding company, which engages in the provision of connectivity and internet services. The company is headquartered in Amsterdam, Noord-Holland. The company went IPO on 2010-04-16. The firm offers mobile and fixed-line telecommunications services through a range of traditional and broadband mobile technologies. Mobile telecommunications services are provided under contract and prepaid plans for corporate and consumer segments, as well as value added services. The company also offers fixed-line telecommunication services, such as voice, data, and Internet services, as well as PSTN-fixed and IP telephony, data transmission and network access, domestic and international voice termination, IPLC, and TCP/IP international transit services for corporations, operators, and consumers, as well as sells equipment and accessories, these services are offered in Pakistan, Uzbekistan, Kazakhstan, Ukraine, Bangladesh and Kyrgyzstan. The firm provides its services under the Beeline, Kyivstar, Banglalink and Jazz brands.
VEON Ltd VEON.AS
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VEON.AS Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, VEON Ltd is classified as not halal.
NOT HALAL
Report Source: undefined Quarter Report
VEON Ltd (VEON.AS) Chart
Financial Metrics & Statements of VEON Ltd (VEON.AS)
FAQ's for VEON Ltd (VEON.AS)
As of September 2026, VEON Ltd VEON.AS is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
A stock is Shariah-compliant if the company operates in permissible business activities and meets Islamic financial screening thresholds. Musaffa analyzes VEON Ltd using these criteria to determine its compliance status.
Muslim investors may consider investing in VEON Ltd if it meets Shariah compliance standards. Investors typically review the company’s business activities, debt levels, and non-permissible income before making a decision.
Musaffa determines the Shariah status of VEON Ltd by analyzing whether the company’s core business operations are permissible and whether its financial ratios fall within accepted Islamic thresholds.
The Shariah compliance status of VEON Ltd may be updated periodically when new financial statements, earnings reports, or business activity information become available.
Yes. A stock that is currently Shariah-compliant may become non-compliant if the company’s financial ratios exceed Shariah thresholds or its business activities change.
You can check the latest Shariah compliance status of VEON Ltd on Musaffa’s stock page, where screening results and key financial indicators are updated to help Muslim investors make informed decisions.
Alternate Halal Stocks for VEON Ltd (VEON.AS)
Related Halal Stocks are Shariah-compliant companies that align with Islamic investment principles, avoiding prohibited industries like alcohol, gambling, and interest-based finance.