Is IBG halal?
Innovation Beverage Group Limit
Not halal
Innovation Beverage Group Limit did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NASDAQ
Price
0.8101
Day
-4.41%
Market cap
$3.6M
Industry
Beverages - Wineries & Distilleries
Sector
Consumer Defensive
What the company does
Innovation Beverage Group (Australia/US) makes cocktail bitters, liqueurs and spirits under the Australian Bitters brand, sold online (BevMart) and through distributors. Very small.
What was checked
The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.
Business activity
Prohibited activity: Beverages - Wineries & Distilleries
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $802K ÷ current market cap $3.63M = 22.1%
22.1%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $128K ÷ current market cap $3.63M = 3.5%
3.5%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $64K ÷ annual revenue $2.92M (2024) = 2.2%
2.2%
Pass
Figures from the company's filings (2025-12-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.
For information (AAOIFI 3/1 note): cash + receivables are 13.7% of total assets (2025-12-31). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.
In the lists
- In the S&P 500
- Not in the S&P 500
- Held by funds
- Not held by any tracked fund
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Halal is the first question. The second: when to enter?
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This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.