Is SAM halal?
Boston Beer Company, Inc. (The)
Not halal
Boston Beer Company, Inc. (The) did not pass AAOIFI screening. The failed check is shown below.
Checked: 13 October 2026
Exchange
NYSE
Price
180.82
Day
+0.90%
Market cap
$1.82B
Industry
Beverages - Brewers
Sector
Consumer Defensive
What the company does
Boston Beer Company makes alcoholic beverages: Samuel Adams beer, Twisted Tea, Truly hard seltzer, Angry Orchard cider and Dogfish Head. Money comes from beverage sales through distributors.
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 - Brewers
Interest-bearing debt / market cap
limit 30%
Interest-bearing debt $0 ÷ 36-month average market cap $2.88B = 0.0%
0.0%
Pass
Cash & investments / market cap
limit 30%
Cash + interest-bearing securities $265.55M ÷ 36-month average market cap $2.88B = 9.2%
9.2%
Pass
Non-compliant income / total revenue
limit 5%
Interest income $13.25M ÷ annual revenue $2.01B (2024) = 0.7%
0.7%
Pass
Figures from the company's filings (2026-06-30), 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. Today's market cap: $1.82B.
For information (AAOIFI 3/1 note): cash + receivables are 29.5% of total assets (2026-06-30). 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
Superinvestors
SEC 13F, 2026 Q3. Up to 45 days delayed.Held by 1 superinvestors · Average reported price: $177.03
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- Halal investingBlogWhy a company's cash affects whether its stock is halalLots of cash sounds like a good sign — but halal screening checks it separately. What counts, what doesn't, and where we are stricter than AAOIFI.
- Halal investingBlogAAOIFI Shariah Standard No. 21 in plain languageThe most widely used standard for halal stock screening: the two-step test, the three ratios and how it differs from other methods.
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.