HEINYNot HalalF
Unlock full report, free
Heineken N.V.

HEINY: Is Heineken N.V. Halal?

Heineken N.V.

OTCConsumer DefensiveNL

$40.79

Price as of Sep 14, 2026

Market Cap: 45.3B

Screened on a market cap of 39.0B

Compliance Status

Not Halal

Screened on Sep 14, 2026 · AAOIFI Standard 21

F

Non-Compliant

0Score

Is Heineken N.V. (HEINY) halal? Not Halal. Based on AAOIFI screening, Heineken N.V. has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Heineken N.V. (HEINY) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Sep 14, 2026. Source: https://halalscreener.app/en/stock/HEINY

Business activity

Involved in prohibited business activities.

Failed

Company debt

Over the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

49.4% of 30.0% limit
PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding HEINY

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

Get an email if HEINY's halal status changes

We re-screen Heineken N.V. daily. If the verdict moves, you hear about it the same day.

Free. One click sets it up, and you can unsubscribe any time.

About Heineken N.V.

Heineken N.V. specializes in the production and global distribution of alcoholic beverages, primarily beer and cider, supplemented by non-alcoholic options such as soft drinks and water. The company boasts an extensive portfolio of beer labels, featuring globally recognized names like Heineken, Amstel, Desperados, and Tiger, alongside numerous regional and local selections. Its cider offerings include popular brands such as Strongbow Apple Ciders, Bulmers, and Old Mout. This wide array of products is supplied to a diverse clientele, including retailers, bars, pubs, hotels, and restaurants throughout Europe, the Americas, Africa, the Middle East, Eastern Europe, and the Asia Pacific markets. Founded in Amsterdam, the Netherlands, in 1864, Heineken N.V. operates as a subsidiary of Heineken Holding N.V.

Sector: Consumer Defensive · Industry: Beverages - Alcoholic

Why this does not pass

  • Business activity: the company earns from an activity AAOIFI treats as prohibited.
  • Interest-bearing debt is 49.4% of market cap, over the 30% AAOIFI limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Sep 14, 2026

See which ratio caused the failure.

See the exact debt ratio, interest income %, and prohibited revenue that caused the failure. Know before you sell or hold.

Free for 7 days. Cancel anytime.

AI Compliance Insight

PRO

Institutional-grade Shariah analysis

See why HEINY is rated Not Halal with institutional-grade analysis

Business Activity Screen

Failed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

  • Prohibited industry: Beverages - Alcoholic
  • Prohibited activity detected: beer
PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

Screened according to AAOIFI Standard 21

Compliance History

Not Halal, unchanged since Jun 2026.

No status changes recorded since we began tracking.

Tracked since Jun 2026. Updates automatically on each re-screen.

Fiscal: FY 2025Data source: FMP-ADR

Halal Alternatives in Consumer Defensive

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

Free · No credit card required

Track HEINY and 8,200+ stocks with AI insights

Create your free account to unlock AI-powered compliance analysis, track your portfolio, calculate purification, and get unlimited AAOIFI screening.

8,200+ assets AAOIFI standards Free watchlist

Frequently Asked Questions

Is Heineken N.V. (HEINY) halal to invest in?
Heineken N.V. (HEINY) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.
Why did Heineken N.V. get a F compliance rating?
Heineken N.V. (HEINY) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 49.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Heineken N.V.'s Shariah verdict?
Heineken N.V.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Heineken N.V. re-screened for Shariah compliance?
Heineken N.V. (HEINY) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Sep 14, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.