Heineken N.V.

HEINY: Is Heineken N.V. Halal?

Heineken N.V.

OTCConsumer DefensiveNL

$45.92

+1.41%

Market Cap: 51.0B

Compliance Status

Not Halal

Screened on Jul 30, 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).

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%.

43.4% of 30.0% limit

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

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

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 30, 2026

Business Activity Screen

Failed

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

  • Prohibited activity detected: beer

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:

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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 43.4% (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: Jul 30, 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.