What is Innovation Beverage Group Limited's Shariah compliance score?

Innovation Beverage Group Limited's (IBG) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Innovation Beverage Group Limited pass AAOIFI screening?

Innovation Beverage Group Limited (IBG) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (IBG: 34.5%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Innovation Beverage Group Limited stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Innovation Beverage Group Limited (IBG) using the latest financial data.

Where can I screen Innovation Beverage Group Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Innovation Beverage Group Limited (IBG) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about IBG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

IBG: Is Innovation Beverage Group Limited Halal?

Innovation Beverage Group Limited

NASDAQConsumer DefensiveAU

$0.97

+0.23%

Market Cap: 1.8M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Innovation Beverage Group Limited (IBG) halal? Not Halal. Based on AAOIFI screening, Innovation Beverage Group Limited has involvement in prohibited business activities with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

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%.

34.5% of 30.0% limit

What this means for you

Most scholars advise not holding IBG

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Innovation Beverage Group Limited

Innovation Beverage Group Limited (IBG), established in 2018 and based in Seven Hills, Australia, is dedicated to the development, production, distribution, and international sale of a diverse portfolio of alcoholic and non-alcoholic beverages. Operating across Australia and the United States, the company's offerings span various categories. Its alcoholic range includes bitters from brands like Australian Bitters Company and BitterTales, pre-mixed cocktails marketed under the Twisted Shaker label, light spirits, and mixers. Additionally, IBG produces other spirits such as Australis Gin, VOCO, Cheeky Vodka, Coventry Estate Gin, and Geo Liqueurs. For consumers seeking non-alcoholic options, the company provides a selection of alcohol-free beverages, notably its Drummerboy brand of non-alcoholic spirits. Furthermore, IBG facilitates direct consumer sales through its proprietary e-commerce platforms, including wiredforwine.com, bevmart.com, bevmart.com.au, and drummerboy.com, where it sells its own products alongside a curated assortment of wines and spirits. The company was initially incorporated as Australian Boutique Spirits PTY LTD, subsequently rebranding to Innovation Beverage Group Limited in June 2022.

Sector: Consumer Defensive · Industry: Beverages - Wineries & Distilleries

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Business Activity Screen

Failed

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

Prohibited industry: Beverages - Wineries & Distilleries
Prohibited activity detected: spirits
Prohibited activity detected: distillery

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2024Data source: FMP

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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Teck Guan Perdana Berhad

$1.80

+0.00%

LWAYA+

Lifeway Foods, Inc.

$31.06

+5.72%

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Frequently Asked Questions

Is Innovation Beverage Group Limited (IBG) halal to invest in?

Innovation Beverage Group Limited (IBG) 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 Innovation Beverage Group Limited get a F compliance rating?

Innovation Beverage Group Limited (IBG) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 34.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Innovation Beverage Group Limited's Shariah verdict?

Innovation Beverage Group Limited'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 Innovation Beverage Group Limited re-screened for Shariah compliance?

Innovation Beverage Group Limited (IBG) 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: Aug 26, 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.