Compliance Status
Not Halal
Screened on Oct 8, 2026 · AAOIFI Standard 21
Non-Compliant
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).
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HalalScreener rates Innovation Beverage Group Limited (IBG) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/IBG
Business activity
Involved in prohibited business activities.
Company debt
Over the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
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 IBG
It does not pass AAOIFI Shariah screening.
See halal alternatives from the same sector further down this page
IBG: Is Innovation Beverage Group Limited Halal?
Innovation Beverage Group Limited
$0.88
Market Cap: 1.6M
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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
Why this does not pass
- Business activity: the company earns from an activity AAOIFI treats as prohibited.
- Interest-bearing debt is 51.6% 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
See which ratio caused the failure.
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AI Compliance Insight
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Business Activity Screen
FailedChecks 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
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 Aug 2026.
No status changes recorded since we began tracking.
Tracked since Aug 2026. Updates automatically on each re-screen.
Halal Alternatives in Consumer Defensive
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Frequently Asked Questions
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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.