ABI

Anheuser-Busch InBev (Brussels)

HARAM — SCREEN DOES NOT PASSstock

Is ABI Halal?

Alcohol producer — world's largest brewer is clearly haram.

What You Should Know

AB InBev's audited December 31, 2025 statements report USD 218,808 million of assets, USD 73,013 million of debt, USD 11,638 million of cash and USD 5,406 million of receivables. Debt/assets is 33.37%; alcohol production remains the decisive qualitative fail. ABI is a preserved Brussels ticker alias for the same issuer as BUD, and its current quantitative record reuses the issuer's 2025 annual filing without changing either route.

⚠️ Concerns

  • Beer, spirits and alcohol-beverage production and distribution
  • Debt/assets is 33.37%, just above the examined 33.333% limit
  • Beyond Beer includes spirits-based ready-to-drink products
  • ABI is a legacy issuer alias; the URL is preserved

Current quantitative Sharia screen

Based on 20-F figures for the period ended 2025-12-31; calculated 2026-07-15.

USD · millions
Interest-bearing debt / assets
33.37%Above limit
Below 33.333% under FTSE Yasaar

73,013 / 218,808

Cash + interest-bearing securities / assets
5.53%Within limit
Below 33.333% under FTSE Yasaar

12,105 / 218,808

Receivables + cash / assets
7.79%Within limit
Below 50% under FTSE Yasaar

17,044 / 218,808

Non-compliant income / revenue
0.86%Within limit
No more than 5% under FTSE Yasaar

511 / 59,320

FTSE Yasaar
v4.6, February 2026
Financial
Fails
Overall
Fails

Debt/assets is 33.37%, just above the examined 33.333% limit; the alcohol-business screen also fails.

MSCI Islamic (total-assets series)
October 2024 methodology
Financial
Fails
Overall
Fails

Debt/assets is above the examined MSCI limit and the alcohol-business screen fails.

Malaysia SAC financial ratios
single 5% activity benchmark adopted November 2025
Financial
Fails
Overall
Fails

Debt/assets is above the examined Malaysia limit; this is not an official SAC classification.

Market-cap denominator methods
MSCI M-Series, S&P and Dow Jones methods differ
Financial
Not calculated
Overall
Fails

A licensed historical market-cap series is not stored, but a different denominator cannot cure the failed alcohol-business screen.

Business-activity disclosure

AB InBev is a global brewer and alcohol-beverage company. Alcohol production and sale is the core business and fails the site's qualitative activity screen.

Limitation: Total revenue is used as a conservative core-business proxy; no official Sharia classification is implied.

Purification

Interest income is disclosed, but no fixed purification percentage is prescribed for an issuer whose core business fails the activity screen.

Inputs, assumptions and primary sources
  • Balance-sheet amounts are USD millions from AB InBev's audited December 31, 2025 statements; the issuer's Q1 2026 results reported revenue of USD 15,267 million but did not provide a new consolidated balance sheet.
  • Debt is current and non-current loans and borrowings; current and non-current investment securities total USD 467 million.
  • Trade and other receivables are USD 5,406 million and FY2025 revenue is USD 59,320 million. Interest income is USD 511 million.
  • The ABI route is a legacy Brussels ticker alias for the same issuer as BUD; its URL is preserved while the canonical issuer data is reused.

This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.

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