Is Ambev (ABEV) stock Halal?
Ambev S.A. is a prominent beverage company headquartered in São Paulo, Brazil, engaged primarily in the production and distribution of alcoholic and non-alcoholic drinks. The company's portfolio includes a diverse array of products such as beers, soft drinks, and bottled water. Notably, Ambev is renowned for its beer brands, which include popular names like Brahma, Skol, Antarctica, and Bohemia, establishing a significant presence in the Latin American market. For Muslim investors, though, the most pressing question is simpler: is Ambev a Halal investment?
Is Ambev Shariah compliant?
Food, household goods and everyday retail are permissible activities, with one watch item: incidental revenue from alcohol, tobacco or conventional financial services must stay below the 5% ceiling of AAOIFI Shariah Standard No. 21. For Ambev, that is usually the screen worth reading first.
Does Ambev pass the business activity test?
The activity screen is only part of the picture this month: Ambev currently fails the non-permissible income screen, so the overall verdict is not compliant regardless of the business itself. The watch item is the product mix: any alcohol, tobacco or similar lines count against the 5% ceiling.
Is Ambev's income Halal?
No. Ambev's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does Ambev meet AAOIFI's debt and investment ratio requirements?
Yes. Both caps hold this month: interest bearing investments and interest bearing debt each stay below 30% of market capitalisation. Because the caps move with the share price, our Shariah Supervisory Board has ABEV re-screened every month, and the result above always shows the latest verdict.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read What is Halal Investing? A Guide to Halal Stocks and Islamic Finance



