Is Jiangsu Yanghe Distillery (002304.SZ) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Jiangsu Yanghe Distillery (002304.SZ) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is alcohol (Yahoo industry “Beverages - Wineries & Distilleries”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 27 September 2026.
Jiangsu Yanghe Distillery is not compliant under Halal / Islamic guidelines
AAOIFI Shari’ah Standard 21 Financial Audit
Figures from the latest annual report (the SEC filing or, for European companies, the ESEF annual report, where one exists, checked against Yahoo Finance) and a 36-month average market value.
| Test | Standard Limit | Actual Figure | Status |
|---|---|---|---|
| Main business | — | — | Fail |
| Interest-bearing debt | 30% | 0.13% | Pass |
| Cash and interest-bearing investments | 30% | 19.01% | Pass |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | 35.10% | Pass |
Key Findings & Observations
- Its main business is alcohol (Yahoo industry “Beverages - Wineries & Distilleries”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1).Source: Business check
- Its business description mentions alcohol, but it doesn’t report how much of its revenue that is.Source: Business check
- The prohibited income test couldn’t be settled: The share of revenue from alcohol isn’t reported.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Jiangsu Yanghe Distillery Co., Ltd. (002304.SZ)
Is Jiangsu Yanghe Distillery (002304.SZ) stock halal?▾
No. Jiangsu Yanghe Distillery (002304.SZ) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is alcohol (Yahoo industry “Beverages - Wineries & Distilleries”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 27 September 2026.
What is Jiangsu Yanghe Distillery's debt ratio under Islamic finance standards?▾
Under AAOIFI Shari’ah Standard 21, interest-bearing debt must stay under 30% of a company's 36-month average market value. Jiangsu Yanghe Distillery's ratio is about 0.1%.
How much dividend purification is required for Jiangsu Yanghe Distillery (002304.SZ) stock?▾
Jiangsu Yanghe Distillery does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Jiangsu Yanghe Distillery operate in prohibited business activities?▾
AAOIFI Shari’ah Standard 21 excludes companies whose main business is prohibited, such as alcohol, pork, gambling, conventional interest-based finance and adult entertainment. Jiangsu Yanghe Distillery's main business is checked against these. For companies that file with the US SEC, revenue by division is also read from the filing, so a division in a prohibited business is counted. Where the check cannot be settled, the result is shown as Needs Review rather than guessed.
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