Is Sapporo Breweries (2501.T) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Sapporo Breweries (2501.T) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is alcohol (Yahoo industry “Beverages - Brewers”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 22 September 2026.
Sapporo Breweries 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% | 33.23% | Review |
| Cash and interest-bearing investments | 30% | 4.26% | Pass |
| Prohibited income | 5% | 0.47% | Pass |
| Not just cash and debts | 90% | 18.35% | Pass |
Key Findings & Observations
- Its main business is alcohol (Yahoo industry “Beverages - Brewers”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1).Source: Business check
- The interest-bearing debt test couldn’t be settled: The figures give 28.6% and 33.2%, on either side of the limit. Includes lease liabilities that may be ordinary rent, which AAOIFI does not count as borrowing.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Sapporo Breweries Limited (2501.T)
Is Sapporo Breweries (2501.T) stock halal?▾
No. Sapporo Breweries (2501.T) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is alcohol (Yahoo industry “Beverages - Brewers”), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 22 September 2026.
What is Sapporo Breweries'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. Sapporo Breweries's ratio is about 33.2%.
How much dividend purification is required for Sapporo Breweries (2501.T) stock?▾
Sapporo Breweries does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Sapporo Breweries 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. Sapporo Breweries'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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