Is Asahi Group Holdings (2502.T) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Asahi Group Holdings (2502.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.
Asahi Group Holdings 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% | — | Review |
| Cash and interest-bearing investments | 30% | — | Review |
| Prohibited income | 5% | — | Review |
| Not just cash and debts | 90% | — | Review |
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
- Its business description mentions alcohol, but it doesn’t report how much of its revenue that is.Source: Business check
- The interest-bearing debt test couldn’t be settled: No annual report figures were found.Source: AAOIFI Shari'ah Standard 21
- The cash and interest-bearing investments test couldn’t be settled: No annual report figures were found.Source: AAOIFI Shari'ah Standard 21
- The prohibited income test couldn’t be settled: No annual report figures were found.Source: AAOIFI Shari'ah Standard 21
- The not just cash and debts test couldn’t be settled: No annual report figures were found.Source: AAOIFI Shari'ah Standard 21
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Frequently Asked Questions about Asahi Group Holdings, Ltd. (2502.T)
Is Asahi Group Holdings (2502.T) stock halal?▾
No. Asahi Group Holdings (2502.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 Asahi Group Holdings'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. Asahi Group Holdings's debt figure could not be confirmed from its latest annual report, so this test needs review.
How much dividend purification is required for Asahi Group Holdings (2502.T) stock?▾
Asahi Group Holdings does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Asahi Group Holdings 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. Asahi Group Holdings'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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