Is Boston Beer (SAM) stock halal?
Screened against AAOIFI Shari’ah Standard 21
No. Boston Beer (SAM) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is alcohol (SEC industry code 2082 (Malt Beverages)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 22 September 2026.
Boston Beer 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% | 0.04% | Pass |
| Cash and interest-bearing investments | 30% | 8.52% | Pass |
| Prohibited income | 5% | 1.43% | Pass |
| Not just cash and debts | 90% | 23.50% | Pass |
Key Findings & Observations
- Its main business is alcohol (SEC industry code 2082 (Malt Beverages)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1).Source: Business check
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Frequently Asked Questions about The Boston Beer Company, Inc. (SAM)
Is Boston Beer (SAM) stock halal?▾
No. Boston Beer (SAM) does not pass the AAOIFI Shari’ah Standard 21 screen. Its main business is alcohol (SEC industry code 2082 (Malt Beverages)), which AAOIFI Shari’ah Standard 21 excludes (3/4/1). Last checked 22 September 2026.
What is Boston Beer'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. Boston Beer's ratio is about under 0.1%.
How much dividend purification is required for Boston Beer (SAM) stock?▾
Boston Beer does not pass the screen, so purification does not apply: the standard does not permit holding it.
Does Boston Beer 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. Boston Beer'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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