Is Innovation Beverage Group Ltd (IBG) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | Excluded — Beverages - Wineries & Distilleries | ✗ NOT HALAL | |||
| DJIM | Excluded — Beverages - Wineries & Distilleries | ✗ NOT HALAL | |||
| MSCI | Excluded — Beverages - Wineries & Distilleries | ✗ NOT HALAL | |||
| S&P | Excluded — Beverages - Wineries & Distilleries | ✗ NOT HALAL | |||
| FTSE | Excluded — Beverages - Wineries & Distilleries | ✗ NOT HALAL | |||
Financial Highlights
Profitability
| Gross Margin | 76.1% | |
| Operating Margin | -122.0% | |
| Net Margin | -87.7% | |
| Return on Equity (ROE) | -159.3% | |
| Return on Assets (ROA) | -32.7% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$2M |
| Free Cash Flow | -$2M |
| Total Debt | $605,950 |
| Debt-to-Equity | 26.9 |
| Current Ratio | 1.1 |
| Total Assets | $5M |
Price & Trading
| Last Close | $1.11 |
| 50-Day MA | $3.67 |
| 200-Day MA | $11.49 |
| Avg Volume | 598K |
|
52-Week Range
$0.94
| |
About Innovation Beverage Group Ltd (IBG)
Innovation Beverage Group, together with its subsidiaries, engages in developing, manufacturing, selling, and exporting alcoholic beverages in Australia and the United States. The company offers bitters under the Australian Bitters Company and BitterTales brands; bottled cocktails under the Twisted Shaker brand; light spirits; and mixers. It also provides non-alcoholic beverages; non-alcoholic spirits under the Drummerboy brands; and other alcoholic beverages under the Australis Gin, VOCO, Cheeky Vodka, Coventry Estate Gin, and Geo Liqueurs brands. In addition, the company retails wines and spirits, as well as its other products, through its online marketplaces consisting of www.wiredforwine.com, www.bevmart.com, www.bevmart.com.au, and www.drummerboy.com. The company was formerly known as Australian Boutique Spirits PTY LTD and changed its name to Innovation Beverage Group Limited in June 2022. Innovation Beverage Group was incorporated in 2018 and is based in Seven Hills, Australia.
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Frequently Asked Questions
Is Innovation Beverage Group Ltd (IBG) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), Innovation Beverage Group Ltd is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is Innovation Beverage Group Ltd's debt ratio?
Innovation Beverage Group Ltd's debt ratio is not available under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%.
What are Innovation Beverage Group Ltd's key financial metrics?
Innovation Beverage Group Ltd has a market capitalization of $2M, and revenue of $3M. The company maintains a gross margin of 76.1% and a net margin of -87.7%. Return on equity stands at -159.3%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.