SBEV
Quality Rating
Splash Beverage Group, Inc. (SBEV) is a beverage company primarily involved in the distribution of alcoholic and non-alcoholic products. This report assesses its Shariah compliance across financial, business activity, ESG, and multi-perspective criteria. The company fails core business activity screening due to involvement in alcohol distribution, a prohibited activity under Islamic principles. Financial ratios show excessive debt and interest income, failing all major thresholds. Exclusion from all Shariah indices confirms non-compliance, with recommendations for purification if any dividends are received, though core haram activity limits investability.
Purification Required
Significant purification required - exercise caution
Index Inclusion
Not included in any major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Core business activity: Alcohol distribution (100% revenue from non-permissible sector)
- Debt ratio: 114.95% exceeds AAOIFI 30% and other thresholds
- Interest income ratio: 185.56% exceeds 5% threshold across standards
Debt Ratio
115.0%
Liquidity Ratio
0.0%
Interest Income Ratio
185.6%
Purification
100.00%