AMALY — SHARIAH COMPLIANCE REPORT
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Symbol: SBEV
Report Date: 2026-04-13
Full Report: https://amaly.io/stock/SBEV

EXECUTIVE SUMMARY
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Compliance Status: NON_COMPLIANT
Quality Rating: B
Description: 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.

Primary Compliance Concerns:
- 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

Purification Requirement: 100%
Index Inclusion: Not included in any major Shariah-compliant indices (S&P, MSCI, FTSE, DJIM)

KEY FINANCIAL METRICS
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Debt Ratio: 115.0%
Liquidity Ratio: 0.0%
Interest Income Ratio: 185.6%
Purification Required: 100.00%

INDEX INCLUSION STATUS
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S&P Shariah: EXCLUDED
MSCI Islamic: EXCLUDED
DJIM: EXCLUDED
FTSE Shariah: EXCLUDED
Total: 0 of 4
Last Verified: 2026-01-15

REPORTING PERIOD
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Latest Annual Report: FY 2025
Latest Quarterly Data: Q4 2025
Trend Period: FY 2020 to FY 2025
Data Retrieved: 2026-02-16T12:00:00Z

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Full interactive report: https://amaly.io/stock/SBEV
Provided by Amaly (https://amaly.io) — Shariah Compliant Stock Screener
Disclaimer: This data is for informational purposes only and does not constitute financial or religious advice.