Not compliant
Guinness Nigeria does not pass Shariah screening under the AAOIFI Standard.
NGX: GUINNESS · Breweries · Screened 1 Sept 2026
Guinness Nigeria Plc brews and distributes beverages in Nigeria and describes itself as the country's only Total Beverage Alcohol business, spanning stout, spirits and ready-to-drink formats alongside non-alcoholic malt. Its brands include Guinness Foreign Extra Stout, Malta Guinness and Smirnoff Ice, produced under long-term licence and royalty agreements with Diageo. It operates breweries at Ogba, Benin and Aba, the last of which also serves as a logistics centre, and holds distribution agreements to export products to the United Kingdom and South Africa. In 2024 Tolaram Group acquired Diageo's 58.02% majority shareholding, taking Tolaram's stake to 70.86%. For the 18-month period ended 31 December 2025 revenue was N730.8 billion, up 144%, with gross profit up 152% to N230.5 billion, operating profit up 251% to N89.3 billion and net profit of N41.2 billion against a N54.8 billion loss in the prior 12-month period.
Alcoholic beverages including stout, spirits and ready-to-drink products, alongside non-alcoholic malt drinks. FY2025 covered an extended 18-month reporting period with revenue of N730.8 billion.
No. As of 1 September 2026, Guinness Nigeria (GUINNESS) does not pass Shariah screening under the AAOIFI Standard.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.