Not compliant
International Breweries does not pass Shariah screening under the AAOIFI Standard.
NGX: INTBREW · Consumer goods · Screened 1 Sept 2026
International Breweries Plc is part of Anheuser-Busch InBev, the world's largest brewer. It was established in December 1971 and listed on the Nigerian Stock Exchange in 1995. The company brews, packages and markets beer, alcoholic flavoured and non-alcoholic beverages and soft drinks in Nigeria. Its brands include Trophy Lager, Trophy Stout, Hero, Budweiser, Eagle Lager, Eagle Stout, Castle Lite and Flying Fish, alongside the non-alcoholic Beta Malt and Grand Malt. It operates brewing and bottling plants at Ilesa, Ijebu-Ode, Ota and Agbara. In December 2017 AB InBev consolidated Pabod Breweries Limited and Intafact Beverages Limited into its majority ownership of International Breweries Plc, and in 2018 the company commissioned the Gateway Brewery in Sagamu with capacity of close to 2 million hectolitres per year.
Beer and alcoholic beverages, which is the principal business, alongside non-alcoholic malt and soft drinks.
No. As of 1 September 2026, International Breweries (INTBREW) 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.