Is Corby Spirit and Wine (CSW.A) halal?
Corby Spirit and Wine Limited (TSX: CSW.A) is a manufacturer, marketer, and importer of spirits, wines, and ready-to-drink cocktails — beverage alcohol is its entire core business — so it fails the business-activity gate: FAIL.
The two-gate Shariah screen
Every screener on this site runs the same two gates: first, the business must be halal (no conventional insurance, banking, alcohol, gambling, weapons manufacturing, and the like); second, the financial ratios must clear (debt under roughly 33% of market cap, non-compliant income under roughly 5%).
Gate one: the business — beverage alcohol is the core business
Corby describes itself as 'a leading Canadian manufacturer, marketer and importer of spirits, wines and ready-to-drink cocktails.' It earns revenue from selling its owned brands — 'Case Goods' such as J.P. Wiser's Canadian whisky, Lamb's rum, Polar Ice vodka, McGuinness liqueurs, and Ungava gin — and from commissions representing international brands in Canada, including ABSOLUT, Chivas Regal, Jameson, Malibu, Kahlúa, Mumm, and Jacob's Creek. Its voting Class A shares are majority-owned by Hiram Walker & Sons Limited, a wholly owned subsidiary of Pernod Ricard S.A. Beverage-alcohol production and sale is a prohibited sector under Shariah screening — screening stops at gate one.
Gate two: the ratios — moot, but the debt figure is disclosed for context
Screening stops at gate one, so the ratios cannot change the outcome — but the figures are disclosed for completeness. Corby reported annual revenue of CAD 271.65 million for the fiscal year ended June 30, 2026 (CAD 238.87 million Case Goods, CAD 29.38 million Commissions, CAD 3.4 million Other Services) — owned beverage-alcohol sales alone are about 87.9% of revenue. Total debt of CAD 105.27 million is about 24.5% of the ~CAD 430.4 million market cap (28,468,856 shares at the C$15.12 close on September 28, 2026) — that ratio would pass, but it is moot. Interest income is not separately disclosed in available sources, so it is not scored.
What other screeners say
No coverage pages for CSW.A could be verified on Zoya, Musaffa, or ShariaPortfolio as of September 29, 2026 — Zoya's indexed public pages skew US-listed, and targeted searches of Musaffa and ShariaPortfolio found nothing for Corby. There is no third-party rating to cite; this screener rests on the company's own filings and reported figures.
The bottom line
This screener gives Corby Spirit and Wine Limited (TSX: CSW.A) a FAIL. Manufacturing, marketing, and importing beverage alcohol fails the business-activity gate at step one. The debt ratio passes (about 24.5% of market cap), and no banking, insurance, gambling, or weapons involvement is disclosed — the failure is the alcohol business itself. Snapshot dated September 29, 2026; re-checked quarterly after earnings.
Sources
Frequently asked questions
Is Corby Spirit and Wine stock halal?
No — Corby Spirit and Wine Limited (TSX: CSW.A) fails the business-activity gate. The company describes itself as 'a leading Canadian manufacturer, marketer and importer of spirits, wines and ready-to-drink cocktails' — beverage alcohol is its entire core business, which is a prohibited sector under Shariah screening. The debt ratio (about 24.5% of market cap) passes, but screening stops at gate one. None of Zoya, Musaffa, or ShariaPortfolio cover CSW.A. Consult a qualified scholar.
What does Corby Spirit and Wine do?
Corby describes itself as 'a leading Canadian manufacturer, marketer and importer of spirits, wines and ready-to-drink cocktails.' It earns revenue from selling its owned brands — 'Case Goods' such as J.P. Wiser's Canadian whisky, Lamb's rum, Polar Ice vodka, McGuinness liqueurs, and Ungava gin — and from commissions representing international brands in Canada, including ABSOLUT, Chivas Regal, Jameson, Malibu, Kahlúa, Mumm, and Jacob's Creek. Its voting Class A shares are majority-owned by Hiram Walker & Sons Limited, a wholly owned subsidiary of Pernod Ricard S.A.
How much revenue did Corby report in its latest year?
Corby reported annual revenue of CAD 271.65 million for the fiscal year ended June 30, 2026: CAD 238.87 million from Case Goods (owned-brand sales), CAD 29.38 million from Commissions (representing international brands), and CAD 3.4 million from Other Services. Owned beverage-alcohol sales alone are about 87.9% of revenue.
Why did Corby fail the Shariah screening?
At the first screen — business activity — Corby's core business is producing, marketing, and importing alcoholic beverages, a prohibited sector. Screening stops there: the debt and income ratio checks do not change the outcome. For context, the debt ratio would pass (total debt of CAD 105.27 million is about 24.5% of the ~CAD 430.4 million market cap), and interest income is not separately disclosed in available sources — both are moot given the business-activity failure.
What do Zoya, Musaffa, and ShariaPortfolio say about CSW.A?
No coverage pages for CSW.A could be verified on any of the three services as of September 29, 2026 — Zoya's indexed public pages skew US-listed, and targeted searches of Musaffa and ShariaPortfolio found nothing for Corby. There is no third-party rating to cite for this stock; this screener rests on the company's own filings and reported figures.