ZW Data Action Technologies Inc.

CNET: Is ZW Data Action Technologies Inc. Halal?

ZW Data Action Technologies Inc.

NASDAQCommunication ServicesHK

$1.41

-0.70%

Market Cap: 5.2M

Compliance Status

Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

C+

Fair

52Score

Is ZW Data Action Technologies Inc. (CNET) halal? Halal. Based on AAOIFI screening, ZW Data Action Technologies Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 52/100 (Grade: C+).

Business activity

What the company sells is permissible.

Passed

Company debt

Well clear of the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

3.4% of 30.0% limit

What this means for you

You can own CNET

It passes both the business activity and financial ratio screens under AAOIFI Standard 21.

Purification amount is Pro

We have screened CNET's prohibited income, but the exact share you would need to purify is part of Pro.

About ZW Data Action Technologies Inc.

ZW Data Action Technologies Inc., operating through its various subsidiaries, offers comprehensive omni-channel advertising solutions, precision marketing strategies, and advanced data analytics management systems across the People's Republic of China. The company delivers online advertising services, personalized marketing campaigns, and associated data insights primarily through its digital platforms, including 28.com and liansuo.com. These portals are designed to empower advertisers by providing tools to establish and expand their sales channels, such as through franchisees, sales agents, distributors, and resellers. In addition, ZW Data is actively engaged in the development and deployment of products and services that utilize blockchain technology. The firm also extends its offerings to include e-commerce online-to-offline (O2O) advertising and marketing, along with related value-added technical support and strategic corporate management services. Originally incorporated as ChinaNet Online Holdings, Inc., the company rebranded to ZW Data Action Technologies Inc. in October 2020. Founded in 2003, it maintains its headquarters in Beijing, People's Republic of China.

Sector: Communication Services · Industry: Advertising Agencies

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Peripheral exposure (still halal, purify this share)
3.0%

Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.

  • Advertising Agencies: estimated 3.0% peripheral exposure (AAOIFI industry average)

Use the Purification Calculator to compute exactly how much of your dividend income to donate.

Compliance History

Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

Tracked since Aug 2026. Updates automatically on each re-screen.

Fiscal: Q2 2026Data source: EDGAR
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Frequently Asked Questions

Is ZW Data Action Technologies Inc. (CNET) halal to invest in?
Based on AAOIFI Standard 21 screening, ZW Data Action Technologies Inc. (CNET) is rated Halal with a compliance grade of C+ (Fair). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did ZW Data Action Technologies Inc. get a C+ compliance rating?
ZW Data Action Technologies Inc. (CNET) received a grade of C+ (Fair) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 3.4% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change ZW Data Action Technologies Inc.'s Shariah verdict?
ZW Data Action Technologies Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is ZW Data Action Technologies Inc. re-screened for Shariah compliance?
ZW Data Action Technologies Inc. (CNET) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Aug 26, 2026.

Screened according to AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.