
CTW: Is CTW Cayman Class A Ordinary Shares Halal?
CTW Cayman Class A Ordinary Shares
$2.85
+4.40%
Market Cap: 177.8M
Compliance Status
Halal
Screened on Aug 26, 2026 · AAOIFI Standard 21
Good
Is CTW Cayman Class A Ordinary Shares (CTW) halal? Halal. Based on AAOIFI screening, CTW Cayman Class A Ordinary Shares passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 73/100 (Grade: B+).
Business activity
What the company sells is permissible.
Company debt
Well clear of the limitHow much the company borrows, compared to its total value. AAOIFI allows up to 30%.
What this means for you
You can own CTW
It passes both the business activity and financial ratio screens under AAOIFI Standard 21.
Purification amount is Pro
We have screened CTW's prohibited income, but the exact share you would need to purify is part of Pro.
About CTW Cayman Class A Ordinary Shares
CTW Cayman Class A Ordinary Shares (CTW) manages an online gaming platform, primarily serving users in Japan and Singapore. Its flagship offering, G123.jp, is an HTML5-powered portal that delivers free-to-play games. This innovative approach eliminates common hurdles such as downloads, installations, and mandatory sign-ups, guaranteeing fluid, immediate access for a global player base across diverse devices, extending beyond traditional PCs to include mobile platforms. Beyond its core platform, CTW Cayman offers a comprehensive suite of services. These include licensing intellectual property for game creation, digital game publishing, development assistance, marketing and advertising solutions, and dedicated customer support. The firm also maintains in-house art and design teams, alongside dedicated research and development centers. Established in 2013, the company's operations are headquartered in Tokyo, Japan, and it functions as a subsidiary entity under CTW (BVI) LTD.
Sector: Technology · Industry: Electronic Gaming & Multimedia
Shariah Compliance Status
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Primary business is permissible. AAOIFI allows up to 5% revenue from incidental non-compliant sources, provided the share is purified.
- •Electronic Gaming & Multimedia: 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.
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Frequently Asked Questions
Is CTW Cayman Class A Ordinary Shares (CTW) halal to invest in?
Why did CTW Cayman Class A Ordinary Shares get a B+ compliance rating?
What could change CTW Cayman Class A Ordinary Shares's Shariah verdict?
How often is CTW Cayman Class A Ordinary Shares re-screened for Shariah compliance?
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.