Compliance Status
Halal
Screened on Oct 5, 2026 · AAOIFI Standard 21
Very 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 80/100 (Grade: A).
Quote this verdict
HalalScreener rates CTW Cayman Class A Ordinary Shares (CTW) Halal, 80/100, grade A under AAOIFI Standard 21, screened Oct 5, 2026. Source: https://halalscreener.app/en/stock/CTW
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%.
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
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.

CTW: Is CTW Cayman Class A Ordinary Shares Halal?
CTW Cayman Class A Ordinary Shares
$2.30
Market Cap: 143.5M
Screened on a market cap of 126.7M
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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
Want to check the math yourself?
The verdict above is final and free. Pro members can verify every ratio behind it: interest-bearing deposits, prohibited income breakdown, and the full math.
AI Compliance Insight
PROInstitutional-grade Shariah analysis
See why CTW is rated Halal with institutional-grade analysis
Business Activity Screen
PassedChecks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)
Source: the company's Form 20-F for the fiscal year ended 2025-07-31, which names no revenue from a prohibited activity. View its filings on SEC EDGAR
The verdict above is final and free.
Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.
Screened according to AAOIFI Standard 21
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?
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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.