Compliance Status
Not Halal
Screened on Oct 7, 2026 · AAOIFI Standard 21
Non-Compliant
Is CL Workshop Group Limited (NWGL) halal? Not Halal. Based on AAOIFI screening, CL Workshop Group Limited passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).
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HalalScreener rates CL Workshop Group Limited (NWGL) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 7, 2026. Source: https://halalscreener.app/en/stock/NWGL
Business activity
What the company sells is permissible.
Company debt
Over 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
Most scholars advise not holding NWGL
It does not pass AAOIFI Shariah screening.
See halal alternatives from the same sector further down this page
NWGL: Is CL Workshop Group Limited Halal?
CL Workshop Group Limited
$1.17
Market Cap: 19.4M
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About CL Workshop Group Limited
CL Workshop Group Limited functions as a vertically integrated forestry enterprise, managing the entire timber supply chain. This encompasses upstream activities like sustainable forest management and harvesting, as well as downstream processes including wood product manufacturing and distribution. The company's diverse product range includes untreated logs, decking and flooring materials, sawn timber, various charcoal products (recycled, synthesized, and machine-made), and essential oils. Notably, it also offers IT and business consultancy services. Serving importers, retailers, and industrial processors, CL Workshop Group Limited leverages a robust international sales network that spans Europe, South Asia, South America, North America, and China. The company, founded in 2011 and based in Macau, was previously known as China Nature Wood Industry Group Limited before officially rebranding to Nature Wood Group Limited in September 2022. It operates as a subsidiary under Easy Bliss Limited.
Sector: Basic Materials · Industry: Paper, Lumber & Forest Products
Why this does not pass
- Interest-bearing debt is 31.6% of market cap, over the 30% AAOIFI limit.
Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.
Shariah Compliance Status
See which ratio caused the failure.
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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
Not Halalnow
since Oct 2026
Doubtful
until the change above
Halal
until the change above
Not Halal
until the change above
Tracked since Aug 2026. Updates automatically on each re-screen.
Halal Alternatives in Basic Materials
This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:
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Frequently Asked Questions
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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.