What is CL Workshop Group Limited's Shariah compliance score?

CL Workshop Group Limited's (NWGL) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does CL Workshop Group Limited pass AAOIFI screening?

CL Workshop Group Limited (NWGL) does not pass AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (NWGL: 57.5%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for CL Workshop Group Limited stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for CL Workshop Group Limited (NWGL) using the latest financial data.

Where can I screen CL Workshop Group Limited for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for CL Workshop Group Limited (NWGL) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about NWGL's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

NWGL: Is CL Workshop Group Limited Halal?

CL Workshop Group Limited

NASDAQBasic MaterialsCN

$0.67

+9.32%

Market Cap: 11.1M

Compliance Status

Not Halal

Screened on Aug 26, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

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).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

57.5% of 30.0% limit

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

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

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 26, 2026

Compliance History

Not Halal, unchanged since Aug 2026.

No status changes recorded since we began tracking.

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

Fiscal: FY 2025Data source: FMP

Halal Alternatives in Basic Materials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

THMA+

International Tower Hill Mines Ltd.

$2.01

+1.01%

0205.KLA+

DPI Holdings Berhad

$0.11

+0.00%

0379.KLA+

PMW International Berhad

$0.25

+0.06%

0381.KLA+

Polymer Link Holdings Berhad

$0.21

+0.02%

0385.KLA+

BMS

$0.14

+0.00%

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DuPont de Nemours, Inc.

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DOW

Dow Inc.

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Frequently Asked Questions

Is CL Workshop Group Limited (NWGL) halal to invest in?

CL Workshop Group Limited (NWGL) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did CL Workshop Group Limited get a F compliance rating?

CL Workshop Group Limited (NWGL) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 57.5% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change CL Workshop Group Limited's Shariah verdict?

CL Workshop Group Limited'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 CL Workshop Group Limited re-screened for Shariah compliance?

CL Workshop Group Limited (NWGL) 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.