Does Top Wealth Group Holding Limited Ordinary Shares pass AAOIFI screening?

Top Wealth Group Holding Limited Ordinary Shares (TWG) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. TWG's debt-to-market-cap is 34.3%.

How much purification is needed for Top Wealth Group Holding Limited Ordinary Shares?

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 percentage and amount for Top Wealth Group Holding Limited Ordinary Shares (TWG) using the latest financial data.

Where can I screen Top Wealth Group Holding Limited Ordinary Shares for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Top Wealth Group Holding Limited Ordinary Shares (TWG) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

TWGNot HalalF

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Compliance Status

Not Halal

Screened on Oct 8, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Top Wealth Group Holding Limited Ordinary Shares (TWG) halal? Not Halal. Based on AAOIFI screening, Top Wealth Group Holding Limited Ordinary Shares passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

Quote this verdict

HalalScreener rates Top Wealth Group Holding Limited Ordinary Shares (TWG) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 8, 2026. Source: https://halalscreener.app/en/stock/TWG

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%.

34.3% of 30.0% limit

PRO DETAIL

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.

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Screened according to AAOIFI Standard 21

What this means for you

Most scholars advise not holding TWG

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

TWG: Is Top Wealth Group Holding Limited Ordinary Shares Halal?

Top Wealth Group Holding Limited Ordinary Shares

NASDAQConsumer DefensiveHK

$0.09

Market Cap: 68.9K

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About Top Wealth Group Holding Limited Ordinary Shares

Top Wealth Group Holding Limited (TWG) is a company specializing in the provision and trade of caviar, including premium caviar and gourmet products derived from caviar. Operating through its various subsidiaries, it serves customers both within Hong Kong and across international markets. The company's diverse offerings are prominently marketed under the Imperial Cristal Caviar brand. Established in 2009, TWG primarily caters to distributors within the food and beverage industry and maintains its headquarters in Sai Wan, Hong Kong. It operates as a subsidiary of Winwin Development Group Limited.

Sector: Consumer Defensive · Industry: Food Distribution

Why this does not pass

Interest-bearing debt is 34.3% of market cap, over the 30% AAOIFI limit.
Interest-bearing deposits are over the 30% 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

AAOIFI Standard 21Updated Oct 8, 2026

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Institutional-grade Shariah analysis

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See why TWG is rated Not Halal with institutional-grade analysis

PRO DETAIL

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.

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Screened according to AAOIFI Standard 21

Compliance History

Not Halalnow
since Oct 2026
Halal
until the change above
Not Halal
until the change above

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

Fiscal: Q2 2026Data source: FMP

Halal Alternatives in Consumer Defensive

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

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JBSSA+

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Frequently Asked Questions

Is Top Wealth Group Holding Limited Ordinary Shares (TWG) halal to invest in?

Top Wealth Group Holding Limited Ordinary Shares (TWG) 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 Top Wealth Group Holding Limited Ordinary Shares get a F compliance rating?

Top Wealth Group Holding Limited Ordinary Shares (TWG) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 34.3% (limit 30%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Top Wealth Group Holding Limited Ordinary Shares's Shariah verdict?

Top Wealth Group Holding Limited Ordinary Shares'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 Top Wealth Group Holding Limited Ordinary Shares re-screened for Shariah compliance?

Top Wealth Group Holding Limited Ordinary Shares (TWG) 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: Oct 8, 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.