Halal
Cutix passes both the business-activity screen and the financial screens under the AAOIFI Standard. No dividend purification applies.
NGX: CUTIX · Industrial goods · Screened 4 Sept 2026
Cutix Plc manufactures and sells electrical wires, cables and switchgear assemblies in Nigeria. Its product range covers bare copper conductors, bare stranded copper conductors, insulated copper conductors, PVC insulated copper and aluminium cables, PVC insulated flat twin and three-core copper cables, aluminium twist cables and conductors for power transmission, flexible cables for household electrical appliances, automotive cables for motor vehicles, and insulated armoured cables for underground industrial installations. The company was the first cable manufacturer in Nigeria to acquire a plastic compounding line and has been named by the Financial Times and Statista among Africa's fastest growing companies. For the 2025 financial year revenue was N15.77 billion, up 30%, with profit after tax of N1.03 billion. The financial year ended 30 April 2026 was a more difficult period, with the company reporting a net operating loss amid a challenging macroeconomic environment.
Electrical cable and wire product lines serving power transmission, construction, household appliance and automotive applications.
Yes. As of 4 September 2026, Cutix (CUTIX) is halal to own under the AAOIFI Standard, with no purification required.
Qistal re-screens every NGX ticker when new audited or interim accounts are filed. This page always shows the date of the most recent screen.
Yes. Compliance drifts as a company borrows, raises cash, or changes its business mix, so a verdict describes a moment rather than a permanent status.