Is Nigerian Enamelware (ENAMELWA) halal?

Halal

Nigerian Enamelware passes both the business-activity screen and the financial screens under the AAOIFI Standard. No dividend purification applies.

NGX: ENAMELWA · Industrial goods · Screened 26 Aug 2026

What Nigerian Enamelware does

Nigerian Enamelware Company Plc manufactures and markets enamelware, plastic products and galvanised buckets, and also produces home furnishings, costume jewellery and electric bicycles. Its stated focus is affordable, durable enamelware and kitchen products. During the most recent year the company relocated its plant and machinery to a new site owned by the WEMPCO group, which it expects to improve operational efficiency and reduce costs. For the year ended 30 April 2025 revenue was N1.43 billion, a 99% increase, and the company returned a net profit of N15.48 million after a net loss of N2.60 billion in 2024. It employed 80 staff at the year end, down from 90.

Where the revenue comes from

Enamelware and kitchen products, plastic products and galvanised buckets, with home furnishings, jewellery and electric bicycles as smaller lines.

Questions about ENAMELWA

Is Nigerian Enamelware halal to invest in?

Yes. As of 26 August 2026, Nigerian Enamelware (ENAMELWA) is halal to own under the AAOIFI Standard, with no purification required.

How often is this verdict updated?

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.

Can this verdict change?

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.

Other Industrial goods stocks