Is GitLab Inc. (GTLB) stock halal to invest in?

Q: Is GitLab Inc. (GTLB) stock halal to invest in?

Halal Investors analysed and rated GitLab Inc. (GTLB) with the comfort rating: 'Comfortable'. We scored GitLab Inc. (GTLB) with the following scores: Business score: 4/5, Financial score: 5/5, ESG score: 4/5.

GitLab Inc., through its subsidiaries, develops software for the software development lifecycle in the United States, Europe, and the Asia Pacific. The company offers GitLab, a DevOps platform, which is a single application that leads to faster cycle time and... Read More

Industry: Software Sector: Information Technology

Currently in review using our new methodology check back by end of Jan 2022

GitLab Inc. (GTLB)

Comfortable

Business Score

Financial Score

ESG Score

Report Summary

Only a non-material part of business's revenue comes from Haram.
Interest is not used while running the company.
The company has a net positive impact on the environment, society and governance.

What are Halal Investors' Comfort Levels?

Our Comfort Levels are based on our analysts’ latest review of a company's business, finances, and Environmental, Social and Governance (ESG) Impact. Our reports are not meant to be understood as a religious ruling (fatwa). Rather, they represent our best efforts in trying to identify whether a company is engaged in anything forbidden in Islam (haram) and to what extent. Based on our analysis, we determine our Comfort Level with investing in the company. We encourage readers to let us know if we missed anything in the comments and to voice their agreement/disagreement by leaving a thumbs up/down. Read more about our methodology.

Is GitLab Inc. (GTLB) stock halal to invest in?

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