Is Ideanomics, Inc. (IDEX) stock halal to invest in?

Q: Is Ideanomics, Inc. (IDEX) stock halal to invest in?

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

Ideanomics, Inc., through its subsidiaries, develops zero emission mobility solutions for the off-highway and on-highway commercial vehicle markets in Asia and the United States. The company's Ideanomics Mobility business unit focuses on the commercial adoption of electric vehicles (EV) by... Read More

Industry: Software Sector: Information Technology

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

Ideanomics, Inc. (IDEX)

Comfortable

Business Score

Financial Score

ESG Score

Report Summary

Only a non-material part of business's revenue comes from Haram.
Interest is used but is not relied on to run 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 Ideanomics, Inc. (IDEX) stock halal to invest in?

Read the full report with business, financial, & ESG analysis

Members Only

What's included

Consider these free reports

Consider these instead

Get the latest reports & insights from Halal Investors. Sign up for our newsletter.