Is Lemonade, Inc. (LMND) stock halal to invest in?

Q: Is Lemonade, Inc. (LMND) stock halal to invest in?

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

Lemonade, Inc. provides various insurance products in the United States and Europe. Its insurance products include stolen or damaged property, and personal liability that protects its customers if they are responsible for an accident or damage to another person or... Read More

Industry: Insurance Sector: Financials

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

Lemonade, Inc. (LMND)

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 Lemonade, Inc. (LMND) stock halal to invest in?

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