Is Nikola (NKLA) stock halal to invest in?

Q: Is Nikola (NKLA) stock halal to invest in?

Halal Investors analysed and rated Nikola (NKLA) with the comfort rating: 'Entirely Uncomfortable'. We scored Nikola (NKLA) with the following scores: Business score: 5/5, Financial score: 4/5, ESG score: 1/5.

Nikola Corporation operates as a technology innovator and integrator that works to develop energy and transportation solutions. It operates through two business units, Truck and Energy. The Truck business unit develops and commercializes battery hydrogen-electric and battery-electric semi-trucks to the... Read More

Industry: Machinery Sector: Industrials

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

Nikola (NKLA)

Entirely Uncomfortable See Alternatives

Business Score

Financial Score

ESG Score

Report Summary

None of the business's revenue comes from Haram.
Interest is used but is not relied on to run the company.
The company has a substantial negative impact on at least one of the following: environment, society or 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.