Is Opendoor Technologies Inc (OPEN) stock halal to invest in?

Q: Is Opendoor Technologies Inc (OPEN) stock halal to invest in?

Halal Investors analysed and rated Opendoor Technologies Inc (OPEN) with the comfort rating: 'Uncomfortable'. We scored Opendoor Technologies Inc (OPEN) with the following scores: Business score: 2/5, Financial score: 2/5, ESG score: 4/5.

Opendoor Technologies Inc. operates a digital platform for residential real estate in the United States. The company's platform enables consumers to buy and sell a home online. It also provides title insurance and escrow services. Opendoor Technologies Inc. was incorporated... Read More

Industry: Real Estate Management Development Sector: Real Estate

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

Opendoor Technologies Inc (OPEN)

Uncomfortable See Alternatives

Business Score

Financial Score

ESG Score

Report Summary

A material part of the business’s revenue comes from Haram.
Interest is somewhat 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.