Is Shopify Inc (SHOP) stock halal to invest in?

Q: Is Shopify Inc (SHOP) stock halal to invest in?

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

Shopify Inc., a commerce company, provides a commerce platform and services in Canada, the United States, Europe, the Middle East, Africa, the Asia Pacific, and Latin America. The company's platform enables merchants to displays, manages, markets, and sells its products... Read More

Industry: It Services Sector: Information Technology

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

Shopify Inc (SHOP)

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 Shopify Inc (SHOP) stock halal to invest in?

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