Is Spotify Technology S.A. (SPOT) stock halal to invest in?

Q: Is Spotify Technology S.A. (SPOT) stock halal to invest in?

Halal Investors analysed and rated Spotify Technology S.A. (SPOT) with the comfort rating: 'Entirely Uncomfortable'. We scored Spotify Technology S.A. (SPOT) with the following scores: Business score: 1/5, Financial score: 5/5, ESG score: 3/5.

Spotify Technology S.A., together with its subsidiaries, provides audio streaming services worldwide. It operates through Premium and Ad-Supported segments. The Premium segment offers unlimited online and offline streaming access to its catalog of music and podcasts without commercial breaks to... Read More

Industry: Entertainment Sector: Communication Services

Spotify Technology S.A. (SPOT)

Entirely Uncomfortable See Alternatives

Business Score

Financial Score

ESG Score

Last updated: 1/11/2022

Report Summary

The business’s revenue primarily comes from Haram.
Interest is not used while running the company.
It is questionable whether the company’s net impact is positive or negative 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.