Is Atlassian Corporation Plc (TEAM) stock halal to invest in?

Q: Is Atlassian Corporation Plc (TEAM) stock halal to invest in?

Halal Investors analysed and rated Atlassian Corporation Plc (TEAM) with the comfort rating: 'Comfortable'. We scored Atlassian Corporation Plc (TEAM) with the following scores: Business score: 5/5, Financial score: 4/5, ESG score: 4/5.

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include Jira Software and Jira Work Management, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service... Read More

Industry: Software Sector: Information Technology

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

Atlassian Corporation Plc (TEAM)

Comfortable

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 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.