How much of Logitech’s revenue comes from haram?

Logitech earns its revenue from the following segments:

  • Pointing Devices:

Includes PC- and Mac-related mice, including trackballs, touchpads, and presentation tools

  • Keyboards & Combos:

Includes PC keyboards and keyboard/mice combo products

  • PC Webcams:

Includes PC-based webcams and streaming cameras

  • Tablet & Other Accessories:

Includes keyboards for tablets

  • Gaming:

Includes gaming mice, keyboards, headsets, gamepads, steering wheels, simulation controllers, console gaming headsets, console gaming controllers, and software for streaming and content creating

  • Video Collaboration:

Includes Logitech’s ConferenceCams for video conferencing

  • Mobile Speakers:

Includes Bluetooth wireless speakers

  • Audio & Wearables:

Includes PC speakers, headsets, in-ear headphones, premium wireless audio wearables, and studio quality microphones for professionals and consumers

  • Smart Home:

Includes Logitech’s Harmony line of advanced home entertainment controllers and home security cameras

The contributions from each of Logitech’s revenue segments in their 2021 annual report were as follows:

Practical Islamic Finance concludes:

None of Logitech’s revenue comes from anything inherently haram.

Does Logitech rely on interest to operate?

Year-to-Date
for period ended
6/30/2021
Fiscal year
ended
3/31/2021
Fiscal year
ended
3/31/2020
Interest Income $316$1,784$9,619
Total Revenue$1,312,058$5,252,279$2,975,851
Interest Expense
Total Expenses$1,104,911$4,090,825$2,684,571
Interest Income / Revenue0.02%0.03%0.32%
Interest Expense / Total Expense
*Numbers in thousands, U.S. dollars

Practical Islamic Finance concludes: 

Riba is used but not relied upon in Logitech’s operations.

What is Logitech’s Environmental, Social, and Governance (ESG) impact?

Environment

According to Logitech’s 2020 Sustainability Report, 88% of Logitech’s global electricity demand is sourced from renewable sources.

Social

Logitech has a high Glassdoor rating of 4.1 out of 5 from over 700 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.

Governance

No notable governance highlights.

Practical Islamic Finance concludes:

Logitech has a net positive ESG impact.

Comfort Rating

From Logitech’s business, financial, and ESG reviews, Practical Islamic Finance rates Logitech stock as: 

Comfortable to invest in from a halal perspective.

Sources

Logitech 10-K 

Logitech Q1 2021 10-Q 

Logitech Reviews

SUSTAINABILITY REPORT FY20