How much of Asana’s revenue comes from haram?

Asana provides a work management platform that helps teams orchestrate work.

The company earns its revenue from charging teams and companies monthly subscription fees to use premium features and resources offered on its platform.

Practical Islamic Finance concludes:

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

Does Asana rely on interest to operate?

Asana reports its interest income as a net value, including interest income and income earned on marketable securities and foreign currency transaction gains and losses represented as Interest Income and Other Income (expense), net.

Year-to-Date
for period ended
7/31/2021
Fiscal year
ended
1/31/2021
Fiscal year
ended
1/31/2020
Interest Income and Other Income (expense), net($320)$1,568$1,365
Total Revenue$166,151$227,004$142,606
Interest Expense$17,725$36,178$78
Total Expenses$276,184$402,571$262,237
Total Liabilities$456,244$743,908$316,426
Interest Income and Other Income / Revenue0.19%0.69%0.96%
Interest Expense / Total Expense6.42%8.99%0.03%
*Numbers in thousands, U.S. dollars

Practical Islamic Finance concludes:

Given Asana seems like it is shrinking its outstanding debt substantially, Practical Islamic Finance suspects its interest expense will be minimal moving forward. As a result, Practical Islamic Finance doesn’t consider Asana’s use of riba to operate its business to be material. 

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

Environment

No notable environmental highlights.

Social

Asana has an impressively high Glassdoor rating of 4.8 out of 5.0 from over 300 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:

Asana has a net positive ESG impact.

Comfort Rating

From Asana’s business, financials, and ESG reviews, Practical Islamic Finance rates Asana stock as: 

Comfortable to invest in from a Halal perspective.

Sources

Asana ESG Fact Sheet

Asana Reviews 

Asana Q2 2021 10-Q

Asana 2021 10-K
Asana Pricing | Premium, Business, & Enterprise pricing plans • Asana