Is Adobe Stock Halal?
How much of Adobe’s revenue comes from haram?
Adobe earns its revenue from the following revenue sources:
- Digital Media:
Includes products, services, and solutions that enable individuals, teams, and enterprises to create and monetize digital content.
Adobe’s offered digital media products include Adobe Photoshop, Lightroom, Illustrator, and Premiere Pro.
Adobe also offers document cloud subscriptions which include Adobe Acrobat DC, Adobe Sign, Adobe Scan, and other Document Cloud services.
- Digital Experience:
Cloud platform solutions for analytics, marketing, and e-commerce, including Customer Data and Insights, Content and Commerce, and Customer Journey Management.
- Publishing and Advertising:
Includes technical and business publishing, legacy and OEM printing, and platforms for Advertising Cloud.
The contributions from each of Adobe’s revenue segments in their 2020 annual report were as follows:
Practical Islamic Finance concludes:
None of Adobe’s revenue comes from anything inherently haram.
Does Adobe rely on interest to operate?
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What is Adobe’s Environmental, Social, and Governance (ESG) impact?
Environment
According to Adobe, every 1 million transactions completed with Adobe Sign in place of paper workflows saves more than 27M gallons of water, 1.5M pounds of waste, and 23.4M pounds of CO2.
In addition, the State of Hawaii uses Document Cloud to save 8.76 million sheets of paper each year.
In 2020, Adobe reduced direct and indirect greenhouse emissions associated with purchasing electricity, heat, cooling, or steam by 11.5% from 2019.
Social
Adobe matched $15,682,913 employee donations and recorded 116,391 community volunteer hours in 2020.
In addition, Adobe has an impressively high Glassdoor rating of 4.4 out of 5.0 from over 6,000 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:
Adobe has a net positive ESG impact.
Comfort Rating
From Adobe’s business, financial, and ESG reviews, Practical Islamic Finance rates Adobe stock as: