Is BlackBerry (BB) Halal to invest in?

Is BlackBerry (BB) Halal to invest in?

How much of BlackBerry’s revenue comes from haram?

BlackBerry is a software company that provides intelligent security software and services to enterprises and governments worldwide. The company leverages machine learning to deliver innovative cybersecurity solutions.

The company earns its revenue from the following segments: 

Software and Services:

Includes revenue generated from software and services created, marketed, and sold by Blackberry. Some of these services include:

  • BlackBerry Spark: Includes revenue generated from the company’s core software, which enables secure endpoint communications in a zero trust environment.
  • BlackBerry Internet of Things (IoT) Solutions: Includes revenue generated from BlackBerry QNX, a global provider of real-time operating systems. In addition, this segment includes BlackBerry AtHoc and BlackBerry Alert which provide secure critical event management solutions.

Licensing and Other:

Includes revenue generated from the management and monetization of the company’s global patent portfolio. Additionally, the company generates revenue from service access fees (SAF) charged to subscribers using the company’s legacy BlackBerry 7 and prior BlackBerry operating systems.

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

Practical Islamic Finance concludes:

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

Does BlackBerry rely on interest to operate?

for period ended
Fiscal year
Fiscal year
Interest Income (net)
Total Revenue$349,000$893,000$1,040,000
Interest Expense (net)$3,000$15,000$23,000
Total Expenses$485,000$991,000$1,223,000
Interest Income (net) / Revenue
Interest Expense (net) / Total Expense0.62%1.51%1.88%
*Numbers in thousands, U.S. dollars

Practical Islamic Finance concludes:

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

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


No notable environmental highlights.


BlackBerry has an average Glassdoor rating of 3.5 out of 5.0 from over 2,800 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.


No notable governance highlights.

Practical Islamic Finance concludes:

BlackBerry has a net positive ESG impact.

Comfort Rating

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

Comfortable to invest in from a Halal perspective.


BlackBerry 2021 10K

BlackBerry Q2 2022 10Q

Corporate Responsibility Report 2015-2016

BlackBerry Limited (BB) Stock Price, News, Quote & History



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