Is Celsius Holdings (CELH) Halal to invest in?

Is Celsius Holdings (CELH) Halal to invest in?

How much of Celsius Holdings’ revenue comes from haram?

Celsius is a beverage company that specializes in fitness and lifestyle.

The company earns its revenue primarily from the sale of its Celsius drink product line. Its products include energy drinks and various supplements that help with recovery and sustaining energy during a workout. In addition, Celsius claims these products help burn calories and assist with burning body fat. 

None of the ingredients used in Celsius products are inherently haram.

Practical Islamic Finance concludes:

None of Celsius Holdings’s revenue comes from anything inherently haram.

Does Celsius Holdings rely on interest to operate?

for period ended
Fiscal year
Fiscal year
Interest Income $163$356$382
Total Revenue$115,108$130,726$75,147
Interest Expense$3$448$567
Total Expenses$110,696$122,815$76,595
Interest Income / Revenue0.14%0.27%0.51%
Interest Expense / Total Expense0.36%0.74%
*Numbers in thousands, U.S. dollars

Practical Islamic Finance concludes:

Riba is used but not relied upon in Celsius Holdings’ operations.

What is Celsius Holdings’ Environmental, Social, and Governance (ESG) impact?


No notable environmental highlights.


Celsius Holdings has an average Glassdoor rating of 3.1 out of 5.0 from 5 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.


According to The Bear Cave, in 2016, the SEC sent detailed comments regarding Celsius’ financial reports stating the company’s reports included multiple typos and mistakes. These were eventually resolved.

Practical Islamic Finance concludes:

Celsius Holding’s ESG impact is acceptable.

Comfort Rating

From Celsius Holdings’ business, financial, and ESG reviews, Practical Islamic Finance rates Celsius Holdings stock as:

Comfortable to invest in from a Halal perspective.


Celsius Holdings 2020 10-K

Celsius Holdings Q2 2021 10-Q

Celsius Ingredients

Celsius Reviews 

Celsius BearCave Report

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