Is Corsair Gaming Stock Halal?
How much of Corsair Gaming’s revenue comes from haram?
Corsair earns its revenue from the following revenue sources:
- Gamer and Creator Peripherals:
Includes gaming keyboards, mice, headsets, controllers, capture cards, stream decks, microphones, and studio accessories.
- Component Products:
Includes power supply units, computer cooling solutions, cases for computer building, memory devices, and custom-built gaming PCs.
The contributions from each of Corsair’s revenue segments in their 2020 annual report were as follows:
Practical Islamic Finance concludes:
None of Corsair’s revenue comes from anything inherently haram.
Does Corsair Gaming rely on interest to operate?
| Year-to-Date for period ended 3/31/2021 | Fiscal year ended 12/31/2020 | Fiscal year ended 12/27/2019 | |
|---|---|---|---|
| Interest Income | – | – | – |
| Total Revenue | $529,414 | $1,702,367 | $1,097,174 |
| Interest Expense | $4,946 | $35,137 | $35,548 |
| Total Expenses | $462,125 | $1,544,006 | $1,073,467 |
| Interest Income / Revenue | – | – | – |
| Interest Expense / Total Expense | 1.07% | 2.28% | 3.31% |
Practical Islamic Finance concludes:
Riba is used but not relied upon in Corsair’s operations.
What is Corsair Gaming’s Environmental, Social, and Governance (ESG) impact?
Environment
No notable environmental highlights.
Social
During the Covid-19 crisis, Corsair donated 1,000 headphones to support underprivileged students during the Covid lockdowns.
In addition, Corsair has a slightly above average Glassdoor rating of 3.5 out of 5.0 from 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:
Corsair has a net positive ESG impact.
Comfort Rating
From Corsair Gaming’s business, financial, and ESG reviews, Practical Islamic Finance rates Corsair Gaming stock as: