Is Coursera Stock Halal?
How much of Coursera’s revenue comes from haram?
Coursera earns its revenue from the following revenue sources:
- Consumer and Enterprise:
Coursera provides an online academic content platform that connects learners, educators, and institutions.
The company offers a wide variety of courses and professional certificates to its customers.
Coursera primarily earns its revenue from monthly and annual subscriptions to access and host content on Coursera’s platform.
- Degrees:
Coursera works with universities to deliver online bachelor’s and master’s degrees awarded by the university and earns service fees determined as a percentage of the total tuition collected from students.
The contributions from each of Coursera’s revenue segments in their Q1 2021 report were as follows:
Practical Islamic Finance concludes:
None of Coursera’s revenue comes from anything inherently haram.
Does Coursera rely on interest to operate?
For the Trailing Twelve Months as of March 31, 2021 (Numbers in thousands, U.S. Dollars):
Interest Income: $559
Total Revenue: $328,026
Interest Expense: $0
Total Expenses: $398,301
Interest Income / Revenue: 0.17%
Interest Expense / Total Expense: 0%
Practical Islamic Finance concludes:
Riba is used but not relied upon in Coursera’s operations.
What is Coursera’s Environmental, Social, and Governance (ESG) impact?
Environment
No notable environmental highlights.
Social
According to Coursera, it has provided learning to over 26,000 refugees in 119 countries around the world.
It works with nonprofit and community organizations to provide refugees with access to career-relevant skills and find workforce opportunities.
In addition, Coursera has a high Glassdoor rating of 4.0 out of 5.0 from over 200 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:
Coursera has a net positive ESG impact.
Comfort Rating
From Coursera’s business, financial, and ESG reviews, Practical Islamic Finance rates Coursera stock as: