Is Crocs Stock Halal?

Is Crocs Stock Halal?

How much of Crocs’ revenue comes from haram?

Crocs earns its revenue primarily from selling footwear and customizable accessories for its shoes.

Practical Islamic Finance concludes:

None of Crocs’ revenue comes from anything inherently haram.

Does Crocs rely on interest to operate?

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

Environment

According to Crocs, the company saved 90,000 unsold pairs of its shoes from landfills in 2020 by donating them.

In addition, 85% of Crocs’ products are sold without shoe boxes.

Social

Since 2016, Crocs has donated over 1.8 million pairs of shoes, including 860,000 pairs of shoes donated to frontline healthcare workers in 2020.

In addition, with the help of its customers, Crocs raised nearly $1 million for Feeding America in 2020, distributing over 8 million meals for those in need.

Crocs has a relatively high Glassdoor rating of 3.6 out of 5 from over 600 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:

Crocs has a net positive ESG impact.

Comfort Rating

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

Comfortable to invest in from a halal perspective.

Sources

Crocs 2020 10-K 

Crocs Q2 2021 10-Q 

Crocs Environmental Impact 

Crocs Social Impact 

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