Is Estée Lauder Stock Halal?

Is Estée Lauder Stock Halal?

How much of Estée Lauder’s revenue comes from haram?

Estée Lauder earns its revenue from the following revenue sources:

  • Skin Care:

Includes moisturizers, serums, cleansers, toners, body care, exfoliators, acne care and oil correctors, facial masks, and sun care products.

  • Makeup:

Includes lipsticks, lip glosses, mascaras, foundations, eyeshadows, nail polishes, powders, compacts, brushes, and other makeup tools.

  • Fragrance:

Includes eau de parfum sprays and colognes, scented lotions, powders, creams, candles, and soaps.

  • Hair Care:

Includes shampoos, conditioners, styling products, hair treatment products, finishing sprays, and hair color products.

  • Other:

Includes ancillary products and services.

The contributions from each of Estée Lauder’s revenue segments in their 2020 annual report were as follows:

Practical Islamic Finance concludes:

None of Estée Lauder’s revenue comes from anything inherently haram.

Does Estée Lauder rely on interest to operate?

[wbcr_php_snippet id=”11367″]

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


In 2020, Estée Lauder achieved Net Zero carbon emissions and sourced 100% renewable energy for its direct operations.


Estée Lauder has a high Glassdoor rating of 4.0 out of 5 from over 3,000 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies. 


Ronald Lauder, the heir of Estée Lauder and chairman of Clinique Laboratories (a subsidiary of Estee Lauder), is the Chairman of the Board for the Jewish National Fund, an organization “founded in 1901 to buy and develop land in Ottoman Palestine for Jewish settlement.”

The Jewish National Fund states one of its visions is to “promote Zionist education and engagement.”

In May 2021, Ronald Lauder stated, “We stand resolutely and unambiguously with Israel and express our deep appreciation to US President Joe Biden and other world leaders for their repeated recognition of Israel’s absolute right to defend itself against terrorist onslaught, in whatever form it may come.” 

Practical Islamic Finance sees this statement as contradicting well-documented Israeli war crimes and first-hand accounts from victims of Israeli aggression.

Practical Islamic Finance concludes:

Estée Lauder has a net negative ESG impact.

Comfort Rating

From Estée Lauder’s business, financial, and ESG reviews, Practical Islamic Finance rates Estée Lauder stock as:

Uncomfortable to invest in from a Halal perspective.

Justification for our rating

Practical Islamic Finance is uncomfortable supporting Estée Lauder’s business knowing the heir and chairman of this company seems to support what multiple international non-governmental organizations such as Amnesty International describe as war crimes perpetrated by Israel against the indigenous population of Palestine.


Estée Lauder 2020 10-K 

Estée Lauder Q1 2021 10-Q 

Estée Lauder Companies Reviews 

Climate and Environment – Sustainability 

Forbes Ronald Lauder

President’s Bio  

Jewish National Fund 

The Jerusalem Post

Palestinians condemn ‘raiding’ of Al-Aqsa by Israeli forces  

Jewish National Fund’s Vision  

Subscribe to get our “Intro to Halal-Conscious Investing” and much more for FREE!

Enter your email address to subscribe:*