Is Logitech Stock Halal?
Table of Contents
How much of Logitech’s revenue comes from haram?
Logitech earns its revenue from the following segments:
- Pointing Devices:
Includes PC- and Mac-related mice, including trackballs, touchpads, and presentation tools
- Keyboards & Combos:
Includes PC keyboards and keyboard/mice combo products
- PC Webcams:
Includes PC-based webcams and streaming cameras
- Tablet & Other Accessories:
Includes keyboards for tablets
- Gaming:
Includes gaming mice, keyboards, headsets, gamepads, steering wheels, simulation controllers, console gaming headsets, console gaming controllers, and software for streaming and content creating
- Video Collaboration:
Includes Logitech’s ConferenceCams for video conferencing
- Mobile Speakers:
Includes Bluetooth wireless speakers
- Audio & Wearables:
Includes PC speakers, headsets, in-ear headphones, premium wireless audio wearables, and studio quality microphones for professionals and consumers
- Smart Home:
Includes Logitech’s Harmony line of advanced home entertainment controllers and home security cameras
The contributions from each of Logitech’s revenue segments in their 2021 annual report were as follows:
Practical Islamic Finance concludes:
None of Logitech’s revenue comes from anything inherently haram.
Does Logitech rely on interest to operate?
[wbcr_php_snippet id=”11367″]
What is Logitech’s Environmental, Social, and Governance (ESG) impact?
Environment
According to Logitech’s 2020 Sustainability Report, 88% of Logitech’s global electricity demand is sourced from renewable sources.
Social
Logitech has a high Glassdoor rating of 4.1 out of 5 from over 700 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:
Logitech has a net positive ESG impact.
Comfort Rating
From Logitech’s business, financial, and ESG reviews, Practical Islamic Finance rates Logitech stock as: