Is New Relic (NEWR) Halal to invest in?
Table of Contents
How much of New Relic’s revenue comes from haram?
New Relic offers a suite of products delivered on an open and extensible cloud-based platform that enables organizations to collect, store, and analyze data in real-time to better operate their applications and infrastructure and improve their digital customer experience.
Practical Islamic Finance concludes:
None of New Relic’s revenue comes from anything inherently haram.
Does New Relic rely on interest to operate?
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What is New Relic’s Environmental, Social, and Governance (ESG) impact?
Environment
No notable environmental highlights.
Social
New Relic has a high Glassdoor rating of 4.1 out of 5.0 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:
New Relic has a net positive ESG impact.
Comfort Rating
From New Relic’s business, financial, and ESG reviews, Practical Islamic Finance rates New Relic stock as: