Is New Relic (NEWR) Halal to invest in?

Is New Relic (NEWR) Halal to invest in?

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:

Comfortable to invest in from a Halal perspective.

Sources

New Relic 2021 10-K

New Relic Q2 2021 10-Q

New Relic Reviews   

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