Is Twilio Stock Halal?
Table of Contents
How much of Twilio’s revenue comes from haram?
Twilio provides a cloud-based communications platform that enables businesses to embed voice, messaging, video, and email capabilities into their applications to communicate with their customers.
Twilio’s platform facilitates services like phone support, automated appointment confirmations (SMS/phone call), shipping confirmations, customer verification at sign-up, and other customer contact solutions.
Practical Islamic Finance concludes:
None of Twilio’s revenue comes from anything inherently haram.
Does Twilio rely on interest to operate?
According to the company’s annual report for the fiscal year ended December 31, 2020 (Numbers in thousands, U.S. dollars):
Interest Income: $0
Total Revenue: $1,761,776
Interest Expense: $24,980
Total Expenses: $2,252,755
Interest Income / Revenue: 0%
Interest Expense / Total Expense: 1.11%
Practical Islamic Finance concludes:
Riba is used but not relied upon in Twilio’s operations.
What is Twilio’s Environmental, Social, and Governance (ESG) impact?
Environment
No notable environmental highlights.
Social
In 2020, Twilio donated $1M to global Covid-19 relief efforts and matched an additional $88,000 from its employees.
Twilio has a high Glassdoor rating of 4.4 out of 5.0 from over 400 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:
Twilio has a net positive ESG impact.
Comfort Rating
From Twilio’s business, financial, and ESG reviews, Practical Islamic Finance rates Twilio stock as:
Comfortable to invest in from a Halal perspective.
Sources
What is Twilio, and how does it work? An introduction to the leader in customer engagement
UNITED STATES SECURITIES AND EXCHANGE COMMISSION FORM 10-K TWILIO INC.