Is Udemy (UDMY) Halal to invest in?

Is Udemy (UDMY) Halal to invest in?

How much of Udemy’s revenue comes from haram?

Udemy provides an online learning platform with more than 100,000 courses covering coding, data science, marketing and much more. 

Udemy earns its revenue from the following revenue sources:

  • Consumer Revenue: 

Includes revenue generated from individual course content purchases made by individual learners, as well as consumer subscriptions.

  • Enterprise Revenue: 

Includes revenue generated from subscriptions designed for businesses to train their employees.

The contributions from each of Udemy’s revenue segments for the Fiscal Year Ended December 31, 2021 in their latest 8-K were as follows:

Practical Islamic Finance concludes:

None of Udemy’s revenue comes from anything inherently haram.

Does Udemy rely on interest to operate?

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

Environment

No notable environmental highlights.

Social

Udemy has a high Glassdoor rating of 4.2 out of 5.0 from over 300 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:

Udemy has a net positive ESG impact.

Comfort Rating

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

Comfortable to invest in from a Halal perspective.

Sources

Udemy 2021 8-K 

Udemy’s Website

Udemy Glassdoor Review

Udemy S-1 

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