Is Ulta Beauty Stock Halal?
Table of Contents
How much of Ulta Beauty’s revenue comes from haram?
Ulta operates as a beauty retailer in the United States, offering cosmetics, fragrance, skin care products, hair care products, and salon services.
Practical Islamic Finance concludes:
None of Ulta’s revenue comes from anything inherently haram.
Does Ulta Beauty rely on interest to operate?
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What is Ulta Beauty’s Environmental, Social, and Governance (ESG) impact?
Environment
According to Ulta’s 2020 ESG Report, the company has reduced its electricity usage by 5 million kWh since 2016, equivalent to avoiding 3,600 metric tons of GHG emissions.
In addition, in 2019, Ulta purchased more than 22,000 megawatt-hours of wind energy through renewable energy credits, representing 7% of the company’s total annual electricity usage.
Social
According to Ulta’s 2020 ESG Report, the company has been partnered with the Breast Cancer Research Foundation since 2009, raising over $37 million since the start of its partnership.
Ulta has a Glassdoor rating of 3.5 out of 5.0 from over 7,000 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:
Ulta has a net positive ESG impact.
Comfort Rating
From Ulta’s business, financial, and ESG reviews, Practical Islamic Finance rates Ulta stock as: