Is Slack Still Halal?
Last time I spoke to you about Slack, it had no debt.
Since then it has raised $750 million in debt.
This has caused some to say that Slack is no longer shariah-compliant since its debt-to-equity ratio is close to 70%.
These commentators argue that a debt-to-equity ratio of above 30% (and sometimes above 33.3% depending on who you ask) is not halal.
I pointed out in my video/article: “How to find halal stocks” that this claim is completely without merit in either the Quran or Sunnah.
This article puts yet another nail in the coffin of the arbitrary debt-to-equity limit.