Riccardo
Fri Jun 07 2024
|
5 answers
972
Is it halal to invest in Netflix?｜We at IFG take the view that as it likely has more than 5% of its revenue from haram sources. A summary of our analysis. The business – use your judgment but we think best avoided.Netflix stock is not sharia-compliant
Could you elaborate on why you believe investing in Netflix is not considered halal? Your statement mentioned that Netflix likely generates more than 5% of its revenue from haram sources. Could you provide examples of these haram sources or explain the criteria you use to determine if a source is haram? Additionally, is there a specific percentage threshold that you consider as the dividing line between halal and haram investments? Finally, how does your organization, IFG, generally approach evaluating the halal status of investment opportunities?
