
Is Shutterstock (SSTK) stock Halal?
September 2026 AAOIFI screening result for Shutterstock, Inc. (SSTK): non-permissible income, pass. Interest-bearing investments, pass. Interest-bearing debt, fail. Preference shares, pass. Shutterstock, Inc. is not currently Shariah compliant. Re-screened monthly against AAOIFI Shariah Standard No. 21.
Shutterstock is a technology company that operates as a leading global provider of high-quality licensed photographs, vectors, illustrations, videos, and music. The primary function of Shutterstock is to connect creators and businesses by offering a vast library of digital content, enabling clients to enhance their visual storytelling with professional-grade media. Shutterstock’s platform significantly impacts sectors such as advertising, publishing, media, and commerce by supplying creative resources essential for design and marketing initiatives. Before any of that matters to a Muslim investor, one question comes first: is Shutterstock stock Halal?
Is Shutterstock Shariah compliant?
For a company like Shutterstock, the first question AAOIFI Shariah Standard No. 21 asks is about content and advertising: platform businesses can carry impermissible elements, and the standard tolerates them only as incidental income below 5% of revenue. Only then do the financial ratios come into play.
Does Shutterstock pass the business activity test?
The activity screen is only part of the picture this month: Shutterstock currently fails the interest-bearing debt screen, so the overall verdict is not compliant regardless of the business itself. The watch item is content: advertising and programming can include impermissible material, which AAOIFI treats as incidental only below the 5% revenue ceiling.
Is Shutterstock's income Halal?
Yes, within AAOIFI's tolerance. Shutterstock's income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Shutterstock meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
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