CHEWY
Crypto Overview
There appears to be a misunderstanding. CHWY is not a cryptocurrency - it is the stock ticker symbol for Chewy, Inc., which is a publicly traded e-commerce company that primarily sells pet food and other pet-related products. The company was founded in 2011 and went public in 2019.
Since CHWY represents equity shares in a legitimate business rather than a cryptocurrency, the evaluation criteria for cryptocurrency Sharia compliance does not apply. A separate analysis framework would be needed to evaluate the Sharia compliance of Chewy's business operations and stock.
The company's main revenue comes from retail sales of pet products through their e-commerce platform. They do not engage in lending, interest-based financial products, or other activities that would raise immediate Sharia compliance concerns.
Crypto Impact
To assign a comfort level investing in CHEWY from a halal perspective we need to determine whether it has a net positive or negative impact.
Towards this end, the table below is used to tally all the positive and negative considerations our members can think of related to CHEWY.
If you don’t see something that should be listed, positive or negative, feel free to submit your own contribution using the button “Contribute”.
We will review your contribution for accuracy before publication.
Importantly, you can review listed contributions and vote on which one you think has the greatest impact, positive or negative.
You only have one vote per asset so use it wisely.
You can change your vote if you change your mind.