How much of Fate Therapeutics’ revenue comes from haram?

Fate Therapeutics currently does not generate any revenue from therapeutic product sales. Fate Therapeutics earns its revenue from collaboration agreements and government grants for immunotherapy research for cancer and immune disorders.

Practical Islamic Finance concludes:

None of Fate Therapeutics’ revenue comes from anything inherently haram.

Does Fate Therapeutics rely on interest to operate?

Fate Therapeutics reports its Interest Income & Expenses as a net value.

For the Trailing Twelve Months as of March 31, 2021 (Numbers in thousands, U.S. Dollars):

Interest Income: $1,805

Revenue: $40,061

Interest Income / Revenue: 4.51%

Practical Islamic Finance concludes:

Riba is used but is not relied upon in Fate Therapeutics’ operations. As Fate Therapeutics’ business matures, we expect its use of interest will decrease considering there is nothing inherent to their business model that relies on the use of interest.

What is Fate Therapeutics’ Environmental, Social, and Governance (ESG) impact?

Environment

No notable environmental highlights.

Social

Fate Therapeutics has a high Glassdoor rating of 4.3 out of 5.0 from current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.

Governance

No notable governance highlights.

Comfort Rating

From Fate Therapeutics’ business, financial, and ESG reviews, Practical Islamic Finance rates Fate Therapeutics as:

Comfortable to invest in from a Halal perspective.

Sources 

FATE THERAPEUTICS, INC.

Working at Fate Therapeutics