How much of Pacific Biosciences’ revenue comes from haram?

Pacific Biosciences earns its revenue from the following revenue sources:

  • Product Revenue:

Includes Pacific Biosciences sequencing system instruments and technologies used to resolve genetically complex problems and analyze biochemical sequencing reactions.

  • Service and Other Revenue:

Includes product maintenance agreements sold on Pacific Biosciences’ installed instruments.

As of Q1, 2021, Pacific Biosciences’ revenue breakdown was as follows:

Practical Islamic Finance concludes:

None of Pacific Biosciences’ revenue comes from anything inherently haram.

Does Pacific Biosciences rely on interest to operate?

Pacific Biosciences 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 Expense (net): $1,789

Total Expenses: $197,678

Interest Expense / Total Expense: 0.91%

Practical Islamic Finance concludes:

Riba is used but not relied upon in Pacific Biosciences’ operations.

What is Pacific Biosciences Environmental, Social, and Governance (ESG) impact?

Environment

No notable environmental highlights.

Social

Pacific Biosciences has a relatively high Glassdoor rating of 4.2 out of 5.0 from over 70 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.

Governance

No notable governance highlights.

Practical Islamic Finance concludes:

Pacific Biosciences has a net positive ESG impact.

Comfort Rating

From Pacific Biosciences’ business, financial, and ESG reviews, Practical Islamic Finance rates Pacific Biosciences as:

Comfortable to invest in from a Halal perspective.

Sources 

Form 10-Q 

Pacific Biosciences Reviews