How much of Teladoc’s revenue comes from haram?
Teladoc primarily earns its revenue from virtual health care services by charging subscription fees and per-telehealth visit fees.
Practical Islamic Finance concludes:
None of Teladoc’s revenue comes from anything inherently haram.
Does Teladoc rely on interest to operate?
Teladoc reports its Interest Income & Expenses as a net value.
According to the company’s annual report for the fiscal year ended December 31, 2020 (Numbers in thousands, U.S. dollars):
Interest Expense (net): $60,495
Total Expenses: $1,512,147
Interest Expense / Total Expense: 4.00%
Practical Islamic Finance concludes:
Riba is used but not relied upon in Teladoc’s operations.
What is Teladoc’s Environmental, Social, and Governance (ESG) impact?
Environment
No notable environmental highlights.
Social
A 2017 study from Health Affairs found on average, telehealth visits cost about $79, while an office visit’s average cost is nearly double, averaging $146.
Practical Islamic Finance sees this as a positive development for making health care affordable to more individuals.
Additionally, Teladoc has a high Glassdoor rating of 4.0 out of 5.0 from over 200 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:
Teladoc has a net positive ESG impact.
Comfort Rating
From Teladoc’s business, financial, and ESG reviews, Practical Islamic Finance rates Teladoc as:
Comfortable to invest in from a Halal perspective.
Sources
Why you should take advantage of your telemedicine options
