How much of Trimble’s revenue comes from haram?

Trimble Inc. offers hardware and software solutions that enable professionals and field mobile workers to automate, streamline, and transform work processes.

Trimble earns its revenue from the following revenue sources:

  • Buildings and Infrastructure:

Trimble provides solutions for its customers working in architecture, engineering, construction, and maintenance by improving productivity, enhancing data sharing, improving collaboration across different teams, and offering program management solutions.

Trimble’s program management solutions include 3D conceptual design and modeling software, integrated site layout and measurement systems, and project planning solutions such as cost estimating and scheduling.

  • Geospatial:

Trimble provides solutions for its customers working in surveying, engineering, and government by offering data collection systems, field software, communications systems, and back-office software for data processing, modeling, reporting, and analysis.

In addition, Trimble offers handheld data collection devices for Geographic Information Systems.

  • Resources and Utilities:

Trimble provides solutions for its customers working in agriculture, forestry, and utilities by offering autonomous steering systems for tractors and other farm equipment.

Trimble also offers automated and variable-rate application systems and information management solutions to improve crop performance, profitability, and environmental quality.

  • Transportation:

Trimble provides solutions for its customers working in long-haul trucking and freight shipper markets by providing mobility solutions, including route management, video intelligence, fleet maintenance, and navigation solutions. 

The contributions from each of Trimble’s revenue segments in their 2020 annual report were as follows:

Practical Islamic Finance concludes:

None of Trimble’s revenue comes from anything inherently haram.

Does Trimble rely on interest to operate?

According to the company’s annual report for the fiscal year ended January 1, 2021 (Numbers in thousands, U.S. dollars):

Interest Income: $0

Total Revenue: $3,147,700

Interest Expense: $77,600

Total Expenses: $2,702,100

Interest Income / Revenue: 0%

Interest Expense / Total Expense: 2.87%

Practical Islamic Finance concludes:

Riba is used but not relied upon in Trimble’s operations.

What is Trimble’s Environmental, Social, and Governance (ESG) impact?

Environment

According to Trimble, its “solutions are estimated to reduce millions of metric tons of greenhouse gas emissions annually to customers in the agriculture, construction, and transportation sectors.”

Social

Trimble has a high Glassdoor rating of 4.1 out of 5.0 from over 800 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:

Trimble has a net positive ESG impact.

Comfort Rating

From Trimble’s business, financial, and ESG reviews, Practical Islamic Finance rates Trimble stock as:

Comfortable to invest in from a Halal perspective.

Sources

TRIMBLE INC. 10-K 

2020 Sustainability Report 

Trimble Reviews