How much of Ichor Systems’ revenue comes from haram?

Ichor manufactures fluid delivery subsystems and components for semiconductor capital equipment including gas and chemical delivery systems and subsystems.

Practical Islamic Finance concludes:

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

Does Ichor rely on interest to operate?

Year-to-Date
for period ended
3/26/2021
Fiscal year
ended
12/25/2020
Fiscal year
ended
12/27/2019
Interest Income
Total Revenue$264,566$914,236$620,837
Interest Expense $1,919$8,727$10,647
Total Expenses$246,309$872,684$605,860
Interest Income / Revenue
Interest Expense / Total Expense0.78%1.00%1.76%
*Numbers in thousands, U.S. dollars

Practical Islamic Finance concludes:

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

What is Ichor Systems’ Environmental, Social, and Governance (ESG) impact?

Environment

Ichor states it is working to reduce its carbon footprint by optimizing its facilities’ energy use by transitioning from incandescent and fluorescent lighting to LEDs and upgrading manufacturing equipment with new energy-efficient models.

Social

Ichor has a slightly below average Glassdoor rating of 3.1 out of 5.0 from current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.

Upon reading a number of reviews, Practical Islamic Finance did not find the critical reviews to be a concern with regard to investing from a halal perspective. 

Governance

No notable governance highlights.

Practical Islamic Finance concludes:

Ichor has a net positive ESG impact.

Comfort Rating

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

Comfortable to invest in from a Halal perspective.

Sources

2021 Q1 10-Q

2020 10-K  

Environment

Glassdoor Rating