How much of Insulet Corporation’s revenue comes from haram?

Insulet Corporation develops insulin delivery devices and systems for individuals with insulin-dependent diabetes.

The company earns its revenue primarily from selling its Omnipod System, a small, self-adhesive, disposable tubeless device that the user fills with insulin and wears directly on the body.

In addition, Insulet offers a Personal Diabetes Manager device that programs the Omnipod System with the user’s personalized insulin-delivery instructions.

Practical Islamic Finance concludes:

None of Insulet Corporation’s revenue comes from anything inherently haram.

Does Insulet Corporation rely on interest to operate?

for period ended
Fiscal year
Fiscal year
Interest Income$400$3,000$6,900
Total Revenue$515,500$904,400$738,200
Interest Expense$30,200$48,100$34,600
Total Expenses$472,900$852,900$689,100
Interest Income / Revenue0.08%0.33%0.93%
Interest Expense / Total Expense6.39%5.64%5.02%
*Numbers in thousands, U.S. dollars

Practical Islamic Finance concludes:

From the consistently elevated levels of Interest Expense / Total Expense, Riba is relied upon in Insulet’s operations.

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


In 2019, Insulet began installing solar panels on its Acton, Massachusetts manufacturing facility to help reduce its energy costs and carbon footprint. 

In addition, in France, Insulet funds collection and recycling programs for its Omnipod devices where they are collected, disassembled, and recycled.


Insulet Corporation has a Glassdoor rating of 3.4 out of 5.0 from over 250 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.


No notable governance highlights

Practical Islamic Finance concludes:

Insulet Corporation has a net positive ESG impact.

Comfort Rating

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

Uncomfortable to invest in from a Halal perspective.

Justification for our rating

Insulet’s consistent elevated use of interest to run its operations suggests a systemic reliance on interest. This causes Practical Islamic Finance to be uncomfortable investing in the company from a Halal perspective.


Insulet 2020 10-K

Insulet Q2 2021 10-Q

Sustainability Report