Is 3D Systems Stock Halal?
Table of Contents
How much of 3D Systems’ revenue comes from haram?
3D systems earns its revenue from the following revenue sources:
- Products:
Includes 3D printers, printing materials, 3D design software solutions, haptic design tools, 3D scanners, and 3D virtual reality surgical simulators used for medical applications.
- Services:
3D Systems provides support services for its products, including installation of new printers, maintenance agreements, hardware upgrades, and software updates.
In addition, 3D Systems offers on-demand manufacturing services through its facilities for prototyping, producing, and as order-fulfillment centers.
3D Systems offers surgical planning, modeling, prototyping, and manufacturing services, including printing and finishing medical and dental devices, anatomical models, and surgical guides and tools.
The contributions from each of 3D Systems’ revenue segments in their 2020 annual report were as follows:
Practical Islamic Finance concludes:
None of 3D Systems revenue comes from anything inherently haram.
Does 3D Systems rely on interest to operate?
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What is 3D Systems’ Environmental, Social, and Governance (ESG) impact?
Environment
According to 3D Systems, the company recycled more than 442,489 pounds of materials in 2020, 11,892 pounds being electronic waste.
In addition, 3D printing technology offers substantially less production waste than traditional manufacturing.
Social
3D Systems has a slightly below average Glassdoor rating of 3.2 out of 5.0 from over 350 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.
Comfort Rating
From 3D Systems’ business, financial, and ESG reviews, Practical Islamic Finance rates 3D Systems stock as: