Is AbCellera Biologics (ABCL) Halal to invest in?

Is AbCellera Biologics (ABCL) Halal to invest in?

How much of AbCellera’s revenue comes from haram?

AbCellera develops antibody discovery platforms. The company uses a full-stack AI-powered drug discovery platform to search, decode, and analyze the database of natural immune systems to find antibodies that can be developed as drugs. 

AbCellera earns its revenue primarily from the following revenue sources: 

  • Research Fees:

Includes revenue generated from providing technology access to partners and discovery research fees earned through the performance of the antibody research.

  • Licensing Revenue:

Includes revenue generated primarily from providing licensing to its humanized rodent platform, Trianni™.

  • Development Milestone and Royalty Revenue:

Includes revenues generated from clinical approval and commercial milestones and royalties on sales of the molecules that AbCellera discovers.

The contributions from each of AbCellera’s revenue segments in their Q2 2021 report were as follows:

Practical Islamic Finance concludes:

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

Does AbCellera rely on interest to operate?

for period ended
Fiscal year
Fiscal year
Interest Income$600$293$155
Total Revenue$230,384$233,155$11,612
Interest Expense$6,511$209
Total Expenses$79,409$77,124$15,729
Interest Income / Revenue0.26%0.13%1.33%
Interest Expense / Total Expense8.44%1.33%
*Numbers in thousands, U.S. dollars
*Interest income and interest expense are reported under other (income) expense 
  in income statement

Practical Islamic Finance concludes: 

Riba is used but not relied upon in AbCellera’s operation.

What is AbCellera’s Environmental, Social, and Governance (ESG) Impact?


No notable environmental highlights.


AbCellera has a high Glassdoor rating of 4.9 out of 5 from over 20 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies. 


No notable governance highlights.

Practical Islamic Finance concludes: 

AbCellera has a net positive ESG impact. 

Comfort Rating 

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

Comfortable to invest in from a halal perspective.


AbCellera 2020 Annual Report 

AbCellera 2021 Q2 10Q 

AbCellera Reviews 

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