Is Agilent Technologies Stock Halal?
Table of Contents
How much of Agilent Technologies’ revenue comes from haram?
Agilent Technologies earns its revenue from the following revenue sources:
- Life Sciences and Applied Markets:
Includes liquid chromatography, gas chromatography, mass spectrometry, spectroscopy, software and informatics, lab automation and robotics, vacuum technology, and cell analysis.
- Diagnostics and Genomics:
Includes reagents, instruments, software, and consumables that enable customers in the clinical and life sciences research areas to interrogate samples at the cellular and molecular level.
- Agilent CrossLab:
Includes consumables and supplies to complete customers’ analytical workflows, including sample preparation and storage.
In addition, Agilent offers maintenance, troubleshooting, repair and training services for its chemical and bioanalytical instrumentation hardware and software products.
The contributions from each of Agilent Technologies’ revenue segments in their 2020 annual report were as follows:
Practical Islamic Finance concludes:
None of Agilent Technologies’ revenue comes from anything inherently haram.
Does Agilent Technologies rely on interest to operate?
| Year-to-Date for period ended 4/30/2021 | Fiscal year ended 10/31/2020 | Fiscal year ended 10/31/2019 | |
|---|---|---|---|
| Interest Income | $1,000 | $8,000 | $36,000 |
| Total Revenue | $3,073,000 | $5,339,000 | $5,163,000 |
| Interest Expense | $39,000 | $78,000 | $74,000 |
| Total Expenses | $2,457,000 | $4,493,000 | $4,222,000 |
| Interest Income / Revenue | 0.03% | 0.15% | 0.70% |
| Interest Expense / Total Expense | 1.59% | 1.74% | 1.75% |
Practical Islamic Finance concludes:
Riba is used but not relied upon in Agilent Technologies’ operations.
What is Agilent Technologies’ Environmental, Social, and Governance (ESG) impact?
Environment
According to Agilent Technologies’ 2020 CSR Report, the company has invested $2.63M in sustainability initiatives, including energy projects which led to an offset of 2,143 metric tons of carbon.
Social
According to Agilent Technologies, the company donated over $9 million to universities, hospitals, research, and charitable organizations in 2020.
Agilent Technologies has a high Glassdoor rating of 4.3 out of 5.0 from over 2,000 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:
Agilent Technologies has a net positive ESG impact.
Comfort Rating
From Agilent Technologies’ business, financial, and ESG reviews, Practical Islamic Finance rates Agilent Technologies stock as:
Comfortable to invest in from a Halal perspective.
Sources
Agilent Technologies 2021 Q1 Report
Agilent Technologies 2021 Q2 Report
Agilent Technologies 2020 Annual Report