Is Aurinia Pharmaceuticals Stock Halal?
Table of Contents
How much of Aurinia Pharmaceuticals’ revenue comes from haram?
Aurinia Pharmaceuticals develops therapeutics against rare autoimmune and kidney-related diseases.
Aurinia earns its revenue primarily from the following revenue sources:
- Product Revenue:
Includes revenue generated from selling LUPKYNIS to treat patients with active lupus nephritis.
- Collaboration and License Agreements:
Includes revenue generated from the license agreement with Otsuka Pharmaceutical to develop and commercialize oral LUPKYNIS.
The contributions from each of Aurinia’s revenue segments in their Q2 2021 report were as follows:
Practical Islamic Finance concludes:
None of Aurinia’s revenue comes from anything inherently haram.
Does Aurinia Pharmaceuticals rely on interest to operate?
| Year-to-Date for period ended 6/30/2021 | Fiscal year ended 12/31/2020 | Fiscal year ended 12/31/2019 | |
|---|---|---|---|
| Interest Income | $314 | $1,516 | $2,702 |
| Total Revenue | $7,534 | $50,118 | $318 |
| Interest Expense | – | – | – |
| Total Expenses | $105,211 | $154,408 | $91,261 |
| Interest Income / Revenue | 4.17% | 3.02% | 849.69% |
| Interest Expense / Total Expense | – | – | – |
Practical Islamic Finance concludes:
Riba is used but not currently relied upon in Aurinia Pharmaceuticals’ operations.
What is Aurinia Pharmaceuticals’ Environmental, Social, and Governance (ESG) Impact?
Environment
No notable environmental highlights.
Social
According to lupkynis.com, nearly 1 out of 2 people with lupus develop lupus nephritis over time.
Until recently, there were no FDA-approved treatments specifically for lupus nephritis.
Aurinia has a positive impact on patients living with the disease, preventing them from developing serious health problems, including permanent kidney damage and kidney failure.
Governance
No notable governance highlights.
Practical Islamic Finance concludes:
Aurinia has a net positive ESG impact.
Comfort Rating
From Aurinia’s business, financial, and ESG reviews, Practical Islamic Finance rates Aurinia stock as: