Is Danaher Stock Halal?

Is Danaher Stock Halal?

How much of Danaher’s revenue comes from haram?

Danaher earns its revenue from the following revenue sources:

  • Life Sciences:

Includes instruments and consumables used for drug discovery, drug and vaccine development, regulatory validation, and production sold to biopharmaceutical, food and beverage, and medical companies. 

Danaher sells breathing circuits, intravenous filters (IVs), and water filters to hospitals to control the spread of infections.

In addition, Danaher provides filtration solutions to prolong equipment life in applications such as semiconductor equipment, airplanes, oil refineries, power generation turbines, petrochemical plants, municipal water plants, and mobile mining equipment.

  • Diagnostics:

Includes analytical instruments, reagents, consumables, software, and services used in medical settings to diagnose diseases and make treatment decisions.

  • Environmental & Applied Solutions:

Includes analytical instruments, consumables, software, and services used to detect and measure chemicals and microbiological parameters in ultra-pure, potable, industrial, waste, municipal, ground, source, and ocean water.

Danaher also provides chemical treatment solutions and ultraviolet disinfection systems used to treat water.

The contributions from each of Danaher’s revenue segments in their 2020 annual report were as follows:

Practical Islamic Finance concludes:

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

Does Danaher rely on interest to operate?

According to the company’s annual report for the fiscal year ended December 31, 2020 (Numbers in thousands, U.S. dollars):

Interest Expense: $275,000

Total Expenses: $18,053,000

Interest Income: $71,000

Total Revenue: $22,284,000

Interest Expense / Total Expenses: 1.52%

Interest Income / Revenue: 0.32%

Practical Islamic Finance concludes:

Riba is used but is not relied upon in Danaher’s operations. 

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


According to Danaher’s 2020 annual report, the company disinfects billions of gallons of municipal, industrial, and consumer water every day for safe use and drinking.

In addition, Danaher’s water filtration and treatment solutions significantly reduce water usage, energy consumption, and CO2 emissions for its customers. 


Danaher has a high Glassdoor rating of 4.1 out of 5.0 from over 500 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.

In addition, Danaher has donated $1M (USD) to nonprofit organizations focused on COVID-19 relief efforts and offers 2:1 matching for all its associate’s donations to these organizations (for up to an additional $1M USD).


No notable governance highlights.

Practical Islamic Finance concludes:

Danaher has a net positive ESG impact.

Comfort Rating

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

Comfortable to invest in from a Halal perspective.



2020 Sustainability Report

Danaher Reviews

Danaher to Donate up to $2M for COVID-19 Relief  

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