Is Desktop Metal Stock Halal?
Table of Contents
How much of Desktop Metal’s revenue comes from haram?
Desktop Metal manufactures and commercializes additive manufacturing solutions, commonly referred to as 3D printing, for engineers, designers, and manufacturers.
Desktop Metal earns its revenue from the following segments:
- Product Revenue:
Includes sales of additive manufacturing systems and related accessories, as well as consumables used to produce parts.
- Service Revenue:
Includes installation, training, and post-installation hardware and software support and various software solutions the Company offers to facilitate the design of parts and operation of the Company’s products.
The contributions from each of Desktop Metal’s revenue segments in their 2020 annual report were as follows:
Practical Islamic Finance concludes:
None of Desktop Metal’s revenue comes from anything inherently haram.
Does Desktop Metal rely on interest to operate?
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What is Desktop Metal’s Environmental, Social, and Governance (ESG) impact?
Environment
3D printing generates less waste and uses fewer raw materials than traditional manufacturing, resulting in lower carbon emissions.
Social
Desktop Metal has an impressively high Glassdoor rating of 4.4 out of 5 from 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:
Desktop Metal has a net positive ESG impact.
Comfort Rating
From Desktop Metal’s business, financial, and ESG reviews, Practical Islamic Finance rates Desktop Metal stock as:
Comfortable to invest in from a Halal perspective.
Sources
4 ways the way we make things can change for a sustainable world