Is Exact Sciences Stock Halal?

Is Exact Sciences Stock Halal?

How much of Exact Sciences revenue comes from haram?

Exact Sciences derives its revenue from a range of screening and diagnostic test products that detect multiple types of cancers and Covid-19.

Practical Islamic Finance concludes:

None of Exact Sciences’ revenue comes from anything inherently haram.

Does Exact Sciences rely on interest to operate?

Exact Sciences reports its Interest Income & Expenses as a net value.

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

Interest Expense (net): $95,983

Total Expenses: $2,049,685

Interest Expense / Total Expense: 4.68%

The following table shows the declining percentage net interest expense makes up relative to total expenses from 2018 to 2020.

Interest Expense (net)5.99%5.55%4.68%

Practical Islamic Finance concludes:

Riba is used but not relied upon in Exact Sciences operations.

What is Exact Sciences’ Environmental, Social, and Governance (ESG) impact?


In 2020, Exact Sciences installed a 30,000-gallon stormwater collection tank in their 169,000-square-foot laboratory, resulting in an energy cost savings of 74%.


Exact Sciences has a high Glassdoor rating of 4.2 out of 5.0 from over 200 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.

Some compensation and benefits Exact Sciences offers its employees according to its 2020 Sustainability Report are:

  • One-to-one match for charitable donations.
  • Parental leave for new mothers and fathers.
  • Company stock distributions for all new employees and additionally each year. 
  • A minimum of three weeks of paid time off for all full-time employees, plus sick leave and personal holidays. 


No noteworthy Governance highlights were found.

Practical Islamic Finance concludes:

Exact Sciences has a substantially positive ESG impact.

Comfort Rating

From Exact Sciences’ business, financial, and ESG reviews, Practical Islamic Finance rates Exact Sciences as:

Comfortable to invest in from a Halal perspective.



Exact Sciences Reviews

Exact Sciences 2020 Sustainability Report 

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