Is Grainger Stock Halal?

Is Grainger Stock Halal?

How much of Grainger’s revenue comes from haram?

Grainger is a broad line, business-to-business distributor of maintenance, repair and operating (MRO) products and services.

Grainger’s MRO products include material-handling equipment, safety and security supplies, lighting and electrical products, power and hand tools, pumps and plumbing supplies, cleaning and maintenance supplies, and metalworking tools.

In addition, Grainger’s services include technical product support and inventory management solutions.

Practical Islamic Finance concludes:

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

Does Grainger rely on interest to operate?

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What is Grainger Environmental, Social, and Governance (ESG) impact?

Environment

According to Grainger’s 2021 Corporate Responsibility Report, since 2011, Grainger has reduced its direct and indirect greenhouse emissions associated with purchasing electricity, heat, cooling, or steam by 37 percent.

In addition, Grainger currently has 5.3 megawatts of solar panel installations at its distribution centers.

Social

In 2020, Grainger donated more than $41 million in cash and products to nonprofit organizations.

Grainger has a Glassdoor rating of 3.9 out of 5.0 from over 3,000 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:

Grainger has a net positive ESG impact.

Comfort Rating

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

Comfortable to invest in from a Halal perspective.

Sources

Grainger 2021 Corporate Responsibility 

Grainger Q2 2021 10-Q

Grainger 2020 10-K

Grainger Reviews   

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