Is Ichor Systems Stock Halal?
Table of Contents
How much of Ichor Systems’ revenue comes from haram?
Ichor manufactures fluid delivery subsystems and components for semiconductor capital equipment including gas and chemical delivery systems and subsystems.
Practical Islamic Finance concludes:
None of Ichor’s revenue comes from anything inherently haram.
Does Ichor rely on interest to operate?
| Year-to-Date for period ended 3/26/2021 | Fiscal year ended 12/25/2020 | Fiscal year ended 12/27/2019 | |
|---|---|---|---|
| Interest Income | – | – | – |
| Total Revenue | $264,566 | $914,236 | $620,837 |
| Interest Expense | $1,919 | $8,727 | $10,647 |
| Total Expenses | $246,309 | $872,684 | $605,860 |
| Interest Income / Revenue | – | – | – |
| Interest Expense / Total Expense | 0.78% | 1.00% | 1.76% |
Practical Islamic Finance concludes:
Riba is used but not relied upon in Ichor’s operations.
What is Ichor Systems’ Environmental, Social, and Governance (ESG) impact?
Environment
Ichor states it is working to reduce its carbon footprint by optimizing its facilities’ energy use by transitioning from incandescent and fluorescent lighting to LEDs and upgrading manufacturing equipment with new energy-efficient models.
Social
Ichor has a slightly below average Glassdoor rating of 3.1 out of 5.0 from current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.
Upon reading a number of reviews, Practical Islamic Finance did not find the critical reviews to be a concern with regard to investing from a halal perspective.
Governance
No notable governance highlights.
Practical Islamic Finance concludes:
Ichor has a net positive ESG impact.
Comfort Rating
From Ichor’s business, financial, and ESG reviews, Practical Islamic Finance rates Ichor stock as: