Is Intuitive Surgical Stock Halal?
Table of Contents
How much of Intuitive Surgical’s revenue comes from haram?
Intuitive Surgical is a robotic surgical device developer who manufactures the Da Vinci Surgical System.
Intuitive Surgical earns its revenue from the following revenue sources:
- Product Sales:
Includes revenue generated from sales of the company’s Da Vinci Surgical System and its compatible instruments which allow surgeons to operate remotely with machine precision.
- Service Revenue:
Includes revenue generated from the company’s field engineering services and system training programs provided to surgeons, surgical assistants, and operating room nurses. This includes 24/7 support, installation, repair, and maintenance, provided through time and material programs and service contracts.
The contributions from each of Intuitive’s revenue segments in their 2020 annual report were as follows:
Practical Islamic Finance concludes:
None of Intuitive Surgical’s revenue comes from anything inherently haram.
Does Intuitive Surgical rely on interest to operate?
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What is Intuitive Surgical’s Environmental, Social, and Governance (ESG) impact?
Environment
Intuitive has set out to improve its sustainability by adding 294 EV charging ports across its facilities, reduced its greenhouse gas emissions by over 1.1 million pounds, collected and recycled over 800,000 pounds of waste, and saved over 130,000 gallons of water in 2020.
Social
Intuitive Surgical has an impressively high Glassdoor rating of 4.5 out of 5.0 from over 750 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:
Intuitive Surgical has a net positive ESG impact.
Comfort Rating
From Intuitive Surgical’s business, financial, and ESG reviews, Practical Islamic Finance rates Intuitive Surgical stock as: