Is Pacific Biosciences Stock Halal?
Table of Contents
How much of Pacific Biosciences’ revenue comes from haram?
Pacific Biosciences earns its revenue from the following revenue sources:
- Product Revenue:
Includes Pacific Biosciences sequencing system instruments and technologies used to resolve genetically complex problems and analyze biochemical sequencing reactions.
- Service and Other Revenue:
Includes product maintenance agreements sold on Pacific Biosciences’ installed instruments.
As of Q1, 2021, Pacific Biosciences’ revenue breakdown was as follows:
Practical Islamic Finance concludes:
None of Pacific Biosciences’ revenue comes from anything inherently haram.
Does Pacific Biosciences rely on interest to operate?
Pacific Biosciences reports its Interest Income & Expenses as a net value.
For the Trailing Twelve Months as of March 31, 2021 (Numbers in thousands, U.S. Dollars):
Interest Expense (net): $1,789
Total Expenses: $197,678
Interest Expense / Total Expense: 0.91%
Practical Islamic Finance concludes:
Riba is used but not relied upon in Pacific Biosciences’ operations.
What is Pacific Biosciences Environmental, Social, and Governance (ESG) impact?
Environment
No notable environmental highlights.
Social
Pacific Biosciences has a relatively high Glassdoor rating of 4.2 out of 5.0 from over 70 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:
Pacific Biosciences has a net positive ESG impact.
Comfort Rating
From Pacific Biosciences’ business, financial, and ESG reviews, Practical Islamic Finance rates Pacific Biosciences as:
Comfortable to invest in from a Halal perspective.
Sources