Is PetMed Express Stock Halal?
Table of Contents
How much of PetMed Express’ revenue comes from haram?
PetMed Express operates as an online pet pharmacy offering prescription and non-prescription pet medications, and other health products for dogs, cats, and horses.
The company operates through the following segments:
Non-Prescription Medications and supplies:
Includes flea and tick control products, bone and joint care products, vitamins, treats, nutritional supplements, hygiene products, and supplies.
Prescription Medications:
Includes heartworm, flea, and tick preventatives, arthritis, dermatitis, thyroid, diabetes, pain medications, heart/blood pressure, and other specialty medications, as well as generic substitutes.
Practical Islamic Finance concludes:
None of PetMed’s revenue comes from anything inherently haram.
Does PetMed Express rely on interest to operate?
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What is PetMed Express’ Environmental, Social, and Governance (ESG) impact?
Environment
No notable environmental highlights.
Social
PetMed has a Glassdoor rating of 2.9 out of 5.0 from 17 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:
While PetMeds’ employee reviews need improvement, it is in a business that is fundamentally good. In light of the positive impact its products have in the lives of its customers and their pets, we think it has a net positive ESG impact.
Comfort Rating
From PetMed Express’ business, financial, and ESG reviews, Practical Islamic Finance rates PetMed Express stock as: