Is Rhodium Enterprises (RHDM) Halal to invest in?
Table of Contents
How much of Rhodium Enterprises’ revenue comes from haram?
Rhodium primarily earns its revenue from mining Bitcoin.
Practical Islamic Finance concludes:
None of Rhodium’s revenue comes from anything inherently haram.
Does Rhodium Enterprises rely on interest to operate?
| Year-to-Date for period ended 6/30/2021 | Fiscal year ended 12/31/2020 | Fiscal year ended 12/31/2019 | |
|---|---|---|---|
| Interest Income | $9,051 | $16 | – |
| Total Revenue | $48,181 | $5,150 | – |
| Interest Expense | $9,740 | $422 | – |
| Total Expenses | $30,181 | $6,024 | – |
| Interest Income / Revenue | 18.79% | 0.31% | – |
| Interest Expense / Total Expense | 32.27% | 7.01% | – |
Practical Islamic Finance concludes:
Riba is relied upon in Rhodium’s operations.
What is Rhodium Enterprises’ Environmental, Social, and Governance (ESG) impact?
Environment
Rhodium recently entered a long term lease for a 185 megawatt site powered by renewable energy.
According to Rhodium, the company intends to reach 100% net carbon neutrality by the end of 2022.
Social
No notable social highlights.
Governance
No notable governance highlights.
Practical Islamic Finance concludes:
Rhodium has a net positive ESG impact.
Comfort Rating
From Rhodium’s business, financial, and ESG reviews, Practical Islamic Finance rates Rhodium stock as: