Is Tattooed Chef Stock Halal?
Table of Contents
How much of Tattooed Chef’s revenue comes from haram?
Tattooed Chef sells plant-based frozen meals to retailers in the United States.
Practical Islamic Finance concludes:
None of Tattooed Chef’s revenue comes from anything inherently haram.
Does Tattooed Chef rely on interest to operate?
| Year to Date for the period ending March 31, 2021 | Fiscal year ended December 31, 2020 | Fiscal year ended December 31, 2019 | |
|---|---|---|---|
| Interest Income | – | – | $4,289 |
| Total Revenue | $52,682 | $148,492 | $84,919 |
| Interest Expense | $20 | $735 | $494 |
| Total Expenses | $59,700 | $157,377 | $78,663 |
| Interest Income / Revenue | – | – | 5.05% |
| Interest Expense / Total Expense | 0.03% | 0.47% | 0.63% |
Practical Islamic Finance concludes:
Riba is used but not relied upon in Tattooed Chef’s operations.
What is Tattooed Chef’s Environmental, Social, and Governance (ESG) impact?
Environment
Tattooed Chef does not provide any specific statistics on how their products impact the environment.
However, some studies have shown that plant-based diets can reduce water usage and greenhouse gas emissions compared to meat.
Social
No notable social highlights.
Governance
No notable governance highlights.
Practical Islamic Finance concludes:
Tattooed Chef has a net positive ESG impact.
Comfort Rating
From Tattooed Chef’s business, financial, and ESG reviews, Practical Islamic Finance rates Tattooed Chef stock as:
Comfortable to invest in from a Halal perspective.
Sources
Sustain UCLA: The Case for Plant Based
New Research Says Plant-based Diet Best for Planet and People – Our World