Is Zymergen Stock Halal?
Table of Contents
How much of Zymergen’s revenue comes from haram?
Zymergen earns its revenue primarily from the following revenue sources:
- Research and Development Service Contracts:
Includes revenue generated from engaging in R&D services to help its customers develop bio-based products.
- Collaboration Agreements:
Includes revenue generated from collaborative agreements with partners, primarily Sumitomo Chemical, to develop bio-manufactured products.
Zymergen does not expect product revenue in 2021 and expects product revenue to be immaterial in 2022.
The contributions from each of Zymergen’s revenue segments in their Q2 2021 report were as follows:
Practical Islamic Finance concludes:
None of Zymergen’s revenue comes from anything inherently haram.
Does Zymergen rely on interest to operate?
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What is Zymergen’s Environmental, Social, and Governance (ESG) Impact?
Environment
No notable environmental highlights.
Social
Zymergen has an in line with average Glassdoor rating of 3.2 out of 5 from over 130 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:
Zymergen has a net positive ESG impact.
Comfort Rating
From Zymergen’s business, financial, and ESG reviews, Practical Islamic Finance rates Zymergen stock as: