Is Veracyte Inc (VCYT) stock halal to invest in?

Q: Is Veracyte Inc (VCYT) stock halal to invest in?

Halal Investors analysed and rated Veracyte Inc (VCYT) with the comfort rating: 'Entirely Comfortable'. We scored Veracyte Inc (VCYT) with the following scores: Business score: 5/5, Financial score: 5/5, ESG score: 5/5.

Veracyte, Inc. operates as a diagnostics company worldwide. The company offers Afirma Genomic Sequencing Classifier and Xpression Atlas, which are used to determine patients with indeterminate results are benign to avoid unnecessary surgery; Decipher Prostate Biopsy and Radical Prostatectomy for... Read More

Industry: Biotechnology Sector: Healthcare

Currently in review using our new methodology check back by end of Jan 2022

Veracyte Inc (VCYT)

Entirely Comfortable

Business Score

Financial Score

ESG Score

Report Summary

None of the business's revenue comes from Haram.
Interest is not used while running the company.
The company has a substantial positive impact on the environment, society and governance.

What are Halal Investors' Comfort Levels?

Our Comfort Levels are based on our analysts’ latest review of a company's business, finances, and Environmental, Social and Governance (ESG) Impact. Our reports are not meant to be understood as a religious ruling (fatwa). Rather, they represent our best efforts in trying to identify whether a company is engaged in anything forbidden in Islam (haram) and to what extent. Based on our analysis, we determine our Comfort Level with investing in the company. We encourage readers to let us know if we missed anything in the comments and to voice their agreement/disagreement by leaving a thumbs up/down. Read more about our methodology.