How much of ChargePoint’s revenue comes from haram?

ChargePoint provides electric vehicle charging networks and solutions in the United States.

The company earns its revenue from the following segments: 

  • Networked Charging Systems:

Includes revenue related to deliveries of EV charging system infrastructure, including Level 1 home chargers typically sold to drivers, Level 2 AC chargers for commercial use, and Level 3 DC fast charging systems for urban/corridor charging and for fleet operators.

  • Subscriptions:

Includes revenue generated from services related to Cloud, as well as extended maintenance service plans under Assure for businesses to offer ChargePoint electric vehicle charging.

  • Other:

Includes fees received for transferring regulatory credits earned for participating in low carbon fuel programs in approved states, charging related fees received from drivers using charging sites owned and operated by ChargePoint, net transaction fees earned for processing payments collected on driver charging sessions at charging sites owned by its customers, and other professional services.

The contributions from each of ChargePoint’s revenue segments in their 2021 annual report were as follows:

Practical Islamic Finance concludes:

None of ChargePoint’s revenue comes from anything inherently haram.

Does ChargePoint rely on interest to operate?

for period ended
Fiscal year
Fiscal year
Interest Income $47$315$3,245
Total Revenue $96,631$146,490$144,515
Interest Expense $1,499$3,253$3,544
Total Expenses $217,517$267,482$276,879
Interest Income / Revenue0.05%0.22%2.25%
Interest Expense / Total Expense0.69%1.22%1.28%
*Numbers in thousands, U.S. dollars

Practical Islamic Finance concludes:

Riba is used but not relied upon in ChargePoint’s operations.

What is ChargePoint’s Environmental, Social, and Governance (ESG) impact?


So far, the energy provided by Chargepoint’s electric charging stations would have required burning more than 120 million gallons of gasoline. Therefore, Chargepoint is helping spare the environment from tons of harmful byproducts emitted from gasoline burning. 


ChargePoint has a Glassdoor rating of 3.9 out of 5.0 from over 125 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.


No notable governance highlights.

Practical Islamic Finance concludes:

ChargePoint has a net positive ESG impact.

Comfort Rating

From ChargePoint’s business, financials, and ESG reviews, Practical Islamic Finance rates ChargePoint’s stock as: 

Comfortable to invest in from a Halal perspective.


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