Is Piedmont Lithium Stock Halal?

Is Piedmont Lithium Stock Halal?

How much of Piedmont Lithium’s revenue comes from haram?

Piedmont currently does not generate any revenue.

It is the 100% owner of the Piedmont Lithium Project, a lithium exploration project seeking to supply battery-grade lithium hydroxide to the electric vehicle and battery storage markets.

Practical Islamic Finance concludes:

None of Piedmont Lithium’s revenue comes from anything inherently haram.

Does Piedmont Lithium rely on interest to operate?

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


According to Piedmont, the company will obtain it’s electricity supply from low-carbon sources including a newly constructed, advanced natural gas generating station. 


No notable social highlights.


No notable governance highlights.

Practical Islamic Finance concludes:

Piedmont Lithium has a net positive ESG impact.

Comfort Rating

From Piedmont Lithium’s business, financial, and ESG reviews, Practical Islamic Finance rates Piedmont Lithium stock as: 

Comfortable to invest in from a halal perspective.


Piedmont 2020 20-F 

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