Is Piedmont Lithium Stock Halal?
Table of Contents
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?
Environment
According to Piedmont, the company will obtain it’s electricity supply from low-carbon sources including a newly constructed, advanced natural gas generating station.
Social
No notable social highlights.
Governance
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: