Is Rivian (RIVN) Halal to invest in?

Is Rivian (RIVN) Halal to invest in?

How much of Rivian’s revenue comes from haram?

Rivian currently does not generate revenue.

Rivian is currently developing electric pickup trucks and SUVs with a focus on autonomy. 

The company has a contract with Amazon to produce and deliver 100,000 electric delivery vans through 2024. 

Practical Islamic Finance concludes:

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

Does Rivian rely on interest to operate?

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


Transportation is the largest contributor to U.S. greenhouse gas emissions, accounting for 29% of total emissions in 2019. According to MIT research, on average in the United States, an electric vehicle would emit about 200 grams of CO2 per mile, while combustion engine vehicles emit 275 grams of CO2 per mile. With the gap in carbon footprint continuing to increase over time as electric vehicle makers become more efficient. From the above, PIF believes Rivian’s business has the potential to have a fundamentally positive impact on the environment.


Rivian has a high Glassdoor rating of 4.3 out of 5 from over 300 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.


No notable governance highlights.

Practical Islamic Finance concludes:

Rivian has a net positive ESG impact. 

Comfort Rating

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

Comfortable to invest in from a Halal perspective.


Rivian S-1 

Rivian Reviews 

Sources of Greenhouse Gas Emissions | US EPA

Greenhouse Gas Emissions from a Typical Passenger Vehicle | US EPA  

Rivian Has Built 56 R1Ts As Of October 22 Or Two Vehicles A Day 

Rivian expands into fleet business beyond its ‘exclusive’ Amazon deal

Lifetime emissions of EVs are lower than gasoline cars, experts say 

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