The invention relates to a permeable reactive barrier dielectric material used for remedying underground water pollution, which comprises the following components in percentage by weight: 20 to 30 percent of sintering aggregate, 15 to 25 percent of CaO2, 5 to 10 percent of MgO2, 10 to 15 percent of FeO and the balance of peat, wherein the aggregate is prepared from 1 to 3 of coal ash, 1 to 3 of clay, 1 to 3 of zeolite and 1 to 3 of gypsum in proportion by weight by preheating and high-temperature sintering. In the invention, after the compound material is filled in a permeable reactive barrier, underground water which is suffered from multiple pollution of heavy metal, organic matter and the like can be remedied at the same time; the treatment effect of the material is greatly superior to that of an active medium made of a single material. Meanwhile, the material has long service life, and replaced materials are nontoxic and innocuous. The invention is beneficial to the popularization and the application of a novel underground water pollution remediation technology-a permeable reactive barrier technology.