Derivation: Al-Lat in Arabic means "the Goddess" in the same manner that al-Lah (Allah) means "the God." So Herbert is implying an ancient cult of sun worship, and the sun as a female deity. (Ancient Earth cultures seem to have no consensus on the question of the sun's gender, AFAIK.)

In Islam, al-Lat figures in the life of the Prophet Muhammad because she was one of the goddesses in the pantheon of the Arab pagan religion. Muhammad was instrumental in replacing this cult with monotheism.