KNX
Knight-Swift Transportation
Is KNX Halal?
Trucking company — permissible freight services; financial screens pass.
What You Should Know
Knight-Swift operates truckload freight services across North America. March 2026 filing ratios are below the examined financial limits and disclosed interest income is 0.10% of revenue, but activity remains incomplete and customer end uses require qualitative review.
⚠️ Concerns
- •Customer and cargo end-use mix
- •Current debt line combines finance leases and debt
- •Interest income
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
1,850.044 / 11,946.756
222.774 / 11,946.756
648.296 / 11,946.756
1.806 / 1,850.223
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 15.49%, liquidity/assets is 1.86% and receivables-plus-cash/assets is 5.43%; activity remains incomplete and disclosed interest income is 0.10% of revenue.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 15.49%, liquidity/assets is 1.86% and receivables-plus-cash/assets is 5.43%; business activity remains qualitative and this is not an index-membership claim.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 15.49% and liquidity/assets is 1.86%; activity remains incomplete and this is not an official classification.
- Financial
- Not calculated
- Overall
- Incomplete
A properly licensed and reproducible historical market-cap series is not stored; filing-based asset ratios remain documented.
Business-activity disclosure
Knight-Swift operates truckload freight and logistics services. Transportation is generally permissible, while customer industries and cargo end uses require qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across customers and cargo.
Purification
Knight-Swift discloses $1.806 million of interest income but does not provide a complete prohibited-activity numerator or scholar-approved purification percentage.
Inputs, assumptions and primary sources
- Amounts are USD millions from Knight-Swift's March 31, 2026 Form 10-Q.
- Debt uses the disclosed current finance-lease-and-long-term-debt line of $486.021 million, $658.000 million revolving credit and $706.023 million long-term debt less current; the current line combines finance leases and debt.
- Cash and cash equivalents are $222.774 million; $70.447 million restricted cash is excluded and no interest-bearing securities line is reported.
- Accounts receivable are $425.522 million and quarterly revenue is $1,850.223 million; interest income is $1.806 million.
- Truckload freight and logistics are generally permissible, but customer industries and cargo end uses require qualitative review.
This is a reproducible financial screen, not a fatwa. A failed total-assets screen can coexist with a pass under a market-cap methodology. ZakatInvest keeps the qualitative assessment separate so numerical thresholds do not erase material context.
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