ODFL
Old Dominion Freight Line, Inc.
Is ODFL Halal?
Less-than-truckload freight and logistics are generally permissible, and the current asset-based financial ratios pass with substantial margin; downstream allocation remains incomplete.
What You Should Know
Old Dominion's March 31, 2026 Form 10-Q reports $5,656.948 million of total assets, $39.996 million of interest-bearing debt, $288.082 million of cash, $566.505 million of customer and other receivables, $1,334.696 million of quarterly revenue and $2.280 million of interest income. ZakatInvest's current calculations are debt/assets 0.71%, liquidity 5.09%, receivables plus cash/assets 15.11% and interest income/revenue 0.17%; the examined FTSE Yasaar, MSCI total-assets and Malaysia SAC financial ratios pass. The LTL carrier, drayage, brokerage and supply-chain services are generally permissible, but a universal prohibited-revenue numerator is not disclosed. This is a current ZakatInvest calculation, not an index-membership claim.
⚠️ Concerns
- •Debt/assets of 0.71%, liquidity of 5.09% and receivables plus cash/assets of 15.11% pass the examined asset-based limits, but capital spending, buybacks and freight cycles can change the ratios
- •Disclosed interest income is 0.17% of quarterly revenue; purification remains methodology- and scholar-specific
- •The company also offers expedited transportation, container drayage, truckload brokerage and supply-chain consulting, whose customer end uses are not universally allocated
- •Driver compensation, safety, claims, emissions, labor practices and network capacity remain broader ethical diligence topics
- •Old Dominion carries senior notes and maintains credit facilities despite its very low current debt balance
- •Market-cap denominator methods are not calculated without a licensed historical market-cap series
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-13.
39.996 / 5,656.948
288.082 / 5,656.948
854.587 / 5,656.948
2.28 / 1,334.696
- Financial
- Pass
- Overall
- Incomplete
Debt is 0.71%, liquidity is 5.09%, receivables plus cash/assets is 15.11% and disclosed interest income/revenue is 0.17%; the examined financial ratios pass. The downstream prohibited-revenue percentage remains unavailable.
- Financial
- Pass
- Overall
- Incomplete
Debt, liquidity, receivables plus cash and disclosed interest income pass the examined MSCI total-assets checks. This is a calculation against the named method, not an index-membership claim; business allocation remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt is 0.71%, liquidity is 5.09%, receivables plus cash/assets is 15.11% and disclosed interest income/revenue is 0.17%; the examined ratios pass. This is a calculation against SAC ratios, not an official classification of a U.S.-listed security.
- Financial
- Not calculated
- Overall
- Not calculated
A properly licensed and reproducible historical market-cap series is not stored, so these methods are not estimated from a current spot price.
Business-activity disclosure
Old Dominion is a North American less-than-truckload carrier providing regional, inter-regional and national freight services through an integrated network. Expedited transportation, container drayage, truckload brokerage and supply-chain consulting are generally permissible logistics activities at the business-line level.
Limitation: The filing does not provide a scholar-specific prohibited-revenue numerator for every customer, shipment, brokerage or supply-chain end use.
Purification
Disclosed interest income is 0.17% of quarterly revenue. A universal prohibited-revenue numerator and scholar-approved purification percentage are not separately disclosed, so this record does not prescribe a fixed rate.
Inputs, assumptions and primary sources
- Inputs use Old Dominion's March 31, 2026 Form 10-Q; amounts are USD millions converted from the filing's thousands presentation.
- Interest-bearing debt is $39.996 million, comprising $20.000 million of current maturities and $19.996 million of long-term debt.
- Cash and cash equivalents are $288.082 million; the filing does not separately report an interest-bearing securities portfolio.
- Receivables use $542.208 million of customer receivables plus $24.297 million of other receivables.
- Quarterly revenue from operations is $1,334.696 million and disclosed interest income is $2.280 million. The filing does not provide a universal prohibited-revenue numerator for downstream customers or services.
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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