SAIA
Saia Inc.
Is SAIA Halal?
Regional LTL carrier — permissible transportation.
What You Should Know
Saia provides less-than-truckload freight services. Permissible logistics business. Its March 31, 2026 Form 10-Q reports $3,563.637 million of assets, $112.759 million of interest-bearing debt, $39.177 million of cash, $376.967 million of receivables and $806.226 million of quarterly operating revenue. Debt/assets is 3.16%, liquidity/assets is 1.10%, receivables-plus-cash/assets is 11.68%, and disclosed interest income is 0.01% of revenue; financial ratios pass while customer and cargo end uses remain qualitative.
⚠️ Concerns
- •Customer and cargo end-use mix
- •Brokered truckload and logistics services
- •Minor interest income
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-15.
112.759 / 3,563.637
39.177 / 3,563.637
416.144 / 3,563.637
0.063 / 806.226
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 3.16%, liquidity/assets is 1.10%, receivables-plus-cash/assets is 11.68%, and disclosed income is 0.01% of revenue; business activity remains incomplete.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 3.16%, liquidity/assets is 1.10% and receivables-plus-cash/assets is 11.68%, below the examined MSCI limits; activity remains qualitative.
- Financial
- Pass
- Overall
- Incomplete
Debt/assets is 3.16% and liquidity/assets is 1.10%; activity remains incomplete and this is a calculation against SAC ratios, 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
Saia provides less-than-truckload freight transportation and related logistics services. The core activity is generally permissible, while customer industries, cargo end uses and brokered services require qualitative review.
Limitation: The filing does not allocate every shipment, customer or cargo end use into a universal prohibited-activity numerator.
Purification
Saia discloses $0.063 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 Saia's March 31, 2026 Form 10-Q.
- Interest-bearing debt is current long-term debt of $0.759 million plus long-term debt of $112.000 million; operating lease liabilities are excluded.
- Cash and cash equivalents are $39.177 million; no separate interest-bearing securities line is reported.
- Accounts receivable, net are $376.967 million and quarterly operating revenue is $806.226 million. Interest income is $0.063 million.
- Freight transportation and logistics are generally permissible, but customer industries and cargo end uses remain qualitative.
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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