XPO
XPO Logistics
Is XPO Halal?
Freight and logistics — permissible but quantitative debt screen fails.
What You Should Know
XPO provides transportation and logistics services. Core business is permissible, but March 2026 interest-bearing debt/assets was 40.03%, above the examined 33.33% thresholds; restructuring, customer and cargo exposure require qualitative review.
⚠️ Concerns
- •Debt/assets 40.03% exceeds examined limits
- •Customer and cargo end-use mix
- •Restructuring and acquisition-related leverage
Current quantitative Sharia screen
Based on 10-Q figures for the period ended 2026-03-31; calculated 2026-07-14.
3,276 / 8,183
237 / 8,183
1,400 / 8,183
- Financial
- Fails
- Overall
- Fails
Debt/assets is 40.03%, above the examined 33.333% limit; liquidity/assets is 2.90% and receivables-plus-cash/assets is 17.11%. Non-compliant income is unavailable.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 40.03%, above the examined 33.33% limit; liquidity/assets is 2.90% and receivables-plus-cash/assets is 17.11%.
- Financial
- Fails
- Overall
- Fails
Debt/assets is 40.03%, above the examined ratio limits; 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
XPO provides freight transportation and logistics services. The core business is generally permissible, while customer industries, cargo end uses and restructuring require qualitative review.
Limitation: The filing does not provide a universal prohibited-activity numerator across customers and cargo.
Purification
XPO does not separately disclose a complete interest-income or prohibited-activity numerator; no purification percentage is invented.
Inputs, assumptions and primary sources
- Amounts are USD millions from XPO's March 31, 2026 Form 10-Q.
- Debt includes $104 million current debt and $3,172 million long-term debt; lease liabilities are excluded.
- Cash and cash equivalents are $237 million and no separate interest-bearing securities line is reported.
- Accounts receivable are $1,163 million and quarterly revenue is $2,096 million; interest expense is disclosed but interest income is not separately reported.
- Freight and logistics are generally permissible, but customer industries, cargo end uses and restructuring exposure 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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