The Short Answer
Old Dominion Freight Line stock (ODFL) is generally halal at the activity level and financially passes the examined asset-based ratios, with methodology-dependent caveats. LTL freight and logistics are generally permissible, but the filing does not provide a universal prohibited-revenue percentage for every customer, brokerage or supply-chain end use.
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.
This is a reproducible ZakatInvest calculation from Old Dominion's first-quarter 2026 Form 10-Q for the period ended March 31, 2026. It is not a fatwa, index-membership claim or personalized investment advice.
Current Quantitative Screen (March 31, 2026)
- Debt / assets: 0.71% — $39.996 million of senior notes, below the examined 33%–33.333% limits
- Cash / assets: 5.09% — $288.082 million of cash and cash equivalents
- Receivables + cash / assets: 15.11% — customer and other receivables plus cash
- Disclosed interest income / revenue: 0.17% — $2.280 million over $1,334.696 million of quarterly revenue
- Market-cap denominator methods: Not calculated because a licensed, reproducible historical market-cap series is not stored
The entered financial ratios pass the examined FTSE Yasaar, MSCI total-assets and Malaysia SAC checks. The overall result remains methodology-dependent because downstream business allocation and purification are not fully disclosed.
Old Dominion's Business Activity
Old Dominion is a North American less-than-truckload carrier providing regional, inter-regional and national freight services through an integrated network. The filing also describes expedited transportation, container drayage, truckload brokerage and supply-chain consulting.
Transportation and logistics are generally permissible at the business-line level. The filing does not allocate revenue by every customer, shipment, brokerage engagement or downstream use.
Qualitative Issues to Keep in View
Freight cycles and network investment
Tonnage, shipments, pricing, industrial demand and service-center capacity can move earnings across cycles. Old Dominion continues to invest in facilities, tractors, trailers and technology; those are operational and financial considerations rather than automatic Sharia disqualifiers.
Debt and cash income
The balance sheet carries only $39.996 million of interest-bearing debt, while disclosed interest income is $2.280 million, or 0.17% of quarterly revenue. Investors should apply their own scholar-approved purification practice rather than relying on a generic fixed percentage.
Service mix and labor
Drayage, brokerage and supply-chain consulting can involve varied customer industries. Driver pay, safety, claims, emissions and labor practices remain appropriate ethical diligence topics even though the core logistics activity is generally permissible.
How to Read the Result
ODFL's logistics business is generally permissible and the entered financial ratios pass. The result is not an unconditional certification: market-cap methods are not calculated, customer end uses are not universally allocated, and qualified scholars may differ on service-level look-through and purification.
Bottom Line
Old Dominion Freight Line is currently generally halal with methodology-dependent caveats. As of March 31, 2026, debt/assets are 0.71%, receivables plus cash/assets are 15.11% and disclosed interest income/revenue is 0.17%. Investors should maintain the qualitative freight, service-mix and labor review alongside the quantitative screen.
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