
Is U-Haul (UHAL.B) stock Halal?
Under AAOIFI Shariah Standard No. 21, a Halal stock keeps non-permissible income below 5% of revenue and interest-bearing debt and investments each below 30% of market capitalisation. U-Haul Holding Co. (UHAL.B) does not meet the threshold for the non-permissible income and interest-bearing debt screens as of September 2026, so it is not Shariah compliant.
U-Haul is a leading player in the do-it-yourself moving industry. Best known for its distinctive orange-and-white moving trucks, U-Haul offers customers a comprehensive range of services, including truck and trailer rentals, self-storage solutions, and a wide array of packing supplies. The company's expansive network includes multiple rental locations conveniently situated across the United States and Canada, making it a critical facilitator of personal relocations and small business logistics. For Muslim investors, though, the most pressing question is simpler: is U-Haul a Halal investment?
Is U-Haul Shariah compliant?
For industrial companies like U-Haul, the product is rarely the problem; aircraft, vehicles and machinery are permissible. The exposure is leverage: fleets and factories are financed, and the 30% cap that AAOIFI Shariah Standard No. 21 places on interest bearing debt is the screen that decides most verdicts in this sector.
Does U-Haul pass the business activity test?
The activity screen is only part of the picture this month: U-Haul currently fails the non-permissible income and interest-bearing debt screens, so the overall verdict is not compliant regardless of the business itself. The activity itself raises no Shariah objection; the scrutiny belongs to the financing.
Is U-Haul's income Halal?
No. U-Haul's income from impermissible sources currently exceeds AAOIFI's 5% revenue ceiling, which makes the stock non-compliant on this screen regardless of the others. The screen is reassessed monthly, so the status can change when new financial statements arrive.
Does U-Haul meet AAOIFI's debt and investment ratio requirements?
Not in full. Interest bearing debt currently exceeds the 30% cap, while the other ratio stays within it. One breach is enough to fail the screening; the ratios are reassessed monthly under our Shariah Supervisory Board.
Tabadulat is an ADGM regulated brokerage whose license covers Shari'a Compliant Regulated Activities, as the FSRA permission names them. New to the terminology? Gharar and Maysir, Sukuk, Zakat and purification are all explained in plain English.
New to the four screens? Read AAOIFI Standards Explained: What Makes a Stock Halal?



