
Is Universal Logistics (ULH) stock Halal?
Universal Logistics Holdings, Inc. (ULH) is not Shariah compliant in the September 2026 AAOIFI screening: it fails the interest-bearing debt screen. Tabadulat re-screens ULH monthly, and a stock can return to compliance when new financial reports change its ratios.
Universal Logistics is a leading asset-light provider of customized transportation and logistics solutions. This company specializes in offering a comprehensive range of services, including value-added and dedicated transportation, intermodal transport, truckload logistics, and brokerage services. Universal Logistics Holdings operates extensively across various sectors such as automotive, aerospace, retail, and construction, playing a pivotal role in streamlining the supply chain and distribution networks for a diverse client base. Before any of that matters to a Muslim investor, one question comes first: is Universal Logistics stock Halal?
Is Universal Logistics Shariah compliant?
Industrial businesses like Universal Logistics usually pass the activity screen without drama. The harder test is financial: heavy assets mean heavy financing, and AAOIFI Shariah Standard No. 21 tolerates interest bearing debt and investments only below 30% of market capitalisation, ratios that shift with every move in the share price.
Does Universal Logistics pass the business activity test?
The activity screen is only part of the picture this month: Universal Logistics currently fails the interest-bearing debt screen, 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 Universal Logistics' income Halal?
Yes, within AAOIFI's tolerance. Universal Logistics' income from non-permissible sources stays below 5% of revenue in the September 2026 screening.
Does Universal Logistics 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?



