Is Covenant Logistics Group, Inc. CVLG stock halal to invest in?

No, as of August 2026, Covenant Logistics Group, Inc. stock (CVLG) is not currently classified as a Shariah compliant stock. This verdict follows the screening methodology of AAOIFI (the Accounting and Auditing Organization for Islamic Financial Institutions), whose Shariah Standard No. 21 is the leading global benchmark for screening halal stocks. To qualify as halal under this standard, a company must keep non-permissible income below 5% of total revenue, keep both interest-bearing investments and interest-bearing debt below 30% of market capitalisation, and have no impermissible preference share structure. Covenant Logistics Group, Inc. currently does not meet the threshold for the interest-bearing debt screen. Because screenings are refreshed monthly as new financial reports are published, a non-compliant stock can regain compliant status if its financial structure changes. You can track the latest status of Covenant Logistics Group, Inc. and discover Shariah compliant alternatives among the halal stocks in the Tabadulat app.

How often is Covenant Logistics Group, Inc. CVLG reviewed for Shariah compliance?

Tabadulat reviews Covenant Logistics Group, Inc. CVLG for Shariah compliance every month. Each review applies the AAOIFI Shariah Standard No. 21 methodology, screening the company's business activities, non-permissible income, interest-bearing investments, interest-bearing debt, and preference shares, against the company's latest available financial data. The process operates under the direct supervision of Tabadulat's dedicated Shariah Supervisory Board of Islamic finance scholars. Because compliance depends on financial ratios that move with market capitalisation and reported results, a stock's status can change from one review to the next. Monthly screening ensures the status shown for Covenant Logistics Group, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.

Does Covenant Logistics Group, Inc. CVLG pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Covenant Logistics Group, Inc. stock (CVLG) passes the AAOIFI non-permissible income screen. Under AAOIFI Shariah Standard No. 21, income from impermissible sources (such as interest or riba, conventional financial services, alcohol, gambling, or tobacco) must remain below 5% of a company's total revenue. Covenant Logistics Group, Inc.'s income from non-permissible sources is currently within this 5% threshold. Even permissible levels of incidental impure income should still be purified: investors donate the corresponding share of dividends to charity, as reflected in the stock's purification factor. This screen is reassessed monthly using the company's latest financial disclosures.

Does Covenant Logistics Group, Inc. CVLG pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Covenant Logistics Group, Inc. stock (CVLG) passes the AAOIFI interest-bearing investments screen. Under AAOIFI Shariah Standard No. 21, the cash a company places in interest-earning instruments (such as conventional deposits, bonds, treasury bills and money-market funds) must remain below 30% of its market capitalisation. This limit ensures shareholders are not materially profiting from riba (interest). Covenant Logistics Group, Inc.'s interest-bearing investments are currently within the 30% threshold. Because the ratio is measured against market capitalisation, it can move with the share price as well as the balance sheet, which is why Tabadulat rescreens the stock every month.

Does Covenant Logistics Group, Inc. CVLG pass the AAOIFI Interest Bearing Debt criteria?

No, as of August 2026, Covenant Logistics Group, Inc. stock (CVLG) does not pass the AAOIFI interest-bearing debt screen. Under AAOIFI Shariah Standard No. 21, a company's borrowings that accrue interest (conventional bank loans, bonds and similar riba-based financing) must remain below 30% of its market capitalisation. Covenant Logistics Group, Inc.'s interest-bearing debt currently exceeds this 30% limit, meaning the company relies on riba-based financing beyond the level AAOIFI permits for a halal investment. A company can return to compliance by reducing debt or through changes in market capitalisation, and the screen is reassessed monthly.

What is the dividend purification factor for Covenant Logistics Group, Inc. CVLG stock?

Covenant Logistics Group, Inc. (CVLG) is currently classified as not Shariah compliant, so no dividend purification factor applies, because purification factors are calculated only for stocks that pass the AAOIFI screens. Purification (tazkiyah) is the practice of donating to charity the small portion of dividend income that stems from incidental non-permissible sources, such as interest earned on a compliant company's cash deposits. For non-compliant stocks the issue is not purification but eligibility: under AAOIFI Shariah Standard No. 21 the stock does not currently qualify as a halal investment. If Covenant Logistics Group, Inc. returns to compliance in a future monthly screening, its purification factor will be published alongside its updated status in the Tabadulat app.

Does Covenant Logistics Group, Inc. CVLG pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Covenant Logistics Group, Inc. stock (CVLG) passes the AAOIFI preference share screen. AAOIFI Shariah Standard No. 21 prohibits investing in preference shares because they grant holders guaranteed or priority rights to dividends and capital ahead of ordinary shareholders, a structure that conflicts with the Shariah principle that investors should share profit and loss in proportion to their ownership. Covenant Logistics Group, Inc. has no impermissible preference share structure affecting its ordinary shares, so the stock is compliant on this criterion. Like all AAOIFI screens, this is verified in each monthly review.

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Covenant Logistics Group, Inc.

NYSE

Shariah-Compliant

Not Shariah

CVLG

About

Covenant Logistics Group, Inc.

CVLG

Covenant Logistics Group Inc. is a transportation and logistics service provider primarily serving the truckload freight market in North America. The company specializes in offering transportation solutions that include expedited services, dedicated services, warehousing, and brokerage services. Its expedited services ensure time-sensitive deliveries, catering particularly to the needs of industries requiring fast transit times. Covenant's dedicated services offer customized logistics solutions, integrating into the customer's supply chain to optimize efficiency. Furthermore, their comprehensive brokerage services connect shippers to additional capacity by partnering with third-party carriers. This diversification allows them to support various industries, including retail, manufacturing, and distribution. Covenant Logistics aims to enhance its market position through advanced technology integration, offering customers enhanced shipment visibility and efficiency. Headquartered in Chattanooga, Tennessee, the company plays a crucial role in ensuring the flow of goods across the sprawling network of North American transport routes, thus contributing significantly to the economic vitality of the regions it serves.

Sector:

Industrials

Industry:

Trucking

Employees:

3100

Website:

https://www.covenantlogistics.com

CVLG

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Covenant Logistics Group, Inc.

About

Covenant Logistics Group, Inc.

CVLG

Frequently asked questions

Is Covenant Logistics Group, Inc. CVLG stock halal to invest in?

How often is Covenant Logistics Group, Inc. CVLG reviewed for Shariah compliance?

Does Covenant Logistics Group, Inc. CVLG pass the AAOIFI Non Permissible Income criteria?

Does Covenant Logistics Group, Inc. CVLG pass the AAOIFI Interest Bearing Investments criteria?

Does Covenant Logistics Group, Inc. CVLG pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Covenant Logistics Group, Inc. CVLG stock?

Does Covenant Logistics Group, Inc. CVLG pass the AAOIFI Preference Share screen?

Can I buy Covenant Logistics (CVLG) stock on Tabadulat?

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