Is Old Dominion Freight Line, Inc. ODFL stock halal to invest in?

Yes, as of August 2026, Old Dominion Freight Line, Inc. stock (ODFL) is 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. Old Dominion Freight Line, Inc. currently passes all four AAOIFI financial screens: non-permissible income remains below 5% of total revenue, interest-bearing investments and interest-bearing debt each remain below 30% of market capitalisation, and the company has no impermissible preference share structure. The stock's current purification factor is 99.83%. Compliance is reassessed every month as updated screening data arrives, and a stock's status can change when new financial reports are released. You can always check the current status of Old Dominion Freight Line, Inc. and explore other Shariah compliant stocks in the Tabadulat app.

How often is Old Dominion Freight Line, Inc. ODFL reviewed for Shariah compliance?

Tabadulat reviews Old Dominion Freight Line, Inc. ODFL 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screening ensures the status shown for Old Dominion Freight Line, Inc. reflects current financial data rather than an outdated assessment, and Tabadulat app users are notified if a holding in their portfolio becomes non-compliant.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 Old Dominion Freight Line, Inc. ODFL pass the AAOIFI Non Permissible Income criteria?

Yes, as of August 2026, Old Dominion Freight Line, Inc. stock (ODFL) 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. Old Dominion Freight Line, 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 Old Dominion Freight Line, Inc. ODFL pass the AAOIFI Interest Bearing Investments criteria?

Yes, as of August 2026, Old Dominion Freight Line, Inc. stock (ODFL) 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). Old Dominion Freight Line, 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 Old Dominion Freight Line, Inc. ODFL pass the AAOIFI Interest Bearing Debt criteria?

Yes, as of August 2026, Old Dominion Freight Line, Inc. stock (ODFL) passes 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. This cap limits shareholders' exposure to interest-based leverage. Old Dominion Freight Line, Inc.'s interest-bearing debt is currently within the 30% threshold. Because market capitalisation changes daily, a company's debt ratio can drift toward or away from the limit even without new borrowing, which is why this screen is reassessed every month.

What is the dividend purification factor for Old Dominion Freight Line, Inc. ODFL stock?

As of August 2026, the dividend purification factor for Old Dominion Freight Line, Inc. (ODFL) is 99.83%. Purification (tazkiyah) is the practice of donating to charity the portion of dividend income attributable to incidental non-permissible sources, typically interest earned on a company's cash, and AAOIFI methodology requires it even for fully compliant stocks. The purification factor is the figure halal investors use to work out that donation on Old Dominion Freight Line, Inc. dividends. It is recalculated with each monthly screening as new financial data arrives, and the Tabadulat app can help you calculate and track purification across your whole portfolio.

Does Old Dominion Freight Line, Inc. ODFL pass the AAOIFI Preference Share screen?

Yes, as of August 2026, Old Dominion Freight Line, Inc. stock (ODFL) 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. Old Dominion Freight Line, 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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Old Dominion Freight Line, Inc.

NASDAQ

Shariah-Compliant

Not Shariah

ODFL

About

Old Dominion Freight Line, Inc.

ODFL

Old Dominion Freight Line, Inc. is a leading less-than-truckload (LTL) freight transportation company operating across the United States and North America. Specializing in the movement of smaller shipments that do not require a full truckload, the company delivers regional, inter-regional, and national LTL services, alongside expedited shipping solutions. It further extends its offerings with value-added services such as container drayage, truckload brokerage, and supply chain consulting, enabling customers to manage complex logistics needs efficiently. Founded in 1934 and headquartered in Thomasville, North Carolina, Old Dominion Freight Line has grown into one of the most significant players in the logistics sector, supported by an extensive network of over 250 service centers and a large fleet of company-owned tractors and trailers. Its well-established reputation for operational efficiency, broad geographic coverage, and high customer satisfaction has positioned it as a preferred partner in the industrial and manufacturing sectors, where timely and reliable freight movement is essential. As a major company in the logistics and transportation industry, Old Dominion Freight Line plays an important role in sustaining supply chains and supporting economic activity throughout North America.

Sector:

Industrials

Industry:

Trucking

Employees:

21719

Website:

https://www.odfl.com

ODFL

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Old Dominion Freight Line, Inc.

About

Old Dominion Freight Line, Inc.

ODFL

Frequently asked questions

Is Old Dominion Freight Line, Inc. ODFL stock halal to invest in?

How often is Old Dominion Freight Line, Inc. ODFL reviewed for Shariah compliance?

Does Old Dominion Freight Line, Inc. ODFL pass the AAOIFI Non Permissible Income criteria?

Does Old Dominion Freight Line, Inc. ODFL pass the AAOIFI Interest Bearing Investments criteria?

Does Old Dominion Freight Line, Inc. ODFL pass the AAOIFI Interest Bearing Debt criteria?

What is the dividend purification factor for Old Dominion Freight Line, Inc. ODFL stock?

Does Old Dominion Freight Line, Inc. ODFL pass the AAOIFI Preference Share screen?

How do I buy Old Dominion Freight Line (ODFL) stock?

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