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AAOIFI No. 21 screening

Is FDXF halal?

FedEx Freight Holding Company,

Halal

FedEx Freight Holding Company, passed every check under AAOIFI Shariah standard No. 21: no prohibited business activity, and all three financial ratios are within limits.

Checked: 16 October 2026

Exchange

NYSE

Price

113.21

Day

+2.45%

Market cap

$16.96B

Industry

Integrated Freight & Logistics

Sector

Industrials

What the company does

FedEx Freight (spun off from FedEx in 2026) is the largest less-than-truckload (LTL) carrier in the US, combining several customers' freight per truck. Its money comes from freight charges.

What was checked

The AAOIFI standard has four steps: business activity first, then three financial ratios. Fail one and the stock is not halal.

  • Business activity

    No prohibited activity

  • Interest-bearing debt / market cap

    limit 30%

    Interest-bearing debt $4.53B ÷ current market cap $16.96B = 26.7%

    26.7%

    Pass

  • Cash & investments / market cap

    limit 30%

    Cash + interest-bearing securities $251.00M ÷ current market cap $16.96B = 1.5%

    1.5%

    Pass

  • Non-compliant income / total revenue

    limit 5%

    Interest income $392.00M ÷ annual revenue $8.79B (2026) = 4.5%

    4.5%

    Pass

Figures from the company's filings (2026-05-31), USD. Market cap is a 36-month average (the S&P Shariah index approach), so a one-day price move does not flip the verdict.

For information (AAOIFI 3/1 note): cash + receivables are 19.8% of total assets (2025-11-30). AAOIFI recommends tangible assets of at least one third — this figure does not affect the verdict, and other major screeners do not apply it either.

In the lists

Among halal stocks
0.02% · #313 of 1454

Superinvestors

SEC 13F, 2026 Q3. Up to 45 days delayed.

Held by 5 superinvestors · Average reported price: $151.00

All superinvestor portfolios

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The largest halal stocks in Integrated Freight & Logistics — for comparison.

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This is neither investment advice nor a fatwa. Screening is based on public financial statements and AAOIFI standard No. 21; data may lag. For a personal decision consult your own scholar.