Is Covenant Logistics Group, Inc. (CVLG) halal? Halal. Based on AAOIFI screening, Covenant Logistics Group, Inc. passes both qualitative (business activity) and quantitative (financial ratio) screens with a compliance score of 83/100 (Grade: A).

Covenant Logistics Group, Inc.

CVLG: Is Covenant Logistics Group, Inc. Halal?

Halal

Covenant Logistics Group, Inc.

NYSEIndustrialsUS

$46.32

+5.80%

About Covenant Logistics Group, Inc.

Covenant Logistics Group, Inc. and its affiliated entities deliver extensive transportation and logistics solutions throughout the United States. The company's operations are divided into four main segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited division focuses on time-critical truckload services, maintaining strict delivery benchmarks, including the capability to cover 1,000 miles within 22 hours or meet precise 15-minute delivery windows. Its Dedicated segment offers clients committed truckload capacity for specific periods under contract, deploying either company-owned or leased equipment. Within the Managed Freight segment, the company provides brokerage services by enlisting third-party carriers to transport customer freight, and transport management services, where it manages logistics on a contractual basis for clients opting to outsource these functions. The Warehousing segment handles daily warehouse management for its customers, alongside offering shuttle and switching services for containers and trailers. Furthermore, Covenant Logistics engages in the sale and leasing of used equipment. Its diverse customer base includes various transportation businesses like parcel freight forwarders, less-than-truckload (LTL) carriers, and third-party logistics (3PL) providers, in addition to conventional truckload clients such as manufacturers, retailers, and food and beverage distributors. As of December 31, 2021, the company operated a fleet of 2,291 tractors and 5,331 trailers. Founded in 1986 and based in Chattanooga, Tennessee, the company changed its name from Covenant Transportation Group, Inc. to Covenant Logistics Group, Inc. in July 2020.

Sector: Industrials 路 Industry: Trucking

Shariah Compliance Status

AAOIFI Standard 21Updated Jun 12, 2026
A

Very Good

Strong compliance across all metrics

83Score

Business Activity Screen

Passed

Checks if the business is involved in prohibited activities (alcohol, gambling, pork, conventional banking, etc.)

Financial Ratio Screen

Passed

Financial ratios must be below AAOIFI thresholds

Debt / Market Cap20.1% / 30.0%

Compliance History

Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

Tracked since May 2026. Updates automatically on each re-screen.

Screened: Jun 12, 2026Fiscal: Q1 2026Source: FMP

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Financial Overview

Market Cap

1.2B

Price

$46.32

Sector

Industrials

Industry

Trucking

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Frequently Asked Questions

Is Covenant Logistics Group, Inc. (CVLG) halal to invest in?
Based on AAOIFI Standard 21 screening, Covenant Logistics Group, Inc. (CVLG) is rated Halal with a compliance grade of A (Very Good). It passes both the business activity screen (no primary involvement in prohibited sectors) and the quantitative financial ratio screen (debt, interest deposits, and prohibited income all below AAOIFI thresholds).
Why did Covenant Logistics Group, Inc. get a A compliance rating?
Covenant Logistics Group, Inc. (CVLG) received a grade of A (Very Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 20.1% (limit 30%); interest-bearing deposits of 0.4% (limit 30%); prohibited income of 0.00% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.
What could change Covenant Logistics Group, Inc.'s Shariah verdict?
Covenant Logistics Group, Inc.'s verdict is re-evaluated at each annual re-screen. Three events could change it: (1) the debt-to-market-cap ratio crossing 30%, typically from new debt issuance or a major drop in share price; (2) interest-bearing deposits exceeding 30% of market cap; or (3) prohibited revenue (alcohol, gambling, conventional finance, etc.) exceeding 5% of total revenue. Verdict flips are tracked in the compliance history section above.
How often is Covenant Logistics Group, Inc. re-screened for Shariah compliance?
Covenant Logistics Group, Inc. (CVLG) is re-screened annually using the most recent full-year financial data from SEC filings. HalalScreener also triggers an on-demand re-screen whenever the stored data is more than 7 days old, ensuring the ratios reflect the latest available financial statements. Last screened: Jun 12, 2026.

Screened according to AAOIFI Standard No. 21 路 For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. Compliance is evaluated using AAOIFI financial standards (debt, deposits, and prohibited income ratios) and publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.