What is Covenant Logistics Group, Inc.'s Shariah compliance score?

Covenant Logistics Group, Inc. (CVLG) has a Shariah compliance score of 78/100 (Grade: B+, Good) based on AAOIFI screening standards. Scores above 70 typically indicate strong compliance. The score factors in business activity screening and financial ratio analysis including debt levels, interest-bearing deposits, and prohibited income percentages. View the full breakdown at HalalScreener.app.

Does Covenant Logistics Group, Inc. pass AAOIFI screening?

Covenant Logistics Group, Inc. (CVLG) partially passes with caution AAOIFI Shariah screening. AAOIFI requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30% (CVLG: 25.5%), (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. HalalScreener provides free AAOIFI screening for 6,200+ stocks at halalscreener.app.

How much purification is needed for Covenant Logistics Group, Inc. stock?

Muslim investors purify the portion of dividends and realized gains that comes from non-permissible income by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification computes the exact percentage and amount for Covenant Logistics Group, Inc. (CVLG) using the latest financial data.

Where can I screen Covenant Logistics Group, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Covenant Logistics Group, Inc. (CVLG) and 5,100+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows the verdict, compliance grade, score, and debt ratio free. No credit card or signup required for basic screening; the full ratio breakdown is part of Pro. HalalScreener also includes an AI Islamic Scholar for follow-up questions about CVLG's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

CVLG: Is Covenant Logistics Group, Inc. Halal?

Covenant Logistics Group, Inc.

NYSEIndustrialsUS

$35.20

+1.35%

Market Cap: 885.5M

Compliance Status

Doubtful

Screened on Aug 29, 2026 · AAOIFI Standard 21

B+

Good

78Score

Is Covenant Logistics Group, Inc. (CVLG) halal? Doubtful. Based on AAOIFI screening, Covenant Logistics Group, Inc. passes the business activity screen but has financial ratios approaching AAOIFI limits with a compliance score of 78/100 (Grade: B+).

Quote this verdict

HalalScreener rates Covenant Logistics Group, Inc. (CVLG) Doubtful, 78/100, grade B+ under AAOIFI Standard 21, screened Aug 29, 2026. Source: https://halalscreener.app/en/stock/CVLG

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Close to the limit

How much the company borrows, compared to its total value. AAOIFI allows up to 30%.

25.5% of 30.0% limit

What this means for you

You may own CVLG, with caution

Its numbers sit close to AAOIFI limits. Cautious investors may prefer alternatives or ask a scholar first.

Purification amount is Pro

We have screened CVLG's prohibited income, but the exact share you would need to purify is part of Pro.

About Covenant Logistics Group, Inc.

Covenant Logistics Group, Inc., together with its subsidiaries, provides transportation and logistics services in the United States. It operates through four segments: Expedited, Dedicated, Managed Freight, and Warehousing. The Expedited segment primarily provides truckload services with high service freight and delivery standards, such as 1,000 miles in 22 hours or 15-minute delivery windows. The Dedicated segment provides customers with committed truckload capacity over contracted periods with the goal of three to five years in length using equipment either owned or leased by the company. The Managed Freight segment offers brokerage services, including logistics capacity by outsourcing the carriage of customers’ freight to third parties; and transport management services, such as logistics services on a contractual basis to customers who prefer to outsource their logistics needs. The Warehousing segment provides day-to-day warehouse management services to customers, as well as shuttle and switching services related to shuttling containers and trailers. The company also engages in used equipment sales and leasing business. It serves transportation companies, such as parcel freight forwarders, less-than-truckload carriers, and third-party logistics providers; and traditional truckload customers, including manufacturers, retailers, and food and beverage shippers. The company was formerly known as Covenant Transportation Group, Inc. and changed its name to Covenant Logistics Group, Inc. in May 2007. Covenant Logistics Group, Inc. was founded in 1986 and is based in Chattanooga, Tennessee.

Sector: Industrials · Industry: Trucking

Why This Stock Is Doubtful

Debt is 25.5% of market cap, only 4.5 points below the 30% AAOIFI limit

Stocks are marked Doubtful when financial ratios pass but approach AAOIFI thresholds. Consider consulting a qualified scholar for a definitive ruling.

Shariah Compliance Status

AAOIFI Standard 21Updated Aug 29, 2026

Compliance History

Doubtfulnow
since Jul 2026
Halal
until the change above

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

Fiscal: Q2 2026Data source: EDGAR

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Frequently Asked Questions

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

Covenant Logistics Group, Inc. (CVLG) is rated Doubtful under AAOIFI Standard 21. It passes the business activity screen but one or more financial ratios are approaching (though not yet exceeding) the AAOIFI thresholds (30% for debt and interest deposits, 5% for prohibited income). Consult a qualified Islamic finance scholar for a personal ruling.

Why did Covenant Logistics Group, Inc. get a B+ compliance rating?

Covenant Logistics Group, Inc. (CVLG) received a grade of B+ (Good) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 25.5% (limit 30%). 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: Aug 29, 2026.

Screened according to AAOIFI Standard No. 21 · 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.