What is Frontier Group Holdings, Inc.'s Shariah compliance score?

Frontier Group Holdings, Inc.'s (ULCC) compliance score is being calculated. Check HalalScreener.app for the latest AAOIFI screening results.

Does Frontier Group Holdings, Inc. pass AAOIFI screening?

Frontier Group Holdings, Inc. (ULCC) does not pass 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% (ULCC: 41.1%), (3) interest-bearing deposits below 30% (ULCC: 46.9%), and (4) prohibited income below 5% (ULCC: 0.8%). HalalScreener provides free AAOIFI screening for 10,000+ stocks at halalscreener.app.

How much purification is needed for Frontier Group Holdings, Inc. stock?

Frontier Group Holdings, Inc. (ULCC) has a non-permissible income ratio of 0.77%. Muslim investors should purify this percentage of any dividends received and capital gains realized from ULCC shares by donating it to charity. HalalScreener's purification calculator at halalscreener.app/en/purification automates this calculation using the latest financial data.

Where can I screen Frontier Group Holdings, Inc. for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for Frontier Group Holdings, Inc. (ULCC) and 10,000+ other US-listed stocks, ETFs, and 100+ cryptocurrencies. The screening uses AAOIFI Standard No. 21 and shows all financial ratios transparently. No credit card or signup required for basic screening. HalalScreener also includes an AI Islamic Scholar for follow-up questions about ULCC's compliance across different madhabs (Hanafi, Shafi'i, Maliki, Hanbali, Ja'fari).

ULCC: Is Frontier Group Holdings, Inc. Halal?

Frontier Group Holdings, Inc.

NASDAQIndustrialsUS

$6.23

-4.59%

Market Cap: 1.4B

Compliance Status

Not Halal

Screened on Jul 20, 2026 · AAOIFI Standard 21

Non-Compliant

0Score

Is Frontier Group Holdings, Inc. (ULCC) halal? Not Halal. Based on AAOIFI screening, Frontier Group Holdings, Inc. passes the business activity screen but fails financial ratio screens with a compliance score of 0/100 (Grade: F).

AvoidBorderlineClean

Business activity

What the company sells is permissible.

Passed

Company debt

Over the limit

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

41.1% of 30.0% limit

What this means for you

Most scholars advise not holding ULCC

It does not pass AAOIFI Shariah screening.

See halal alternatives from the same sector further down this page

About Frontier Group Holdings, Inc.

Operating as an ultra-low-cost carrier, Frontier Group Holdings, Inc. facilitates air travel for passengers. Its flight network spans approximately 120 airports, reaching destinations throughout the United States and internationally across the Americas. The company provides its services directly to consumers via its website, mobile app, and call center. By the close of 2021, specifically December 31st, its operational fleet comprised 110 single-aisle Airbus aircraft, including 16 A320ceos, 73 A320neos, and 21 A321ceos. Frontier Group Holdings, Inc. was founded in 2013 and maintains its headquarters in Denver, Colorado.

Sector: Industrials · Industry: Airlines, Airports & Air Services

Shariah Compliance Status

AAOIFI Standard 21Updated Jul 20, 2026

Compliance History

Not Halal, unchanged since May 2026.

No status changes recorded since we began tracking.

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

Fiscal: Q1 2026Data source: EDGAR

Halal Alternatives in Industrials

This stock is not Shariah-compliant. Here are halal alternatives from the same sector, ranked by compliance score:

PHOEA+

Phoenix Asia Holdings Limited Ordinary Shares

$17.80

+1.37%

FASTA+

Fastenal Company

$45.49

+0.30%

ODFLA+

Old Dominion Freight Line, Inc.

$233.84

-0.43%

SAIAA+

Saia, Inc.

$467.89

-6.83%

ADURA+

Aduro Clean Technologies Inc.

$13.86

-1.56%

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A+

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Union Pacific Corporation

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UPS

United Parcel Service, Inc.

B+

Free · No credit card required

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Frequently Asked Questions

Is Frontier Group Holdings, Inc. (ULCC) halal to invest in?

Frontier Group Holdings, Inc. (ULCC) is rated Not Halal under AAOIFI Standard 21 screening. It fails either the business activity screen (primary involvement in prohibited sectors such as conventional banking, alcohol, or gambling) or one of the quantitative financial ratio thresholds. Muslim investors should avoid or exit this position.

Why did Frontier Group Holdings, Inc. get a F compliance rating?

Frontier Group Holdings, Inc. (ULCC) received a grade of F (Non-Compliant) based on three AAOIFI Standard 21 financial ratios: debt-to-market-cap of 41.1% (limit 30%); interest-bearing deposits of 46.9% (limit 30%); prohibited income of 0.77% (limit 5%). The grade reflects the margin of safety across all three ratios relative to their thresholds.

What could change Frontier Group Holdings, Inc.'s Shariah verdict?

Frontier Group Holdings, 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 Frontier Group Holdings, Inc. re-screened for Shariah compliance?

Frontier Group Holdings, Inc. (ULCC) 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: Jul 20, 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.