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

Frontier Group Holdings, Inc. (ULCC) has a Shariah compliance score of 0/100 (Grade: F, Non-Compliant). AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%.

Does Frontier Group Holdings, Inc. pass AAOIFI screening?

Frontier Group Holdings, Inc. (ULCC) does not pass AAOIFI Shariah screening. AAOIFI Standard No. 21 requires: (1) no primary involvement in prohibited activities like alcohol, gambling, or conventional banking, (2) debt-to-market-cap below 30%, (3) interest-bearing deposits below 30%, and (4) prohibited income below 5%. ULCC's debt-to-market-cap is 43.9%.

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

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 percentage and amount for Frontier Group Holdings, Inc. (ULCC) 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 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening. The compliance grade, score, and debt ratio are free too; the full ratio breakdown is part of Pro.

ULCCNot HalalF

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Compliance Status

Not Halal

Screened on Oct 12, 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).

Quote this verdict

HalalScreener rates Frontier Group Holdings, Inc. (ULCC) Not Halal, 0/100, grade F under AAOIFI Standard 21, screened Oct 12, 2026. Source: https://halalscreener.app/en/stock/ULCC

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%.

43.9% of 30.0% limit

PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

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

ULCC: Is Frontier Group Holdings, Inc. Halal?

Frontier Group Holdings, Inc.

NASDAQIndustrialsUS

$4.72

Market Cap: 1.1B

Screened on a market cap of 1.3B

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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

Why this does not pass

Interest-bearing debt is 43.9% of market cap, over the 30% AAOIFI limit.
Interest-bearing deposits are over the 30% limit.

Screened under AAOIFI Standard 21. The exact figure behind this is part of Pro; the failing check and its limit are always free.

Shariah Compliance Status

AAOIFI Standard 21Updated Oct 12, 2026

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Institutional-grade Shariah analysis

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PRO DETAIL

The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

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:

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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 43.9% (limit 30%). 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: Oct 12, 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.