Is EXPD (Expeditors International of Washington, Inc.) Halal or Haram?

Based on our AAOIFI-standard shariah screening, EXPD is Halal and considered permissible for Muslim investors. It passed all 4 of 4 compliance screens including business activity review, debt-to-market-cap ratio (5.24% vs ≤33% threshold), interest income ratio (0.32% vs ≤5% threshold), and cash & securities ratio (6.68% vs ≤33% threshold).

Expeditors International of Washington, Inc. (EXPD) is a major global logistics provider operating across the Americas, Asia, Europe, and the Middle East. The company specializes in airfreight consolidation, ocean freight forwarding, customs brokerage, and intra-continental ground transportation. Rather than owning a massive physical fleet of planes or ships, it focuses on highly efficient supply chain management, order management, and vendor consolidation. For Muslim investors using HalalStocks.co.uk, EXPD is classified as a Halal investment, successfully passing all four AAOIFI screening criteria. Its core business of moving goods and managing global supply chains is universally recognized as permissible under Islamic finance principles. This makes it an attractive industrial play for those looking to diversify into the logistics sector without compromising their faith. From a financial perspective, Expeditors boasts an incredibly clean balance sheet that aligns perfectly with Islamic guidelines. Its debt-to-market cap sits at a remarkably low 5.2%, drastically below the 33% limit, highlighting its ability to fund operations without heavy reliance on interest-bearing debt. Additionally, its interest income accounts for a mere 0.32% of total revenue, keeping impermissible income negligible. Since there is no significant scholarly debate regarding the permissibility of standard freight forwarding, investors can feel confident holding this stock. Moving forward, Muslim shareholders should simply monitor the company's cash reserves and any potential shifts in debt structures during global supply chain disruptions to ensure continued AAOIFI compliance. Expeditors International of Washington, Inc. operates in the Industrials sector under the Integrated Freight & Logistics industry and is headquartered in Bellevue, WA, US. The company is led by CEO Daniel R. Wall and employs approximately 19,203 people.

EXPD was screened using AAOIFI-based shariah compliance criteria. Four tests are applied: (1) Business Activity — the company's core business must not derive primary income from haram (prohibited) activities such as alcohol, gambling, tobacco, or interest-based finance. (2) Debt-to-Market-Cap — total debt must not exceed 33% of market capitalization. (3) Interest Income — interest income must not exceed 5% of total revenue. (4) Cash & Securities — cash and interest-bearing securities must not exceed 33% of market cap. EXPD passed 4 of these 4 screens.

Although EXPD passes all shariah screens, it does earn $35.7M in interest income (0.32% of revenue). Many scholars recommend purifying this portion by donating the equivalent percentage of any dividends received to charity. For example, if you receive $100 in dividends, you would donate approximately $0.32 to purify the income.

EXPD was last screened on 2026-04-29. Shariah compliance status can change as companies report new financial data, acquire new businesses, or shift revenue streams. We recommend checking back periodically for the most up-to-date screening results.