Is Ryder System Stock Halal?

Is Ryder System Stock Halal?

How much of Ryder System’s revenue comes from haram?

Ryder earns its revenue from the following revenue sources:

  • Fleet Management Solutions:

Includes full service leasing, commercial renting, and maintenance services of trucks, tractors, and trailers

  • Supply Chain Solutions:

Includes integrated logistics solutions, including distribution management, dedicated transportation, transportation management, last mile, and professional services

Ryder’s supply chain solutions serve the Automotive, Technology and Healthcare, Consumer Packaged Goods and Retail, and Industrial and Other markets.

  • Dedicated Transportation Solutions:

Includes turnkey transportation solutions including offering dedicated vehicles, drivers, management, and administrative support.

The contributions from each of Ryder’s revenue segments in their 2020 annual report were as follows:

An area of concern for Practical Islamic Finance is revenue generated from delivering alcohol and other haram items.

Determining the exact share of revenue coming from delivering impermissible items is extremely difficult since Ryder does not report this.

However, given the variety of industries Ryder provides its delivery services to, Practical Islamic Finance estimates delivering haram products is not material to Ryder business.

Practical Islamic Finance concludes:

Only a non-material portion of Ryder’s revenue comes from haram.

Does Ryder System rely on interest to operate?

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What is Ryder System’s Environmental, Social, and Governance (ESG) impact?


Since 2009, Ryder’s environmental initiatives have reduced its direct and indirect greenhouse emissions associated with purchasing electricity, heat, cooling, or steam by 20%.

In addition, over the past few years, the company has upgraded 130 of its locations with LED lighting expected to generate 17% in energy savings and 1820 MT CO2e reduction annually.


Ryder has provided more than $25 million to charitable organizations over the past ten years, including disaster relief, health, social services, community, and safety initiatives.

In addition, Ryder has contributed more than $5 million for student scholarships and support for college and vocational students and K-12 programs.

Ryder has a Glassdoor rating of 3.6 out of 5.0 from over 2,000 current and previous employees compared to a 3.3 average for all other Glassdoor rated companies.


No notable governance highlights.

Practical Islamic Finance concludes:

Ryder has a net positive ESG impact.

Comfort Rating

From Ryder System’s business, financial, and ESG reviews, Practical Islamic Finance rates Ryder System stock as:

Comfortable to invest in from a Halal perspective.


Ryder Q2 2021 10-Q

Ryder 2020 10-K  

Environmental Sustainability at Ryder (updated 5.28.2021)

Environmental Stewardship

Building Stronger Communities 

Ryder System Reviews 

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