To achieve a large terahertz (THz) amplitude from a spintronic THz emitter (STE), materials with 100% spin polarisation such as Co‐based Heusler compounds as ferromagnetic layer are required. However, these compounds are known to loose their half‐metallicity in the ultrathin film regime, as it is difficult to achieve L21 ordering, which has become a bottleneck for the film growth. Here, the successful deposition using room temperature DC sputtering of the L21 and B2 ordered phases of the Co2FeAl full Heusler compound is reported. Co2FeAl is used as ferromagnetic layer together with highly orientated Pt as nonferromagnetic layer in the Co2FeAl/Pt STE, where an MgO (10 nm) seed layer plays an important role to achieve the L21 and B2 ordering of Co2FeAl. The THz generation in the Co2FeAl/Pt STE is presented, which has a bandwidth of 0.2–4 THz. The THz electric field amplitude is optimized with respect to thickness, orientation, and growth parameters using a thickness dependent model considering the optically induced spin current, superdiffusive spin current, inverse spin Hall effect, and the THz attenuation in the layers. This study, based on the full Heusler Co2FeAl compound opens up a plethora of possibilities in STE research involving full Heusler compounds.