Is USO (United States Oil Fund) halal?

Q: Is USO (United States Oil Fund) halal?

DOUBTFUL: Oil futures ETF — uses futures contracts which involve gharar. USO tracks crude oil prices using futures contracts. While oil is permissible, futures contracts involve gharar (uncertainty). Scholars differ on oil futures.

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USO

United States Oil Fund

DOUBTFUL

Score: 50/100

etf

Is USO Halal?

Oil futures ETF — uses futures contracts which involve gharar.

What You Should Know

USO tracks crude oil prices using futures contracts. While oil is permissible, futures contracts involve gharar (uncertainty). Scholars differ on oil futures.

⚠️ Concerns

•Futures contracts involve gharar
•Speculative mechanism

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