Is XLF (Financial Select Sector SPDR Fund) halal?

Q: Is XLF (Financial Select Sector SPDR Fund) halal?

HARAM: Financial sector ETF — banks and insurance companies are impermissible. XLF holds US financial companies including banks, insurance, and financial services. The financial sector is predominantly haram due to riba-based operations.

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XLF

Financial Select Sector SPDR Fund

HARAM

Score: 8/100

etf

Is XLF Halal?

Financial sector ETF — banks and insurance companies are impermissible.

What You Should Know

XLF holds US financial companies including banks, insurance, and financial services. The financial sector is predominantly haram due to riba-based operations.

⚠️ Concerns

•Banks earn interest (riba)
•Insurance involves gharar
•Full financial sector exposure

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