Is XLU (Utilities Select Sector SPDR Fund) halal?

Q: Is XLU (Utilities Select Sector SPDR Fund) halal?

DOUBTFUL: Utilities — permissible service but extreme debt structure. XLU holds utility companies. Core electricity and gas service is permissible but extreme debt levels concern scholars.

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XLU

Utilities Select Sector SPDR Fund

DOUBTFUL

Score: 50/100

etf

Is XLU Halal?

Utilities — permissible service but extreme debt structure.

What You Should Know

XLU holds utility companies. Core electricity and gas service is permissible but extreme debt levels concern scholars.

⚠️ Concerns

•Very high utility debt
•Interest payments dominant

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