← Back to Halal Checker

OIL

Crude Oil

DOUBTFUL
Score: 58/100
commodity

Is OIL Halal?

Oil is permissible as a commodity but futures trading involves gharar.

What You Should Know

Crude oil as a physical commodity is permissible to trade. Oil futures contracts, however, involve gharar and speculative elements that concern Islamic scholars.

⚠️ Concerns

  • •Oil futures involve gharar
  • •Environmental harm from oil production

Similar Crypto

GOLD
Physical Gold
HALAL95/100
SILVER
Physical Silver
HALAL92/100
WHEAT
Wheat
HALAL88/100
PLATINUM
Platinum
HALAL90/100
COPPER
Copper
DOUBTFUL60/100

Want to screen more assets?

Use our interactive Halal Checker to screen any stock, ETF, or crypto instantly.

Go to Halal Checker →