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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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