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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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