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United States Brent Oil Fund LP

BNO: Is United States Brent Oil Fund LP Halal?

United States Brent Oil Fund LP

AMEXFinancial ServicesUS

$63.99

Market Cap: 244.7M

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About United States Brent Oil Fund LP

The fund's primary benchmark is a specific Brent crude oil futures contract traded on the Ice Futures Europe Exchange. This typically refers to the contract closest to its expiry date. However, if this front-month contract is fewer than two weeks away from expiration, the fund will instead reference the futures contract scheduled to expire in the subsequent month.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21 look-throughUpdated Oct 10, 2026

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See why BNO is rated Under Review with institutional-grade analysis

Why there is no verdict: this fund holds commodity or currency futures contracts, with cash and Treasury bills held as collateral, rather than shares of companies. A holdings look-through does not apply, and how futures and their collateral should be ruled is not settled in our methodology, so we withhold a verdict rather than guess.

Basket Composition

0% of basket screened

ETFs are baskets of many stocks. AAOIFI-aligned rule: basket is halal when haram weight is under 5%. The purification share is the weighted prohibited-income contribution of the underlying holdings.

100%
Halal0%
Doubtful0%
Not Halal0%
Unknown100%
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The verdict above is final and free.

Pro members can verify every number behind it: interest-bearing deposits, prohibited income breakdown, and the full AAOIFI math.

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Screened according to AAOIFI Standard 21

Compliance History

Under Review, unchanged since Sep 2026.

No status changes recorded since we began tracking.

Tracked since Sep 2026. Updates automatically on each re-screen.

Fiscal: N/AData source: FMP-LOOKTHROUGH

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Frequently Asked Questions

Is United States Brent Oil Fund LP (BNO) halal to invest in?
HalalScreener has not published a verdict on United States Brent Oil Fund LP (BNO): the fund is under review, and the page above says why. Each holding is screened individually under AAOIFI Standard 21 and the result is weighed. A fund is halal when non-compliant holdings stay under 5% of the basket by weight.
Why did United States Brent Oil Fund LP get a C+ compliance rating?
United States Brent Oil Fund LP carries no grade while its verdict is withheld.
What could change United States Brent Oil Fund LP's Shariah verdict?
United States Brent Oil Fund LP's verdict is recalculated whenever the fund rebalances or holdings change materially. If the haram-weight of underlying holdings crosses 5% (the AAOIFI threshold for fund look-through), the verdict will flip to Not Halal. HalalScreener rescreens ETFs at each rebalance cycle.
How often is United States Brent Oil Fund LP re-screened for Shariah compliance?
United States Brent Oil Fund LP is re-screened as its published holdings change. Last screened: Oct 10, 2026.

Screened by holdings look-through under AAOIFI Standard No. 21 · For informational purposes only. Consult a qualified Islamic finance advisor before investing.

Disclaimer: This screening is for informational purposes only and does not constitute financial, legal, or religious advice. A fund is evaluated by screening its holdings under AAOIFI financial standards and weighing the result, using publicly available data. Ethical, political, social, or environmental considerations are outside the scope of this screening. Individual scholars and methodologies may differ. Always consult a qualified Islamic finance advisor before making investment decisions.