Does United States Gasoline Fund, LP pass AAOIFI look-through screening?

HalalScreener has not published a Shariah verdict on United States Gasoline Fund, LP (UGA): it is under review. A fund is screened by looking through its holdings: each holding is screened under AAOIFI Standard No. 21 and weighed, and the fund is halal when non-compliant holdings stay under 5% of the basket by weight.

Where can I screen United States Gasoline Fund, LP for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for United States Gasoline Fund, LP (UGA) and 8,200+ securities. US-listed stocks and ETFs are screened under AAOIFI Standard No. 21. Bursa Malaysia securities carry the Securities Commission Malaysia's official status. Coins are screened separately, under published scholarly opinion. The verdict is free, with no credit card or signup required for basic screening.

UGAUnder Review

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UGA: Is United States Gasoline Fund, LP Halal?

United States Gasoline Fund, LP

AMEXFinancial ServicesUS

$146.32

Market Cap: 134.1M

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About United States Gasoline Fund, LP

United States Gasoline Fund, LP is an exchange traded fund launched and managed by United States Commodity Funds LLC. The fund invests in the commodity markets of the United States. It invests through derivatives in gasoline, other types of gasoline, crude oil, diesel-heating oil, natural gas and other petroleum-based fuels. The fund employs market neutral strategy and uses derivatives such as futures to create its portfolio. The fund seeks to track the daily changes in percentage terms of the spot price of gasoline traded on the New York Mercantile Exchange. United States Gasoline Fund, LP was formed on February 26, 2008 and is domiciled in the United States.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21 look-throughUpdated Oct 7, 2026

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See why UGA 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 Gasoline Fund, LP (UGA) halal to invest in?

HalalScreener has not published a verdict on United States Gasoline Fund, LP (UGA): 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 Gasoline Fund, LP get a C+ compliance rating?

United States Gasoline Fund, LP carries no grade while its verdict is withheld.

What could change United States Gasoline Fund, LP's Shariah verdict?

United States Gasoline 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 Gasoline Fund, LP re-screened for Shariah compliance?

United States Gasoline Fund, LP is re-screened as its published holdings change. Last screened: Oct 7, 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.