Does United States Natural Gas Fund LP pass AAOIFI look-through screening?

HalalScreener has not published a Shariah verdict on United States Natural Gas Fund LP (UNG): 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 Natural Gas Fund LP for Shariah compliance for free?

HalalScreener (halalscreener.app) offers free Shariah compliance screening for United States Natural Gas Fund LP (UNG) 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.

UNGUnder Review

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UNG: Is United States Natural Gas Fund LP Halal?

United States Natural Gas Fund LP

AMEXFinancial ServicesUS

$11.01

Market Cap: 460.7M

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About United States Natural Gas Fund LP

The fund primarily directs its investments into natural gas futures contracts. These financial instruments are actively traded across various platforms, including the New York Mercantile Exchange (NYMEX), ICE Futures Europe, ICE Futures U.S., and other domestic or international exchanges. The standard benchmark for the fund is the near-month natural gas futures contract listed on the NYMEX, except when that specific contract is less than two weeks away from its expiration date.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21 look-throughUpdated Oct 9, 2026

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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 Natural Gas Fund LP (UNG) halal to invest in?

HalalScreener has not published a verdict on United States Natural Gas Fund LP (UNG): 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 Natural Gas Fund LP get a C+ compliance rating?

United States Natural Gas Fund LP carries no grade while its verdict is withheld.

What could change United States Natural Gas Fund LP's Shariah verdict?

United States Natural Gas 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 Natural Gas Fund LP re-screened for Shariah compliance?

United States Natural Gas Fund LP is re-screened as its published holdings change. Last screened: Oct 9, 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.