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United States 12 Month Oil Fund

USL: Is United States 12 Month Oil Fund Halal?

United States 12 Month Oil Fund

AMEXFinancial ServicesUS

$59.06

Market Cap: 48.0M

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About United States 12 Month Oil Fund

The United States 12 Month Oil Fund, LP (USL) operates as an exchange-traded product. Its primary objective is to mirror the daily price changes of West Texas Intermediate (WTI) light, sweet crude oil. Units of USL are available for public trading, allowing investors to buy and sell them on the NYSE Arca exchange.

Sector: Financial Services · Industry: Asset Management

Shariah Compliance Status

AAOIFI Standard 21 look-throughUpdated Oct 8, 2026

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See why USL 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

Purify Your USL Dividends

Calculate your purification amount for USL dividends based on AAOIFI standards.

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Frequently Asked Questions

Is United States 12 Month Oil Fund (USL) halal to invest in?
HalalScreener has not published a verdict on United States 12 Month Oil Fund (USL): 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 12 Month Oil Fund get a C+ compliance rating?
United States 12 Month Oil Fund carries no grade while its verdict is withheld.
What could change United States 12 Month Oil Fund's Shariah verdict?
United States 12 Month Oil Fund'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 12 Month Oil Fund re-screened for Shariah compliance?
United States 12 Month Oil Fund is re-screened as its published holdings change. Last screened: Oct 8, 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.