Is Texas Capital Texas Oil Index ETF halal to invest in?

As of September 2026, Texas Capital Texas Oil Index ETF OILT is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.

Is Texas Capital Texas Oil Index ETF a Shariah-compliant ETF?

An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes Texas Capital Texas Oil Index ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Texas Capital Texas Oil Index ETF updated?

The Shariah compliance status of Texas Capital Texas Oil Index ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Texas Capital Texas Oil Index ETF become non-compliant?

Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.

Where can I check the Shariah status of Texas Capital Texas Oil Index ETF?

You can check the latest Shariah compliance status of Texas Capital Texas Oil Index ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Texas Capital Texas Oil Index ETF OILT

OILT Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Texas Capital Texas Oil Index ETF is classified as not halal.

NOT HALAL

Is Texas Capital Texas Oil Index ETF Halal?

Shariah Compliance Analysis of OILT ETF

US Equity Energy

No. As of September 2026, Texas Capital Texas Oil Index ETF (OILT) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Texas Capital Texas Oil Index ETF does not pass Musaffa's business and financial screening criteria.

OILT was created on 2023-12-21 by Texas Capital. The fund's investment portfolio concentrates primarily on energy equity. OILT is passively managed ETF, tracking an economic-value weighted index that contains stocks of companies that extract oil and gas within Texas. The resulting portfolio is a narrow basket of approximately 30 stocks.

Texas Capital Texas Oil Index ETF (OILT) Chart

Key Statistics of Texas Capital Texas Oil Index ETF (OILT)

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FAQ's for Texas Capital Texas Oil Index ETF (OILT)

As of September 2026, Texas Capital Texas Oil Index ETF OILT is classified as not halal according to Musaffa’s Shariah screening methodology. This classification is based on an assessment of the company’s business activities and financial ratios against Islamic investment guidelines.
An ETF is considered Shariah-compliant if its underlying assets consist primarily of companies that operate in permissible business activities and meet Islamic financial screening thresholds. Musaffa analyzes Texas Capital Texas Oil Index ETF using these criteria to determine its compliance status.
The Shariah compliance status of Texas Capital Texas Oil Index ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.
Yes. An ETF that is currently Shariah-compliant may become non-compliant if its underlying holdings change or if the financial ratios of the companies within the fund exceed Shariah thresholds.
You can check the latest Shariah compliance status of Texas Capital Texas Oil Index ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.