Derivative
Is Oil CFD / WTI rolling contract halal?
Not permissible
Read our methodology and editorial policy.
Short answer
Oil CFDs and rolling spot oil contracts are pure price-difference instruments. There is no underlying delivery, no possession, and typically overnight financing — three independent reasons for exclusion.
The reasoning
Conditions
- For oil exposure, use shariah-screened energy equities instead.
Red flags
- Any retail oil CFD or leveraged ETF on oil futures.