Is $PHO Etf halal to buy ?
Nearly 18% of the ETF consists of companies in the utilities sector which are typically high in debt so I wouldn’t be surprised if most of them fail shariah compliance.
Assalaam Alaykum Saad,But Zoya app lists PHO as shariah compliant.Are you talking about another PHO?
Oh yes,I was talking about Photon Control.Now I understand.
So you think it is not shariah Etf
Pho for water companies
Unfortunately, no, it doesn’t seem to be.