Global X Lithium & Battery Tech ETF (LIT) Halal?

Salam Everyone.

As there a great buzz around Electric cars (Tesla, NIO) i was thinking about investing in Lithium battery ETFs.

Anyone shed some light on this ETF if it is halal or Sharia compliant.


Wa alaykum salaam,

It depends on what vehicle is being used to track and the Shariah screening of the ETF. The ETF would need a Shariah review.