Is ETFMG 2X Daily Travel Tech ETF halal to invest in?

As of September 2026, ETFMG 2X Daily Travel Tech ETF AWYX 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 ETFMG 2X Daily Travel Tech 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 ETFMG 2X Daily Travel Tech ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ETFMG 2X Daily Travel Tech ETF updated?

The Shariah compliance status of ETFMG 2X Daily Travel Tech 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 ETFMG 2X Daily Travel Tech 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 ETFMG 2X Daily Travel Tech ETF?

You can check the latest Shariah compliance status of ETFMG 2X Daily Travel Tech ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ETFMG 2X Daily Travel Tech ETF AWYX

AWYX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ETFMG 2X Daily Travel Tech ETF is classified as not halal.

NOT HALAL

Is ETFMG 2X Daily Travel Tech ETF Halal?

Shariah Compliance Analysis of AWYX ETF

US Equity Consumer Discretionary

No. As of September 2026, ETFMG 2X Daily Travel Tech ETF (AWYX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ETFMG 2X Daily Travel Tech ETF does not pass Musaffa's business and financial screening criteria.

AWYX was created on 2021-06-15 by ETF Managers Group. The fund's investment portfolio concentrates primarily on consumer discretionary equity. AWYX aims for 2x leveraged daily exposure to an index of global travel technology companies that are fundamentally screened and are weighted based on market-cap and liquidity

ETFMG 2X Daily Travel Tech ETF (AWYX) Chart

Key Statistics of ETFMG 2X Daily Travel Tech ETF (AWYX)

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FAQ's for ETFMG 2X Daily Travel Tech ETF (AWYX)

As of September 2026, ETFMG 2X Daily Travel Tech ETF AWYX 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 ETFMG 2X Daily Travel Tech ETF using these criteria to determine its compliance status.
The Shariah compliance status of ETFMG 2X Daily Travel Tech 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 ETFMG 2X Daily Travel Tech ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.