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MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN BERZ

Is MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN ETF Halal?

Shariah Compliance Analysis of BERZ ETF

No. As of October 2026, MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

BERZ was created on 2021-08-17 by REX Microsectors. The fund's investment portfolio concentrates primarily on theme equity. BERZ tracks -3x the daily price movements of an equal-weighted index of US-listed technology companies.

BERZ Shariah Compliance

As of October 2026, MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN is classified as not halal.

NOT HALAL

MicroSectors Solactive FANG & Innovation -3X Inverse Leveraged ETN (BERZ) Chart

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