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ProShares UltraShort Nasdaq Biotechnology BIS

Is ProShares UltraShort Nasdaq Biotechnology ETF Halal?

Shariah Compliance Analysis of BIS ETF

No. As of October 2026, ProShares UltraShort Nasdaq Biotechnology (BIS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

BIS was created on 2010-04-07 by ProShares. The fund's investment portfolio concentrates primarily on health care equity. BIS provides -2x exposure to a market-cap-weighted index of biotechnology and pharmaceutical companies listed on the NASDAQ.

BIS Shariah Compliance

As of October 2026, ProShares UltraShort Nasdaq Biotechnology is classified as not halal.

NOT HALAL

ProShares UltraShort Nasdaq Biotechnology (BIS) Chart

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