Is ProShares UltraShort Nasdaq Biotechnology halal to invest in?

As of September 2026, ProShares UltraShort Nasdaq Biotechnology BIS 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 ProShares UltraShort Nasdaq Biotechnology 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 ProShares UltraShort Nasdaq Biotechnology using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares UltraShort Nasdaq Biotechnology updated?

The Shariah compliance status of ProShares UltraShort Nasdaq Biotechnology may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like ProShares UltraShort Nasdaq Biotechnology 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 ProShares UltraShort Nasdaq Biotechnology?

You can check the latest Shariah compliance status of ProShares UltraShort Nasdaq Biotechnology on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ProShares UltraShort Nasdaq Biotechnology BIS

BIS Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is ProShares UltraShort Nasdaq Biotechnology ETF Halal?

Shariah Compliance Analysis of BIS ETF

US Equity Health Care

No. As of September 2026, ProShares UltraShort Nasdaq Biotechnology (BIS) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares UltraShort Nasdaq Biotechnology does not pass Musaffa's business and financial screening criteria.

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.

ProShares UltraShort Nasdaq Biotechnology (BIS) Chart

Key Statistics of ProShares UltraShort Nasdaq Biotechnology (BIS)

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FAQ's for ProShares UltraShort Nasdaq Biotechnology (BIS)

As of September 2026, ProShares UltraShort Nasdaq Biotechnology BIS 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 ProShares UltraShort Nasdaq Biotechnology using these criteria to determine its compliance status.
The Shariah compliance status of ProShares UltraShort Nasdaq Biotechnology 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 ProShares UltraShort Nasdaq Biotechnology on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.