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MegaLong (3X) Canadian Banks Daily Leveraged Alternative ETF BNKU.TO

Is MegaLong (3X) Canadian Banks Daily Leveraged Alternative ETF Halal?

Shariah Compliance Analysis of BNKU.TO ETF

No. As of October 2026, MegaLong (3X) Canadian Banks Daily Leveraged Alternative ETF (BNKU.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

BNKU.TO was created on 2025-05-29 by LongPoint. The fund's investment portfolio concentrates primarily on financials equity. The fund is passively managed, aiming to provide 3x leveraged daily exposure to an equally-weighted index of the six largest Canadian bank stocks. The fund does not hedge USD currency exposure.

BNKU.TO Shariah Compliance

As of October 2026, MegaLong (3X) Canadian Banks Daily Leveraged Alternative ETF is classified as not halal.

NOT HALAL

MegaLong (3X) Canadian Banks Daily Leveraged Alternative ETF (BNKU.TO) Chart

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