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ProShares UltraShort MSCI Brazil Capped BZQ

Is ProShares UltraShort MSCI Brazil Capped ETF Halal?

Shariah Compliance Analysis of BZQ ETF

No. As of October 2026, ProShares UltraShort MSCI Brazil Capped (BZQ) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

BZQ was created on 2009-06-16 by ProShares. The fund's investment portfolio concentrates primarily on total market equity. BZQ provides 2x leveraged inverse exposure to a market-cap-weighted index of mid- and large-cap companies operating in Brazil.

BZQ Shariah Compliance

As of October 2026, ProShares UltraShort MSCI Brazil Capped is classified as not halal.

NOT HALAL

ProShares UltraShort MSCI Brazil Capped (BZQ) Chart

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