Is Direxion Connected Consumer ETF halal to invest in?

As of September 2026, Direxion Connected Consumer ETF CCON 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 Direxion Connected Consumer ETF 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 Direxion Connected Consumer ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Direxion Connected Consumer ETF updated?

The Shariah compliance status of Direxion Connected Consumer ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Direxion Connected Consumer ETF 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 Direxion Connected Consumer ETF?

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

Direxion Connected Consumer ETF CCON

CCON Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Direxion Connected Consumer ETF is classified as not halal.

NOT HALAL

Is Direxion Connected Consumer ETF Halal?

Shariah Compliance Analysis of CCON ETF

US Equity Theme

No. As of September 2026, Direxion Connected Consumer ETF (CCON) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Direxion Connected Consumer ETF does not pass Musaffa's business and financial screening criteria.

CCON was created on 2020-08-25 by Direxion. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 6.58m in AUM and 41 holdings. CCON is passively-managed to track an equally-weighted, narrow selection of e-commerce and digital media companies that focus on online consumption.

Direxion Connected Consumer ETF (CCON) Chart

Key Statistics of Direxion Connected Consumer ETF (CCON)

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FAQ's for Direxion Connected Consumer ETF (CCON)

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