Musaffa Logo
M
MegaShort (-3X) Canadian Gold Miners Daily Leveraged Alternative ETF CGMD.TO

Is MegaShort (-3X) Canadian Gold Miners Daily Leveraged Alternative ETF Halal?

Shariah Compliance Analysis of CGMD.TO ETF

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

CGMD.TO was created on 2025-05-29 by LongPoint. The fund's investment portfolio concentrates primarily on materials equity. The fund is passively managed, aiming to provide -3x leveraged daily exposure to a market cap-weighted index of Canadian gold mining stocks. The fund does not hedge USD currency exposure.

CGMD.TO Shariah Compliance

As of October 2026, MegaShort (-3X) Canadian Gold Miners Daily Leveraged Alternative ETF is classified as not halal.

NOT HALAL

MegaShort (-3X) Canadian Gold Miners Daily Leveraged Alternative ETF (CGMD.TO) Chart

Fetching Price Chart...