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MegaLong (3X) Canadian Gold Miners Daily Leveraged Alternative ETF CGMU.TO

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

Shariah Compliance Analysis of CGMU.TO ETF

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

CGMU.TO was created on 2025-05-28 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 market cap-weighted index of Canadian gold mining stocks. The fund does not hedge USD currency exposure.

CGMU.TO Shariah Compliance

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

NOT HALAL

MegaLong (3X) Canadian Gold Miners Daily Leveraged Alternative ETF (CGMU.TO) Chart

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