Is ProShares Long Online/Short Stores ETF halal to invest in?

As of September 2026, ProShares Long Online/Short Stores ETF CLIX is classified as doubtful 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 ProShares Long Online/Short Stores 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 ProShares Long Online/Short Stores ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares Long Online/Short Stores ETF updated?

The Shariah compliance status of ProShares Long Online/Short Stores 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 ProShares Long Online/Short Stores 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 ProShares Long Online/Short Stores ETF?

You can check the latest Shariah compliance status of ProShares Long Online/Short Stores ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ProShares Long Online/Short Stores ETF CLIX

CLIX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares Long Online/Short Stores ETF is classified as doubtful.

DOUBTFUL

Is ProShares Long Online/Short Stores ETF Halal?

Shariah Compliance Analysis of CLIX ETF

US Equity Consumer Discretionary

No. As of September 2026, ProShares Long Online/Short Stores ETF (CLIX) is classified as DOUBTFUL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares Long Online/Short Stores ETF does not fully pass Musaffa's business and financial screening criteria.

CLIX was created on 2017-11-14 by ProShares. The fund's investment portfolio concentrates primarily on consumer discretionary equity. The ETF currently has 7.58m in AUM and 20 holdings. CLIX tracks a fixed-selection, tier-weighted index of both long and short positions in US-listed securities.

ProShares Long Online/Short Stores ETF (CLIX) Chart

Key Statistics of ProShares Long Online/Short Stores ETF (CLIX)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Consumer Discretionary
49.20%
Other
48.63%
Communication Services
1.29%
Consumer Staples
0.88%

FAQ's for ProShares Long Online/Short Stores ETF (CLIX)

As of September 2026, ProShares Long Online/Short Stores ETF CLIX is classified as doubtful 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 ProShares Long Online/Short Stores ETF using these criteria to determine its compliance status.
The Shariah compliance status of ProShares Long Online/Short Stores 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 ProShares Long Online/Short Stores ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.