As of September 2026, ProShares Ultra COIN is classified as not halal.
NOT HALAL
Is ProShares Ultra COIN ETF Halal?
Shariah Compliance Analysis of COIA ETF
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No. As of September 2026, ProShares Ultra COIN (COIA) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares Ultra COIN does not pass Musaffa's business and financial screening criteria.
COIA was created on 2025-09-08 by ProShares. The fund's investment portfolio concentrates primarily on financials equity. COIA provides 2x exposure to the daily returns of Coinbase Global (COIN) stock, less expenses.
ProShares Ultra COIN (COIA) Chart
Key Statistics of ProShares Ultra COIN (COIA)
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FAQ's for ProShares Ultra COIN (COIA)
As of September 2026, ProShares Ultra COIN COIA 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 ProShares Ultra COIN using these criteria to determine its compliance status.
The Shariah compliance status of ProShares Ultra COIN 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 Ultra COIN on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.
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