Is GraniteShares 2x Long COIN Daily ETF halal to invest in?

As of September 2026, GraniteShares 2x Long COIN Daily ETF CONL 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 GraniteShares 2x Long COIN Daily 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 GraniteShares 2x Long COIN Daily ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for GraniteShares 2x Long COIN Daily ETF updated?

The Shariah compliance status of GraniteShares 2x Long COIN Daily 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 GraniteShares 2x Long COIN Daily 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 GraniteShares 2x Long COIN Daily ETF?

You can check the latest Shariah compliance status of GraniteShares 2x Long COIN Daily ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

GraniteShares 2x Long COIN Daily ETF CONL

CONL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, GraniteShares 2x Long COIN Daily ETF is classified as not halal.

NOT HALAL

Is GraniteShares 2x Long COIN Daily ETF Halal?

Shariah Compliance Analysis of CONL ETF

US Equity Financials

No. As of September 2026, GraniteShares 2x Long COIN Daily ETF (CONL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. GraniteShares 2x Long COIN Daily ETF does not pass Musaffa's business and financial screening criteria.

CONL was created on 2022-08-09 by GraniteShares. The fund's investment portfolio concentrates primarily on financials equity. CONL provides 2x leveraged exposure, less fees and expenses, to the daily price movement for shares of Coinbase stock.

GraniteShares 2x Long COIN Daily ETF (CONL) Chart

Key Statistics of GraniteShares 2x Long COIN Daily ETF (CONL)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for GraniteShares 2x Long COIN Daily ETF (CONL)

As of September 2026, GraniteShares 2x Long COIN Daily ETF CONL 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 GraniteShares 2x Long COIN Daily ETF using these criteria to determine its compliance status.
The Shariah compliance status of GraniteShares 2x Long COIN Daily 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 GraniteShares 2x Long COIN Daily ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.