Is ProShares Big Data Refiners ETF halal to invest in?

As of September 2026, ProShares Big Data Refiners ETF DAT 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 ProShares Big Data Refiners 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 Big Data Refiners ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares Big Data Refiners ETF updated?

The Shariah compliance status of ProShares Big Data Refiners 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 Big Data Refiners 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 Big Data Refiners ETF?

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

ProShares Big Data Refiners ETF DAT

DAT Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares Big Data Refiners ETF is classified as not halal.

NOT HALAL

Is ProShares Big Data Refiners ETF Halal?

Shariah Compliance Analysis of DAT ETF

US Equity Information Technology

No. As of September 2026, ProShares Big Data Refiners ETF (DAT) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares Big Data Refiners ETF does not pass Musaffa's business and financial screening criteria.

DAT was created on 2021-09-29 by ProShares. The fund's investment portfolio concentrates primarily on information technology equity. The ETF currently has 6.93m in AUM and 29 holdings. DAT tracks a market-cap-weighted index of global companies focusing on the management, storage, usage, and analysis of large structured and unstructured datasets.

ProShares Big Data Refiners ETF (DAT) Chart

Key Statistics of ProShares Big Data Refiners ETF (DAT)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
93.67%
Other
4.52%
Consumer Discretionary
1.81%

FAQ's for ProShares Big Data Refiners ETF (DAT)

As of September 2026, ProShares Big Data Refiners ETF DAT 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 Big Data Refiners ETF using these criteria to determine its compliance status.
The Shariah compliance status of ProShares Big Data Refiners 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 Big Data Refiners ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.