Is ProShares Short Oil & Gas halal to invest in?

As of September 2026, ProShares Short Oil & Gas DDG 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 Short Oil & Gas 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 Short Oil & Gas using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares Short Oil & Gas updated?

The Shariah compliance status of ProShares Short Oil & Gas 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 Short Oil & Gas 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 Short Oil & Gas?

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

ProShares Short Oil & Gas DDG

DDG Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares Short Oil & Gas is classified as not halal.

NOT HALAL

Is ProShares Short Oil & Gas ETF Halal?

Shariah Compliance Analysis of DDG ETF

US Equity Energy

No. As of September 2026, ProShares Short Oil & Gas (DDG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares Short Oil & Gas does not pass Musaffa's business and financial screening criteria.

DDG was created on 2008-06-12 by ProShares. The fund's investment portfolio concentrates primarily on energy equity. DDG provides inverse exposure to a market-cap-weighted index that tracks the performance of large US oil and gas companies.

ProShares Short Oil & Gas (DDG) Chart

Key Statistics of ProShares Short Oil & Gas (DDG)

Today's Open

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Avg. Volume

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FAQ's for ProShares Short Oil & Gas (DDG)

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