Is ProShares Ultra Dow30 halal to invest in?

As of September 2026, ProShares Ultra Dow30 DDM 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 Ultra Dow30 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 Ultra Dow30 using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares Ultra Dow30 updated?

The Shariah compliance status of ProShares Ultra Dow30 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 Ultra Dow30 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 Ultra Dow30?

You can check the latest Shariah compliance status of ProShares Ultra Dow30 on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ProShares Ultra Dow30 DDM

DDM Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares Ultra Dow30 is classified as not halal.

NOT HALAL

Is ProShares Ultra Dow30 ETF Halal?

Shariah Compliance Analysis of DDM ETF

US Equity Large Cap

No. As of September 2026, ProShares Ultra Dow30 (DDM) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares Ultra Dow30 does not pass Musaffa's business and financial screening criteria.

DDM was created on 2006-06-19 by ProShares. The fund's investment portfolio concentrates primarily on large cap equity. DDM provides 2x leveraged exposure to the price-weighted Dow Jones Industrial Average, which includes 30 of the largest and most stable US companies.

ProShares Ultra Dow30 (DDM) Chart

Key Statistics of ProShares Ultra Dow30 (DDM)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
67.89%
Financials
7.78%
Information Technology
6.09%
Health Care
5.76%
Consumer Discretionary
4.83%
Industrials
4.37%
Consumer Staples
1.57%
Energy
0.77%
Communication Services
0.69%
Materials
0.25%

FAQ's for ProShares Ultra Dow30 (DDM)

As of September 2026, ProShares Ultra Dow30 DDM 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 Dow30 using these criteria to determine its compliance status.
The Shariah compliance status of ProShares Ultra Dow30 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 Dow30 on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.