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MicroSectors FANG+ Index 3X Leveraged ETN FNGA

Is MicroSectors FANG+ Index 3X Leveraged ETN ETF Halal?

Shariah Compliance Analysis of FNGA ETF

No. As of October 2026, MicroSectors FANG+ Index 3X Leveraged ETN (FNGA) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

FNGA was created on 2018-01-22 by REX Microsectors. The fund's investment portfolio concentrates primarily on theme equity. FNGA tracks 3x the daily price movements of an equal-weighted index of US-listed technology and consumer discretionary companies.

FNGA Shariah Compliance

As of October 2026, MicroSectors FANG+ Index 3X Leveraged ETN is classified as not halal.

NOT HALAL

MicroSectors FANG+ Index 3X Leveraged ETN (FNGA) Chart

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