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MicroSectors FANG+ 3 Leveraged ETNs FNGU

Is MicroSectors FANG+ 3 Leveraged ETNs ETF Halal?

Shariah Compliance Analysis of FNGU ETF

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

FNGU was created on 2025-02-19 by REX Microsectors. The fund's investment portfolio concentrates primarily on theme equity. FNGU tracks 3x the daily price movements of an index of technology and consumer discretionary companies. The note uses derivatives to achieve its 3x exposure.

FNGU Shariah Compliance

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

NOT HALAL

MicroSectors FANG+ 3 Leveraged ETNs (FNGU) Chart

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