Is Direxion HCM Tactical Enhanced US ETF halal to invest in?

As of September 2026, Direxion HCM Tactical Enhanced US ETF HCMT 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 Direxion HCM Tactical Enhanced US 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 Direxion HCM Tactical Enhanced US ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Direxion HCM Tactical Enhanced US ETF updated?

The Shariah compliance status of Direxion HCM Tactical Enhanced US 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 Direxion HCM Tactical Enhanced US 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 Direxion HCM Tactical Enhanced US ETF?

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

Direxion HCM Tactical Enhanced US ETF HCMT

HCMT Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Direxion HCM Tactical Enhanced US ETF is classified as not halal.

NOT HALAL

Is Direxion HCM Tactical Enhanced US ETF Halal?

Shariah Compliance Analysis of HCMT ETF

US Equity Total Market

No. As of September 2026, Direxion HCM Tactical Enhanced US ETF (HCMT) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Direxion HCM Tactical Enhanced US ETF does not pass Musaffa's business and financial screening criteria.

HCMT was created on 2023-06-22 by Direxion. The fund's investment portfolio concentrates primarily on total market equity. HCMT is an actively managed fund-of-funds that toggles between a 200% leveraged US equity position and a 100% investment to cash or cash equivalents based on a proprietary tactical indicator that identifies broad trends in the US equity markets.

Direxion HCM Tactical Enhanced US ETF (HCMT) Chart

Key Statistics of Direxion HCM Tactical Enhanced US ETF (HCMT)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
62.37%
Information Technology
12.68%
Health Care
4.56%
Financials
4.19%
Consumer Discretionary
3.93%
Industrials
3.12%
Communication Services
2.92%
Consumer Staples
2.26%
Energy
1.41%
Utilities
0.89%
Materials
0.84%
Real Estate
0.83%

FAQ's for Direxion HCM Tactical Enhanced US ETF (HCMT)

As of September 2026, Direxion HCM Tactical Enhanced US ETF HCMT 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 Direxion HCM Tactical Enhanced US ETF using these criteria to determine its compliance status.
The Shariah compliance status of Direxion HCM Tactical Enhanced US 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 Direxion HCM Tactical Enhanced US ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.