Is AdvisorShares Ranger Equity Bear ETF halal to invest in?

As of September 2026, AdvisorShares Ranger Equity Bear ETF HDGE 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 AdvisorShares Ranger Equity Bear 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 AdvisorShares Ranger Equity Bear ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for AdvisorShares Ranger Equity Bear ETF updated?

The Shariah compliance status of AdvisorShares Ranger Equity Bear 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 AdvisorShares Ranger Equity Bear 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 AdvisorShares Ranger Equity Bear ETF?

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

AdvisorShares Ranger Equity Bear ETF HDGE

HDGE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, AdvisorShares Ranger Equity Bear ETF is classified as not halal.

NOT HALAL

Is AdvisorShares Ranger Equity Bear ETF Halal?

Shariah Compliance Analysis of HDGE ETF

US Equity Total Market

No. As of September 2026, AdvisorShares Ranger Equity Bear ETF (HDGE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. AdvisorShares Ranger Equity Bear ETF does not pass Musaffa's business and financial screening criteria.

HDGE was created on 2011-01-26 by AdvisorShares. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 55.06m in AUM and 3 holdings. HDGE is actively-managed fund that attempts to achieve positive returns by shorting US-listed companies believed to have low earnings quality or use aggressive accounting policies.

AdvisorShares Ranger Equity Bear ETF (HDGE) Chart

Key Statistics of AdvisorShares Ranger Equity Bear ETF (HDGE)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
67.97%
Information Technology
10.38%
Consumer Discretionary
8.63%
Financials
4.25%
Industrials
3.11%
Materials
1.82%
Real Estate
1.17%
Communication Services
1.10%
Consumer Staples
0.86%
Health Care
0.71%

FAQ's for AdvisorShares Ranger Equity Bear ETF (HDGE)

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