Is Direxion High Growth ETF halal to invest in?

As of September 2026, Direxion High Growth ETF HIPR 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 High Growth 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 High Growth ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Direxion High Growth ETF updated?

The Shariah compliance status of Direxion High Growth 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 High Growth 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 High Growth ETF?

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

Direxion High Growth ETF HIPR

HIPR Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Direxion High Growth ETF is classified as not halal.

NOT HALAL

Is Direxion High Growth ETF Halal?

Shariah Compliance Analysis of HIPR ETF

US Equity Large Cap

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

HIPR was created on 2020-06-11 by Direxion. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 9.02m in AUM and 100 holdings. HIPR tracks an index of US growth stocks that are selected and weighted by their quality, momentum, value, and volatility scores.

Direxion High Growth ETF (HIPR) Chart

Key Statistics of Direxion High Growth ETF (HIPR)

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FAQ's for Direxion High Growth ETF (HIPR)

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