Is Direxion Hydrogen ETF halal to invest in?

As of September 2026, Direxion Hydrogen ETF HJEN 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 Hydrogen 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 Hydrogen ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Direxion Hydrogen ETF updated?

The Shariah compliance status of Direxion Hydrogen 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 Hydrogen 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 Hydrogen ETF?

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

Direxion Hydrogen ETF HJEN

HJEN Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is Direxion Hydrogen ETF Halal?

Shariah Compliance Analysis of HJEN ETF

US Equity Theme

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

HJEN was created on 2021-03-25 by Direxion. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 22.87m in AUM and 32 holdings. HJEN tracks a modified market-cap-weighted index of global companies involved in businesses related to the hydrogen industry.

Direxion Hydrogen ETF (HJEN) Chart

Key Statistics of Direxion Hydrogen ETF (HJEN)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
56.67%
Materials
22.95%
Other
11.38%
Energy
8.54%
Utilities
0.46%

FAQ's for Direxion Hydrogen ETF (HJEN)

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