Is ProShares High Yield-Interest Rate Hedged ETF halal to invest in?

As of September 2026, ProShares High Yield-Interest Rate Hedged ETF HYHG 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 ProShares High Yield-Interest Rate Hedged 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 ProShares High Yield-Interest Rate Hedged ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares High Yield-Interest Rate Hedged ETF updated?

The Shariah compliance status of ProShares High Yield-Interest Rate Hedged 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 ProShares High Yield-Interest Rate Hedged 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 ProShares High Yield-Interest Rate Hedged ETF?

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

ProShares High Yield-Interest Rate Hedged ETF HYHG

HYHG Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares High Yield-Interest Rate Hedged ETF is classified as not halal.

NOT HALAL

Is ProShares High Yield-Interest Rate Hedged ETF Halal?

Shariah Compliance Analysis of HYHG ETF

US Fixed Income High Yield

No. As of September 2026, ProShares High Yield-Interest Rate Hedged ETF (HYHG) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares High Yield-Interest Rate Hedged ETF does not pass Musaffa's business and financial screening criteria.

HYHG was created on 2013-05-21 by ProShares. The fund's investment portfolio concentrates primarily on high yield fixed income. The ETF currently has 164.68m in AUM and 230 holdings. HYHG tracks a market-value-weighted index that goes long high-yield USD debt from US and Canadian issuers and shorts a duration-matched combination of 2-, 5- and 10-year US Treasurys.

ProShares High Yield-Interest Rate Hedged ETF (HYHG) Chart

Key Statistics of ProShares High Yield-Interest Rate Hedged ETF (HYHG)

Today's Open

AUM

Avg. Volume

Expense Ratio

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FAQ's for ProShares High Yield-Interest Rate Hedged ETF (HYHG)

As of September 2026, ProShares High Yield-Interest Rate Hedged ETF HYHG 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 ProShares High Yield-Interest Rate Hedged ETF using these criteria to determine its compliance status.
The Shariah compliance status of ProShares High Yield-Interest Rate Hedged 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 ProShares High Yield-Interest Rate Hedged ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.