Is KraneShares 2x Long MELI Daily ETF halal to invest in?

As of September 2026, KraneShares 2x Long MELI Daily ETF KMLI 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 KraneShares 2x Long MELI Daily 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 KraneShares 2x Long MELI Daily ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for KraneShares 2x Long MELI Daily ETF updated?

The Shariah compliance status of KraneShares 2x Long MELI Daily 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 KraneShares 2x Long MELI Daily 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 KraneShares 2x Long MELI Daily ETF?

You can check the latest Shariah compliance status of KraneShares 2x Long MELI Daily ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

KraneShares 2x Long MELI Daily ETF KMLI

KMLI Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, KraneShares 2x Long MELI Daily ETF is classified as not halal.

NOT HALAL

Is KraneShares 2x Long MELI Daily ETF Halal?

Shariah Compliance Analysis of KMLI ETF

US Equity Consumer Discretionary

No. As of September 2026, KraneShares 2x Long MELI Daily ETF (KMLI) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. KraneShares 2x Long MELI Daily ETF does not pass Musaffa's business and financial screening criteria.

KMLI was created on 2025-06-11 by KraneShares. The fund's investment portfolio concentrates primarily on consumer discretionary equity. KMLI provides 2x leveraged exposure, less fees and expenses, to the daily price movement of Mercado Libre Inc. stock (ticker: MELI).

KraneShares 2x Long MELI Daily ETF (KMLI) Chart

Key Statistics of KraneShares 2x Long MELI Daily ETF (KMLI)

Today's Open

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Avg. Volume

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FAQ's for KraneShares 2x Long MELI Daily ETF (KMLI)

As of September 2026, KraneShares 2x Long MELI Daily ETF KMLI 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 KraneShares 2x Long MELI Daily ETF using these criteria to determine its compliance status.
The Shariah compliance status of KraneShares 2x Long MELI Daily 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 KraneShares 2x Long MELI Daily ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.