Is Leverage Shares -3x Short Magnificent 7 ETP halal to invest in?

As of September 2026, Leverage Shares -3x Short Magnificent 7 ETP MAGS.L 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 Leverage Shares -3x Short Magnificent 7 ETP 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 Leverage Shares -3x Short Magnificent 7 ETP using these criteria to determine its compliance status.

How often is the Shariah compliance for Leverage Shares -3x Short Magnificent 7 ETP updated?

The Shariah compliance status of Leverage Shares -3x Short Magnificent 7 ETP may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Leverage Shares -3x Short Magnificent 7 ETP 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 Leverage Shares -3x Short Magnificent 7 ETP?

You can check the latest Shariah compliance status of Leverage Shares -3x Short Magnificent 7 ETP on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Leverage Shares -3x Short Magnificent 7 ETP MAGS.L

MAGS.L Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Leverage Shares -3x Short Magnificent 7 ETP is classified as not halal.

NOT HALAL

Is Leverage Shares -3x Short Magnificent 7 ETP ETF Halal?

Shariah Compliance Analysis of MAGS.L ETF

GB Equity Theme

No. As of September 2026, Leverage Shares -3x Short Magnificent 7 ETP (MAGS.L) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Leverage Shares -3x Short Magnificent 7 ETP does not pass Musaffa's business and financial screening criteria.

MAGS.L was created on 2024-03-26 by Leverage Shares. The fund's investment portfolio concentrates primarily on theme equity. The ETP Securities provide a -3x Short Exposure to the Solactive Magnificent 7 Index . The Solactive Magnificent 7 Index tracks the performance of seven mega cap US based companies. Each component of the Solactive Magnificent 7 Index is weighted equally. The Solactive Magnificent 7 Index is rebalanced semi-annually.

Leverage Shares -3x Short Magnificent 7 ETP (MAGS.L) Chart

Key Statistics of Leverage Shares -3x Short Magnificent 7 ETP (MAGS.L)

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FAQ's for Leverage Shares -3x Short Magnificent 7 ETP (MAGS.L)

As of September 2026, Leverage Shares -3x Short Magnificent 7 ETP MAGS.L 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 Leverage Shares -3x Short Magnificent 7 ETP using these criteria to determine its compliance status.
The Shariah compliance status of Leverage Shares -3x Short Magnificent 7 ETP 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 Leverage Shares -3x Short Magnificent 7 ETP on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.