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ETFMG 2X Daily Alternative Harvest ETF MJXL

Is ETFMG 2X Daily Alternative Harvest ETF Halal?

Shariah Compliance Analysis of MJXL ETF

No. As of October 2026, ETFMG 2X Daily Alternative Harvest ETF (MJXL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

MJXL was created on 2021-07-06 by ETF Managers Group. The fund's investment portfolio concentrates primarily on theme equity. MJXL provides 2x daily leveraged exposure to a market-cap-weighted index of cannabis firms located globally.

MJXL Shariah Compliance

As of October 2026, ETFMG 2X Daily Alternative Harvest ETF is classified as not halal.

NOT HALAL

ETFMG 2X Daily Alternative Harvest ETF (MJXL) Chart

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