Is Direxion Moonshot Innovators ETF halal to invest in?

As of September 2026, Direxion Moonshot Innovators ETF MOON 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 Moonshot Innovators 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 Moonshot Innovators ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Direxion Moonshot Innovators ETF updated?

The Shariah compliance status of Direxion Moonshot Innovators 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 Moonshot Innovators 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 Moonshot Innovators ETF?

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

Direxion Moonshot Innovators ETF MOON

MOON Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is Direxion Moonshot Innovators ETF Halal?

Shariah Compliance Analysis of MOON ETF

US Equity Theme

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

MOON was created on 2020-11-12 by Direxion. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 19.89m in AUM and 51 holdings. MOON tracks a tier-weighted index that selects US-listed companies seeking innovative technologies.

Direxion Moonshot Innovators ETF (MOON) Chart

Key Statistics of Direxion Moonshot Innovators ETF (MOON)

Today's Open

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FAQ's for Direxion Moonshot Innovators ETF (MOON)

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