Is ProShares Ultra MidCap400 halal to invest in?

As of September 2026, ProShares Ultra MidCap400 MVV 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 Ultra MidCap400 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 Ultra MidCap400 using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares Ultra MidCap400 updated?

The Shariah compliance status of ProShares Ultra MidCap400 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 Ultra MidCap400 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 Ultra MidCap400?

You can check the latest Shariah compliance status of ProShares Ultra MidCap400 on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ProShares Ultra MidCap400 MVV

MVV Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares Ultra MidCap400 is classified as not halal.

NOT HALAL

Is ProShares Ultra MidCap400 ETF Halal?

Shariah Compliance Analysis of MVV ETF

US Equity Mid Cap

No. As of September 2026, ProShares Ultra MidCap400 (MVV) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares Ultra MidCap400 does not pass Musaffa's business and financial screening criteria.

MVV was created on 2006-06-19 by ProShares. The fund's investment portfolio concentrates primarily on mid cap equity. MVV provides daily 2x leveraged exposure to a market-cap weighted index of 400 US mid-cap companies.

ProShares Ultra MidCap400 (MVV) Chart

Key Statistics of ProShares Ultra MidCap400 (MVV)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
66.20%
Industrials
7.65%
Financials
5.67%
Consumer Discretionary
4.81%
Health Care
3.32%
Information Technology
3.11%
Real Estate
2.47%
Materials
2.20%
Energy
1.76%
Consumer Staples
1.46%
Utilities
0.87%
Communication Services
0.48%

FAQ's for ProShares Ultra MidCap400 (MVV)

As of September 2026, ProShares Ultra MidCap400 MVV 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 Ultra MidCap400 using these criteria to determine its compliance status.
The Shariah compliance status of ProShares Ultra MidCap400 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 Ultra MidCap400 on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.