Is ProShares UltraShort MidCap400 halal to invest in?

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

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

The Shariah compliance status of ProShares UltraShort 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 UltraShort 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 UltraShort MidCap400?

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

ProShares UltraShort MidCap400 MZZ

MZZ Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is ProShares UltraShort MidCap400 ETF Halal?

Shariah Compliance Analysis of MZZ ETF

US Equity Mid Cap

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

MZZ was created on 2006-07-11 by ProShares. The fund's investment portfolio concentrates primarily on mid cap equity. MZZ provides -2x exposure to a market cap-weighted index of 400 US mid-cap companies.

ProShares UltraShort MidCap400 (MZZ) Chart

Key Statistics of ProShares UltraShort MidCap400 (MZZ)

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FAQ's for ProShares UltraShort MidCap400 (MZZ)

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