Is Direxion Fallen Knives ETF halal to invest in?

As of September 2026, Direxion Fallen Knives ETF NIFE 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 Fallen Knives 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 Fallen Knives ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Direxion Fallen Knives ETF updated?

The Shariah compliance status of Direxion Fallen Knives 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 Fallen Knives 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 Fallen Knives ETF?

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

Direxion Fallen Knives ETF NIFE

NIFE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Direxion Fallen Knives ETF is classified as not halal.

NOT HALAL

Is Direxion Fallen Knives ETF Halal?

Shariah Compliance Analysis of NIFE ETF

US Equity Total Market

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

NIFE was created on 2020-06-11 by Direxion. The fund's investment portfolio concentrates primarily on total market equity. The ETF currently has 3.74m in AUM and 51 holdings. NIFE tracks a market-cap weighted index of US stocks that have negative momentum, but healthy fundamentals.

Direxion Fallen Knives ETF (NIFE) Chart

Key Statistics of Direxion Fallen Knives ETF (NIFE)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Health Care
49.92%
Information Technology
23.27%
Industrials
6.94%
Communication Services
6.52%
Other
5.17%
Materials
3.79%
Consumer Discretionary
2.70%
Financials
1.07%
Energy
0.62%

FAQ's for Direxion Fallen Knives ETF (NIFE)

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