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AXS 2X NKE Bear Daily ETF NKEQ

Is AXS 2X NKE Bear Daily ETF Halal?

Shariah Compliance Analysis of NKEQ ETF

No. As of October 2026, AXS 2X NKE Bear Daily ETF (NKEQ) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

NKEQ was created on 2022-07-14 by AXS Investments. The fund's investment portfolio concentrates primarily on consumer discretionary equity. NKEQ provides inverse (-2x) exposure, less fees and expenses, to the daily price movement for shares of Nike stock.

NKEQ Shariah Compliance

As of October 2026, AXS 2X NKE Bear Daily ETF is classified as not halal.

NOT HALAL

AXS 2X NKE Bear Daily ETF (NKEQ) Chart

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