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MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN OILD

Is MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN ETF Halal?

Shariah Compliance Analysis of OILD ETF

No. As of October 2026, MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

OILD was created on 2021-11-08 by REX Microsectors. The fund's investment portfolio concentrates primarily on energy equity. OILD provides 3x daily inverse exposure to a tier-weighted index of US firms involved in oil and gas exploration and production.

OILD Shariah Compliance

As of October 2026, MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN is classified as not halal.

NOT HALAL

MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD) Chart

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