Is MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN halal to invest in?

As of September 2026, MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN OILD 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 MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN 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 MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN using these criteria to determine its compliance status.

How often is the Shariah compliance for MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN updated?

The Shariah compliance status of MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN?

You can check the latest Shariah compliance status of MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

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

OILD Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

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

Shariah Compliance Analysis of OILD ETF

US Equity Energy

No. As of September 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. MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN does not pass Musaffa's business and financial screening criteria.

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.

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

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

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Energy
100.00%

FAQ's for MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN (OILD)

As of September 2026, MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN OILD 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 MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN using these criteria to determine its compliance status.
The Shariah compliance status of MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN 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 MicroSectors Oil & Gas Exp. & Prod. -3x Inverse Leveraged ETN on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.