Is ProShares On-Demand ETF halal to invest in?

As of September 2026, ProShares On-Demand ETF OND 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 On-Demand 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 ProShares On-Demand ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares On-Demand ETF updated?

The Shariah compliance status of ProShares On-Demand 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 ProShares On-Demand 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 ProShares On-Demand ETF?

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

ProShares On-Demand ETF OND

OND Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares On-Demand ETF is classified as not halal.

NOT HALAL

Is ProShares On-Demand ETF Halal?

Shariah Compliance Analysis of OND ETF

US Equity Theme

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

OND was created on 2021-10-26 by ProShares. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 6.19m in AUM and 27 holdings. OND tracks a market-cap-weighted index of global stocks that provides on-demand platforms and services to consumers.

ProShares On-Demand ETF (OND) Chart

Key Statistics of ProShares On-Demand ETF (OND)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Communication Services
44.76%
Consumer Discretionary
24.97%
Industrials
10.91%
Other
10.00%
Information Technology
9.36%

FAQ's for ProShares On-Demand ETF (OND)

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