Is ProShares Ultra QQQ halal to invest in?

As of September 2026, ProShares Ultra QQQ QLD 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 Ultra QQQ 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 Ultra QQQ using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares Ultra QQQ updated?

The Shariah compliance status of ProShares Ultra QQQ 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 Ultra QQQ 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 Ultra QQQ?

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

ProShares Ultra QQQ QLD

QLD Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares Ultra QQQ is classified as not halal.

NOT HALAL

Is ProShares Ultra QQQ ETF Halal?

Shariah Compliance Analysis of QLD ETF

US Equity Large Cap

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

QLD was created on 2006-06-19 by ProShares. The fund's investment portfolio concentrates primarily on large cap equity. QLD provides 2x leveraged exposure to a modified market-cap-weighted index of 100 large non-financial stocks listed on NASDAQ.

ProShares Ultra QQQ (QLD) Chart

Key Statistics of ProShares Ultra QQQ (QLD)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
70.16%
Information Technology
15.39%
Communication Services
4.16%
Consumer Discretionary
4.10%
Consumer Staples
1.83%
Health Care
1.72%
Industrials
1.36%
Materials
0.45%
Utilities
0.42%
Energy
0.18%
Financials
0.17%
Real Estate
0.06%

FAQ's for ProShares Ultra QQQ (QLD)

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