Is Direxion S&P 500 High minus Low Quality ETF halal to invest in?

As of September 2026, Direxion S&P 500 High minus Low Quality ETF QMJ 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 Direxion S&P 500 High minus Low Quality 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 Direxion S&P 500 High minus Low Quality ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Direxion S&P 500 High minus Low Quality ETF updated?

The Shariah compliance status of Direxion S&P 500 High minus Low Quality 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 Direxion S&P 500 High minus Low Quality 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 Direxion S&P 500 High minus Low Quality ETF?

You can check the latest Shariah compliance status of Direxion S&P 500 High minus Low Quality ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Direxion S&P 500 High minus Low Quality ETF QMJ

QMJ Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Direxion S&P 500 High minus Low Quality ETF is classified as not halal.

NOT HALAL

Is Direxion S&P 500 High minus Low Quality ETF Halal?

Shariah Compliance Analysis of QMJ ETF

US Equity Large Cap

No. As of September 2026, Direxion S&P 500 High minus Low Quality ETF (QMJ) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Direxion S&P 500 High minus Low Quality ETF does not pass Musaffa's business and financial screening criteria.

QMJ was created on 2020-02-05 by Direxion. The fund's investment portfolio concentrates primarily on large cap equity. The ETF currently has 5.21m in AUM and 100 holdings. QMJ tracks an index of US large-caps with long (1.5x) exposure to high quality stocks and inverse (-0.5x) exposure to low quality stocks.

Direxion S&P 500 High minus Low Quality ETF (QMJ) Chart

Key Statistics of Direxion S&P 500 High minus Low Quality ETF (QMJ)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

FAQ's for Direxion S&P 500 High minus Low Quality ETF (QMJ)

As of September 2026, Direxion S&P 500 High minus Low Quality ETF QMJ 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 Direxion S&P 500 High minus Low Quality ETF using these criteria to determine its compliance status.
The Shariah compliance status of Direxion S&P 500 High minus Low Quality 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 Direxion S&P 500 High minus Low Quality ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.