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ProShares UltraShort Top QQQ QQDN

Is ProShares UltraShort Top QQQ ETF Halal?

Shariah Compliance Analysis of QQDN ETF

No. As of October 2026, ProShares UltraShort Top QQQ (QQDN) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

QQDN was created on 2025-06-10 by ProShares. The fund's investment portfolio concentrates primarily on large cap equity. QQDN aims provide -2x the daily inverse performance of the Nasdaq-100 Mega Index, using swap agreements. The index targets a narrow group of stocks that constitute the top 45% of the Nasdaq-100 Index by market capitalization.

QQDN Shariah Compliance

As of October 2026, ProShares UltraShort Top QQQ is classified as not halal.

NOT HALAL

ProShares UltraShort Top QQQ (QQDN) Chart

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