Is Direxion NASDAQ-100 Equal Weighted Index Shares halal to invest in?

As of September 2026, Direxion NASDAQ-100 Equal Weighted Index Shares QQQE 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 NASDAQ-100 Equal Weighted Index Shares 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 NASDAQ-100 Equal Weighted Index Shares using these criteria to determine its compliance status.

How often is the Shariah compliance for Direxion NASDAQ-100 Equal Weighted Index Shares updated?

The Shariah compliance status of Direxion NASDAQ-100 Equal Weighted Index Shares 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 Direxion NASDAQ-100 Equal Weighted Index Shares?

You can check the latest Shariah compliance status of Direxion NASDAQ-100 Equal Weighted Index Shares on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Direxion NASDAQ-100 Equal Weighted Index Shares QQQE

QQQE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Direxion NASDAQ-100 Equal Weighted Index Shares is classified as not halal.

NOT HALAL

Is Direxion NASDAQ-100 Equal Weighted Index Shares ETF Halal?

Shariah Compliance Analysis of QQQE ETF

US Equity Large Cap

No. As of September 2026, Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Direxion NASDAQ-100 Equal Weighted Index Shares does not pass Musaffa's business and financial screening criteria.

QQQE was created on 2012-03-21 by Direxion. The fund's investment portfolio concentrates primarily on large cap equity. QQQE tracks an equal-weighted version of the NASDAQ 100.

Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE) Chart

Key Statistics of Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Information Technology
38.16%
Consumer Discretionary
12.83%
Industrials
10.64%
Communication Services
10.19%
Health Care
10.06%
Consumer Staples
7.26%
Utilities
3.70%
Other
2.16%
Energy
2.11%
Financials
1.02%
Materials
0.94%
Real Estate
0.93%

FAQ's for Direxion NASDAQ-100 Equal Weighted Index Shares (QQQE)

As of September 2026, Direxion NASDAQ-100 Equal Weighted Index Shares QQQE 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 NASDAQ-100 Equal Weighted Index Shares using these criteria to determine its compliance status.
The Shariah compliance status of Direxion NASDAQ-100 Equal Weighted Index Shares 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 NASDAQ-100 Equal Weighted Index Shares on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.