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MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF QQQU.TO

Is MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF Halal?

Shariah Compliance Analysis of QQQU.TO ETF

No. As of October 2026, MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF (QQQU.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

QQQU.TO was created on 2025-05-22 by LongPoint. The fund's investment portfolio concentrates primarily on large cap equity. QQQU.TO provides 3x daily leveraged exposure to a modified market-cap-weighted index of 100 large non-financial stocks listed on NASDAQ exchanage. The USD currency exposure is unhedged.

QQQU.TO Shariah Compliance

As of October 2026, MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF is classified as not halal.

NOT HALAL

MegaLong (3X) NASDAQ-100 Daily Leveraged Alternative ETF (QQQU.TO) Chart

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