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Defiance Nasdaq 100 Target 30 Income ETF QQQY

Is Defiance Nasdaq 100 Target 30 Income ETF Halal?

Shariah Compliance Analysis of QQQY ETF

No. As of October 2026, Defiance Nasdaq 100 Target 30 Income ETF (QQQY) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

QQQY was created on 2023-09-14 by Defiance. The fund's investment portfolio concentrates primarily on large cap equity. QQQY seeks to provide weekly income, targeting a 30% annual distribution, by actively placing bullish bets on the Nasdaq-100 Index via call spread strategy. The secondary objective of the fund is to seek limited exposure to the performance of the index.

QQQY Shariah Compliance

As of October 2026, Defiance Nasdaq 100 Target 30 Income ETF is classified as not halal.

NOT HALAL

Defiance Nasdaq 100 Target 30 Income ETF (QQQY) Chart

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