Is ProShares Ultra Top QQQ halal to invest in?

As of September 2026, ProShares Ultra Top QQQ QQUP 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 ProShares Ultra Top QQQ 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 ProShares Ultra Top QQQ using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares Ultra Top QQQ updated?

The Shariah compliance status of ProShares Ultra Top QQQ may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like ProShares Ultra Top QQQ 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 ProShares Ultra Top QQQ?

You can check the latest Shariah compliance status of ProShares Ultra Top QQQ on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ProShares Ultra Top QQQ QQUP

QQUP Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares Ultra Top QQQ is classified as not halal.

NOT HALAL

Is ProShares Ultra Top QQQ ETF Halal?

Shariah Compliance Analysis of QQUP ETF

US Equity Large Cap

No. As of September 2026, ProShares Ultra Top QQQ (QQUP) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares Ultra Top QQQ does not pass Musaffa's business and financial screening criteria.

QQUP was created on 2025-06-10 by ProShares. The fund's investment portfolio concentrates primarily on large cap equity. QQUP aims provide 2x the daily 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.

ProShares Ultra Top QQQ (QQUP) Chart

Key Statistics of ProShares Ultra Top QQQ (QQUP)

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FAQ's for ProShares Ultra Top QQQ (QQUP)

As of September 2026, ProShares Ultra Top QQQ QQUP 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 ProShares Ultra Top QQQ using these criteria to determine its compliance status.
The Shariah compliance status of ProShares Ultra Top QQQ 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 ProShares Ultra Top QQQ on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.