Is ProShares Ultra QQQ Top 30 halal to invest in?

As of September 2026, ProShares Ultra QQQ Top 30 QQXL 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 QQQ Top 30 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 QQQ Top 30 using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares Ultra QQQ Top 30 updated?

The Shariah compliance status of ProShares Ultra QQQ Top 30 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 QQQ Top 30 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 QQQ Top 30?

You can check the latest Shariah compliance status of ProShares Ultra QQQ Top 30 on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ProShares Ultra QQQ Top 30 QQXL

QQXL Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares Ultra QQQ Top 30 is classified as not halal.

NOT HALAL

Is ProShares Ultra QQQ Top 30 ETF Halal?

Shariah Compliance Analysis of QQXL ETF

US Equity Large Cap

No. As of September 2026, ProShares Ultra QQQ Top 30 (QQXL) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares Ultra QQQ Top 30 does not pass Musaffa's business and financial screening criteria.

QQXL was created on 2025-08-13 by ProShares. The fund's investment portfolio concentrates primarily on large cap equity. QQXL aims to provide 2x the daily performance of the Nasdaq-100 Top 30 Index, using swap agreements. The index targets a narrow group of stocks constituting the top 30 companies of the Nasdaq-100 Index by market capitalization.

ProShares Ultra QQQ Top 30 (QQXL) Chart

Key Statistics of ProShares Ultra QQQ Top 30 (QQXL)

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FAQ's for ProShares Ultra QQQ Top 30 (QQXL)

As of September 2026, ProShares Ultra QQQ Top 30 QQXL 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 QQQ Top 30 using these criteria to determine its compliance status.
The Shariah compliance status of ProShares Ultra QQQ Top 30 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 QQQ Top 30 on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.