Is ProShares Ultra SmallCap600 halal to invest in?

As of September 2026, ProShares Ultra SmallCap600 SAA 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 SmallCap600 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 SmallCap600 using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares Ultra SmallCap600 updated?

The Shariah compliance status of ProShares Ultra SmallCap600 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 SmallCap600 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 SmallCap600?

You can check the latest Shariah compliance status of ProShares Ultra SmallCap600 on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ProShares Ultra SmallCap600 SAA

SAA Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares Ultra SmallCap600 is classified as not halal.

NOT HALAL

Is ProShares Ultra SmallCap600 ETF Halal?

Shariah Compliance Analysis of SAA ETF

US Equity Small Cap

No. As of September 2026, ProShares Ultra SmallCap600 (SAA) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares Ultra SmallCap600 does not pass Musaffa's business and financial screening criteria.

SAA was created on 2007-01-23 by ProShares. The fund's investment portfolio concentrates primarily on small cap equity. SAA provides 2x leveraged exposure to a market-cap-weighted index of 600 US small-cap companies.

ProShares Ultra SmallCap600 (SAA) Chart

Key Statistics of ProShares Ultra SmallCap600 (SAA)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
72.10%
Financials
5.50%
Industrials
5.15%
Consumer Discretionary
3.90%
Information Technology
3.18%
Health Care
3.10%
Real Estate
2.00%
Materials
1.50%
Energy
1.28%
Communication Services
1.04%
Consumer Staples
0.76%
Utilities
0.49%

FAQ's for ProShares Ultra SmallCap600 (SAA)

As of September 2026, ProShares Ultra SmallCap600 SAA 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 SmallCap600 using these criteria to determine its compliance status.
The Shariah compliance status of ProShares Ultra SmallCap600 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 SmallCap600 on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.