As of September 2026, Tradr 1X Short Innovation Daily ETF is classified as not halal.
NOT HALAL
Is Tradr 1X Short Innovation Daily ETF Halal?
Shariah Compliance Analysis of SARK ETF
US Equity Theme
No. As of September 2026, Tradr 1X Short Innovation Daily ETF (SARK) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Tradr 1X Short Innovation Daily ETF does not pass Musaffa's business and financial screening criteria.
SARK was created on 2021-11-05 by Tradr. The fund's investment portfolio concentrates primarily on theme equity. SARK is actively managed, seeking to achieve -1x the return, for a single day, of the Invesco QQQ Trust (QQQ) through swap agreements with major global financial institutions.
Tradr 1X Short Innovation Daily ETF (SARK) Chart
Key Statistics of Tradr 1X Short Innovation Daily ETF (SARK)
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FAQ's for Tradr 1X Short Innovation Daily ETF (SARK)
As of September 2026, Tradr 1X Short Innovation Daily ETF SARK 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 Tradr 1X Short Innovation Daily ETF using these criteria to determine its compliance status.
The Shariah compliance status of Tradr 1X Short Innovation Daily ETF 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 Tradr 1X Short Innovation Daily ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.