Is Direxion Daily SHOP Bull 2X ETF halal to invest in?

As of September 2026, Direxion Daily SHOP Bull 2X ETF SHPU 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 Direxion Daily SHOP Bull 2X ETF 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 Direxion Daily SHOP Bull 2X ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Direxion Daily SHOP Bull 2X ETF updated?

The Shariah compliance status of Direxion Daily SHOP Bull 2X ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Direxion Daily SHOP Bull 2X ETF 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 Direxion Daily SHOP Bull 2X ETF?

You can check the latest Shariah compliance status of Direxion Daily SHOP Bull 2X ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Direxion Daily SHOP Bull 2X ETF SHPU

SHPU Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Direxion Daily SHOP Bull 2X ETF is classified as not halal.

NOT HALAL

Is Direxion Daily SHOP Bull 2X ETF Halal?

Shariah Compliance Analysis of SHPU ETF

US Equity Information Technology

No. As of September 2026, Direxion Daily SHOP Bull 2X ETF (SHPU) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Direxion Daily SHOP Bull 2X ETF does not pass Musaffa's business and financial screening criteria.

SHPU was created on 2025-08-06 by Direxion. The fund's investment portfolio concentrates primarily on information technology equity. SHPU provides 2x leveraged exposure to the daily price performance of the common shares of Shopify Inc. (SHOP).

Direxion Daily SHOP Bull 2X ETF (SHPU) Chart

Key Statistics of Direxion Daily SHOP Bull 2X ETF (SHPU)

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FAQ's for Direxion Daily SHOP Bull 2X ETF (SHPU)

As of September 2026, Direxion Daily SHOP Bull 2X ETF SHPU 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 Direxion Daily SHOP Bull 2X ETF using these criteria to determine its compliance status.
The Shariah compliance status of Direxion Daily SHOP Bull 2X 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 Direxion Daily SHOP Bull 2X ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.