Is ProShares UltraShort Industrials halal to invest in?

As of September 2026, ProShares UltraShort Industrials SIJ 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 UltraShort Industrials 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 UltraShort Industrials using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares UltraShort Industrials updated?

The Shariah compliance status of ProShares UltraShort Industrials 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 UltraShort Industrials 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 UltraShort Industrials?

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

ProShares UltraShort Industrials SIJ

SIJ Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares UltraShort Industrials is classified as not halal.

NOT HALAL

Is ProShares UltraShort Industrials ETF Halal?

Shariah Compliance Analysis of SIJ ETF

US Equity Industrials

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

SIJ was created on 2007-01-30 by ProShares. The fund's investment portfolio concentrates primarily on industrials equity. SIJ provides 2x inverse daily exposure to a market cap-weighted index of S&P 500 industrial stocks.

ProShares UltraShort Industrials (SIJ) Chart

Key Statistics of ProShares UltraShort Industrials (SIJ)

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FAQ's for ProShares UltraShort Industrials (SIJ)

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