Is ETFMG Prime 2X Daily Junior Silver Miners ETF halal to invest in?

As of September 2026, ETFMG Prime 2X Daily Junior Silver Miners ETF SILX 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 ETFMG Prime 2X Daily Junior Silver Miners 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 ETFMG Prime 2X Daily Junior Silver Miners ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for ETFMG Prime 2X Daily Junior Silver Miners ETF updated?

The Shariah compliance status of ETFMG Prime 2X Daily Junior Silver Miners 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 ETFMG Prime 2X Daily Junior Silver Miners 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 ETFMG Prime 2X Daily Junior Silver Miners ETF?

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

ETFMG Prime 2X Daily Junior Silver Miners ETF SILX

SILX Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ETFMG Prime 2X Daily Junior Silver Miners ETF is classified as not halal.

NOT HALAL

Is ETFMG Prime 2X Daily Junior Silver Miners ETF Halal?

Shariah Compliance Analysis of SILX ETF

US Equity Materials

No. As of September 2026, ETFMG Prime 2X Daily Junior Silver Miners ETF (SILX) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ETFMG Prime 2X Daily Junior Silver Miners ETF does not pass Musaffa's business and financial screening criteria.

SILX was created on 2021-06-15 by ETF Managers Group. The fund's investment portfolio concentrates primarily on materials equity. SILX tracks 2x the daily price movements of an index of small-cap silver mining and exploration companies.

ETFMG Prime 2X Daily Junior Silver Miners ETF (SILX) Chart

Key Statistics of ETFMG Prime 2X Daily Junior Silver Miners ETF (SILX)

Today's Open

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Avg. Volume

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FAQ's for ETFMG Prime 2X Daily Junior Silver Miners ETF (SILX)

As of September 2026, ETFMG Prime 2X Daily Junior Silver Miners ETF SILX 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 ETFMG Prime 2X Daily Junior Silver Miners ETF using these criteria to determine its compliance status.
The Shariah compliance status of ETFMG Prime 2X Daily Junior Silver Miners 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 ETFMG Prime 2X Daily Junior Silver Miners ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.