Tuttle Capital Daily 2X Inverse Regional Banks ETF SKRE
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SKRE Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, Tuttle Capital Daily 2X Inverse Regional Banks ETF is classified as not halal.
NOT HALAL
Is Tuttle Capital Daily 2X Inverse Regional Banks ETF Halal?
Shariah Compliance Analysis of SKRE ETF
US Equity Financials No. As of September 2026, Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Tuttle Capital Daily 2X Inverse Regional Banks ETF does not pass Musaffa's business and financial screening criteria.
SKRE was created on 2024-01-03 by Tuttle Capital. The fund's investment portfolio concentrates primarily on financials equity. SKRE is an actively managed fund-of-funds aiming to achieve 2x the return, for a single day, of the SPDR S&P Regional Banking ETF (KRE) through swap agreements with major global financial institutions.
Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE) Chart
Key Statistics of Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE)
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-FAQ's for Tuttle Capital Daily 2X Inverse Regional Banks ETF (SKRE)
- As of September 2026, Tuttle Capital Daily 2X Inverse Regional Banks ETF SKRE 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 Tuttle Capital Daily 2X Inverse Regional Banks ETF using these criteria to determine its compliance status.
- The Shariah compliance status of Tuttle Capital Daily 2X Inverse Regional Banks 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 Tuttle Capital Daily 2X Inverse Regional Banks ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.