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ProShares UltraPro Short MidCap400 SMDD

Is ProShares UltraPro Short MidCap400 ETF Halal?

Shariah Compliance Analysis of SMDD ETF

No. As of October 2026, ProShares UltraPro Short MidCap400 (SMDD) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

SMDD was created on 2010-02-11 by ProShares. The fund's investment portfolio concentrates primarily on mid cap equity. SMDD provides geared inverse (-3x) exposure to a market cap-weighted index of 400 US mid-cap companies.

SMDD Shariah Compliance

As of October 2026, ProShares UltraPro Short MidCap400 is classified as not halal.

NOT HALAL

ProShares UltraPro Short MidCap400 (SMDD) Chart

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