Is ProShares UltraShort Materials halal to invest in?

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

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

The Shariah compliance status of ProShares UltraShort Materials 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 Materials 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 Materials?

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

ProShares UltraShort Materials SMN

SMN Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is ProShares UltraShort Materials ETF Halal?

Shariah Compliance Analysis of SMN ETF

US Equity Materials

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

SMN was created on 2007-01-30 by ProShares. The fund's investment portfolio concentrates primarily on materials equity. SMN provides -200% exposure to a market-cap-weighted index that measures the performance of companies involved in the production of certain metals, chemicals and paper products.

ProShares UltraShort Materials (SMN) Chart

Key Statistics of ProShares UltraShort Materials (SMN)

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FAQ's for ProShares UltraShort Materials (SMN)

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