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Direxion Daily S&P 500 Bull 2x Shares SPUU

Is Direxion Daily S&P 500 Bull 2x Shares ETF Halal?

Shariah Compliance Analysis of SPUU ETF

No. As of October 2026, Direxion Daily S&P 500 Bull 2x Shares (SPUU) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

SPUU was created on 2014-05-28 by Direxion. The fund's investment portfolio concentrates primarily on large cap equity. SPUU provides 2x daily leveraged exposure to the S&P 500, a market-cap-weighted index of US large-cap stocks selected by S&Ps index committee.

SPUU Shariah Compliance

As of October 2026, Direxion Daily S&P 500 Bull 2x Shares is classified as not halal.

NOT HALAL

Direxion Daily S&P 500 Bull 2x Shares (SPUU) Chart

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