Is ProShares UltraPro Short S&P500 halal to invest in?

As of September 2026, ProShares UltraPro Short S&P500 SPXU 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 UltraPro Short S&P500 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 UltraPro Short S&P500 using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares UltraPro Short S&P500 updated?

The Shariah compliance status of ProShares UltraPro Short S&P500 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 UltraPro Short S&P500 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 UltraPro Short S&P500?

You can check the latest Shariah compliance status of ProShares UltraPro Short S&P500 on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ProShares UltraPro Short S&P500 SPXU

SPXU Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares UltraPro Short S&P500 is classified as not halal.

NOT HALAL

Is ProShares UltraPro Short S&P500 ETF Halal?

Shariah Compliance Analysis of SPXU ETF

US Equity Large Cap

No. As of September 2026, ProShares UltraPro Short S&P500 (SPXU) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares UltraPro Short S&P500 does not pass Musaffa's business and financial screening criteria.

SPXU was created on 2009-06-25 by ProShares. The fund's investment portfolio concentrates primarily on large cap equity. SPXU provides (-3x) exposure to a market-cap weighted index of 500 large- and mid-cap US companies selected by the S&P Committee.

ProShares UltraPro Short S&P500 (SPXU) Chart

Key Statistics of ProShares UltraPro Short S&P500 (SPXU)

Today's Open

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Avg. Volume

Expense Ratio

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FAQ's for ProShares UltraPro Short S&P500 (SPXU)

As of September 2026, ProShares UltraPro Short S&P500 SPXU 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 UltraPro Short S&P500 using these criteria to determine its compliance status.
The Shariah compliance status of ProShares UltraPro Short S&P500 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 UltraPro Short S&P500 on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.