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MegaLong (3X) S&P 500 Daily Leveraged Alternative ETF SPYU.TO

Is MegaLong (3X) S&P 500 Daily Leveraged Alternative ETF Halal?

Shariah Compliance Analysis of SPYU.TO ETF

No. As of October 2026, MegaLong (3X) S&P 500 Daily Leveraged Alternative ETF (SPYU.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

SPYU.TO was created on 2025-05-22 by LongPoint. The fund's investment portfolio concentrates primarily on large cap equity. SPYU.TO provides 3x leveraged daily exposure to a market cap-weighted index of large-cap and mid-cap US companies selected by the S&P Committee. The fund does not hedge the USD currency exposure.

SPYU.TO Shariah Compliance

As of October 2026, MegaLong (3X) S&P 500 Daily Leveraged Alternative ETF is classified as not halal.

NOT HALAL

MegaLong (3X) S&P 500 Daily Leveraged Alternative ETF (SPYU.TO) Chart

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