BetaPro -3x Nasdaq-100 Daily Leveraged Bear Alternative ETF SQQQ.TO
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SQQQ.TO Shariah Compliance
Screening Methodology: AAOIFI
As of September 2026, BetaPro -3x Nasdaq-100 Daily Leveraged Bear Alternative ETF is classified as not halal.
NOT HALAL
Is BetaPro -3x Nasdaq-100 Daily Leveraged Bear Alternative ETF Halal?
Shariah Compliance Analysis of SQQQ.TO ETF
CA Equity Large Cap No. As of September 2026, BetaPro -3x Nasdaq-100 Daily Leveraged Bear Alternative ETF (SQQQ.TO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. BetaPro -3x Nasdaq-100 Daily Leveraged Bear Alternative ETF does not pass Musaffa's business and financial screening criteria.
SQQQ.TO was created on 2025-06-16 by BetaPro. The fund's investment portfolio concentrates primarily on large cap equity. The fund provides 3x daily inverse exposure to a modified market cap-weighted index of 100 large non-financial companies listed on Nasdaq.
BetaPro -3x Nasdaq-100 Daily Leveraged Bear Alternative ETF (SQQQ.TO) Chart
Key Statistics of BetaPro -3x Nasdaq-100 Daily Leveraged Bear Alternative ETF (SQQQ.TO)
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-FAQ's for BetaPro -3x Nasdaq-100 Daily Leveraged Bear Alternative ETF (SQQQ.TO)
- As of September 2026, BetaPro -3x Nasdaq-100 Daily Leveraged Bear Alternative ETF SQQQ.TO 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 BetaPro -3x Nasdaq-100 Daily Leveraged Bear Alternative ETF using these criteria to determine its compliance status.
- The Shariah compliance status of BetaPro -3x Nasdaq-100 Daily Leveraged Bear Alternative ETF 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 BetaPro -3x Nasdaq-100 Daily Leveraged Bear Alternative ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.