Is ProShares Ultra S&P 500 halal to invest in?

As of September 2026, ProShares Ultra S&P 500 SSO 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 Ultra S&P 500 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 Ultra S&P 500 using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares Ultra S&P 500 updated?

The Shariah compliance status of ProShares Ultra S&P 500 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 Ultra S&P 500 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 Ultra S&P 500?

You can check the latest Shariah compliance status of ProShares Ultra S&P 500 on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ProShares Ultra S&P 500 SSO

SSO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares Ultra S&P 500 is classified as not halal.

NOT HALAL

Is ProShares Ultra S&P 500 ETF Halal?

Shariah Compliance Analysis of SSO ETF

US Equity Large Cap

No. As of September 2026, ProShares Ultra S&P 500 (SSO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares Ultra S&P 500 does not pass Musaffa's business and financial screening criteria.

SSO was created on 2006-06-19 by ProShares. The fund's investment portfolio concentrates primarily on large cap equity. SSO provides 2x daily leveraged exposure to a market cap-weighted index of 500 large- and mid-cap US companies selected by S&P.

ProShares Ultra S&P 500 (SSO) Chart

Key Statistics of ProShares Ultra S&P 500 (SSO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
72.68%
Information Technology
8.93%
Financials
3.44%
Consumer Discretionary
3.02%
Health Care
2.95%
Industrials
2.42%
Communication Services
2.07%
Consumer Staples
1.59%
Energy
0.99%
Utilities
0.69%
Real Estate
0.63%
Materials
0.59%

FAQ's for ProShares Ultra S&P 500 (SSO)

As of September 2026, ProShares Ultra S&P 500 SSO 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 Ultra S&P 500 using these criteria to determine its compliance status.
The Shariah compliance status of ProShares Ultra S&P 500 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 Ultra S&P 500 on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.