Is ProShares UltraPro QQQ halal to invest in?

As of September 2026, ProShares UltraPro QQQ TQQQ 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 QQQ 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 QQQ using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares UltraPro QQQ updated?

The Shariah compliance status of ProShares UltraPro QQQ 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 QQQ 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 QQQ?

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

ProShares UltraPro QQQ TQQQ

TQQQ Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares UltraPro QQQ is classified as not halal.

NOT HALAL

Is ProShares UltraPro QQQ ETF Halal?

Shariah Compliance Analysis of TQQQ ETF

US Equity Large Cap

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

TQQQ was created on 2010-02-09 by ProShares. The fund's investment portfolio concentrates primarily on large cap equity. TQQQ provides 3x leveraged exposure to a modified market-cap-weighted index tracking 100 of the largest non-financial firms listed on NASDAQ.

ProShares UltraPro QQQ (TQQQ) Chart

Key Statistics of ProShares UltraPro QQQ (TQQQ)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
91.29%
Information Technology
4.44%
Consumer Discretionary
1.27%
Communication Services
1.23%
Consumer Staples
0.52%
Health Care
0.49%
Industrials
0.41%
Materials
0.12%
Utilities
0.11%
Financials
0.05%
Energy
0.05%
Real Estate
0.02%

FAQ's for ProShares UltraPro QQQ (TQQQ)

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