Is Direxion Nanotechnology ETF halal to invest in?

As of September 2026, Direxion Nanotechnology ETF TYNE 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 Direxion Nanotechnology ETF 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 Direxion Nanotechnology ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Direxion Nanotechnology ETF updated?

The Shariah compliance status of Direxion Nanotechnology ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Direxion Nanotechnology ETF 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 Direxion Nanotechnology ETF?

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

Direxion Nanotechnology ETF TYNE

TYNE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Direxion Nanotechnology ETF is classified as not halal.

NOT HALAL

Is Direxion Nanotechnology ETF Halal?

Shariah Compliance Analysis of TYNE ETF

US Equity Theme

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

TYNE was created on 2021-11-23 by Direxion. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 1.28m in AUM and 31 holdings. TYNE tracks a modified equal-weighted index of US-listed companies involved in the nanotechnology industry. The exposure spans across traditional sectors of consumer discretionary, health care, industrials, information technology and materials.

Direxion Nanotechnology ETF (TYNE) Chart

Key Statistics of Direxion Nanotechnology ETF (TYNE)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Health Care
72.89%
Information Technology
15.74%
Industrials
5.98%
Materials
3.01%
Consumer Discretionary
2.39%

FAQ's for Direxion Nanotechnology ETF (TYNE)

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