Is ProShares Ultra MSCI Brazil Capped halal to invest in?

As of September 2026, ProShares Ultra MSCI Brazil Capped UBR 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 MSCI Brazil Capped 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 MSCI Brazil Capped using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares Ultra MSCI Brazil Capped updated?

The Shariah compliance status of ProShares Ultra MSCI Brazil Capped 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 MSCI Brazil Capped 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 MSCI Brazil Capped?

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

ProShares Ultra MSCI Brazil Capped UBR

UBR Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares Ultra MSCI Brazil Capped is classified as not halal.

NOT HALAL

Is ProShares Ultra MSCI Brazil Capped ETF Halal?

Shariah Compliance Analysis of UBR ETF

US Equity Total Market

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

UBR was created on 2010-04-29 by ProShares. The fund's investment portfolio concentrates primarily on total market equity. UBR provides 2x daily leveraged exposure to a market cap-weighted index comprising large- and mid-cap companies operating in Brazil, capturing approximately 85% of the Brazilian equity market.

ProShares Ultra MSCI Brazil Capped (UBR) Chart

Key Statistics of ProShares Ultra MSCI Brazil Capped (UBR)

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FAQ's for ProShares Ultra MSCI Brazil Capped (UBR)

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