Is ProShares Ultra Consumer Staples halal to invest in?

As of September 2026, ProShares Ultra Consumer Staples UGE 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 Consumer Staples 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 Consumer Staples using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares Ultra Consumer Staples updated?

The Shariah compliance status of ProShares Ultra Consumer Staples 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 Consumer Staples 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 Consumer Staples?

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

ProShares Ultra Consumer Staples UGE

UGE Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares Ultra Consumer Staples is classified as not halal.

NOT HALAL

Is ProShares Ultra Consumer Staples ETF Halal?

Shariah Compliance Analysis of UGE ETF

US Equity Consumer Staples

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

UGE was created on 2007-01-30 by ProShares. The fund's investment portfolio concentrates primarily on consumer staples equity. UGE provides 2x exposure to a market cap-weighted index of consumer staples stocks drawn from the S&P 500.

ProShares Ultra Consumer Staples (UGE) Chart

Key Statistics of ProShares Ultra Consumer Staples (UGE)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
70.58%
Consumer Staples
29.42%

FAQ's for ProShares Ultra Consumer Staples (UGE)

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