Is ProShares UltraPro S&P500 halal to invest in?

As of September 2026, ProShares UltraPro S&P500 UPRO 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 S&P500 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 S&P500 using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares UltraPro S&P500 updated?

The Shariah compliance status of ProShares UltraPro S&P500 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 S&P500 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 S&P500?

You can check the latest Shariah compliance status of ProShares UltraPro S&P500 on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ProShares UltraPro S&P500 UPRO

UPRO Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares UltraPro S&P500 is classified as not halal.

NOT HALAL

Is ProShares UltraPro S&P500 ETF Halal?

Shariah Compliance Analysis of UPRO ETF

US Equity Large Cap

No. As of September 2026, ProShares UltraPro S&P500 (UPRO) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ProShares UltraPro S&P500 does not pass Musaffa's business and financial screening criteria.

UPRO was created on 2009-06-25 by ProShares. The fund's investment portfolio concentrates primarily on large cap equity. UPRO provides 3x leveraged daily exposure to a market cap-weighted index of large-cap and mid-cap US companies selected by the S&P Committee.

ProShares UltraPro S&P500 (UPRO) Chart

Key Statistics of ProShares UltraPro S&P500 (UPRO)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
85.43%
Information Technology
4.98%
Health Care
1.77%
Financials
1.61%
Consumer Discretionary
1.49%
Industrials
1.22%
Communication Services
1.10%
Consumer Staples
0.88%
Energy
0.53%
Utilities
0.34%
Materials
0.33%
Real Estate
0.32%

FAQ's for ProShares UltraPro S&P500 (UPRO)

As of September 2026, ProShares UltraPro S&P500 UPRO 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 S&P500 using these criteria to determine its compliance status.
The Shariah compliance status of ProShares UltraPro S&P500 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 S&P500 on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.