Is ProShares Ultra FTSE Europe halal to invest in?

As of September 2026, ProShares Ultra FTSE Europe UPV 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 FTSE Europe 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 FTSE Europe using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares Ultra FTSE Europe updated?

The Shariah compliance status of ProShares Ultra FTSE Europe 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 FTSE Europe 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 FTSE Europe?

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

ProShares Ultra FTSE Europe UPV

UPV Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ProShares Ultra FTSE Europe is classified as not halal.

NOT HALAL

Is ProShares Ultra FTSE Europe ETF Halal?

Shariah Compliance Analysis of UPV ETF

US Equity Total Market

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

UPV was created on 2010-04-29 by ProShares. The fund's investment portfolio concentrates primarily on total market equity. UPV provides daily 2x exposure to a market-cap-weighted index that measures the equity performance of Europe's developed markets.

ProShares Ultra FTSE Europe (UPV) Chart

Key Statistics of ProShares Ultra FTSE Europe (UPV)

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FAQ's for ProShares Ultra FTSE Europe (UPV)

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