Is ProShares Ultra Utilities halal to invest in?

As of September 2026, ProShares Ultra Utilities UPW 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 Utilities 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 Utilities using these criteria to determine its compliance status.

How often is the Shariah compliance for ProShares Ultra Utilities updated?

The Shariah compliance status of ProShares Ultra Utilities 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 Utilities 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 Utilities?

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

ProShares Ultra Utilities UPW

UPW Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is ProShares Ultra Utilities ETF Halal?

Shariah Compliance Analysis of UPW ETF

US Equity Utilities

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

UPW was created on 2007-01-30 by ProShares. The fund's investment portfolio concentrates primarily on utilities equity. UPW provides 2x leveraged exposure to a market cap-weighted index of S&P 500 utilities stocks.

ProShares Ultra Utilities (UPW) Chart

Key Statistics of ProShares Ultra Utilities (UPW)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
63.53%
Utilities
36.47%

FAQ's for ProShares Ultra Utilities (UPW)

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