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ProShares Ultra Utilities UPW

Is ProShares Ultra Utilities ETF Halal?

Shariah Compliance Analysis of UPW ETF

No. As of October 2026, ProShares Ultra Utilities (UPW) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology.

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.

UPW Shariah Compliance

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

NOT HALAL

ProShares Ultra Utilities (UPW) Chart

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