Is ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN halal to invest in?

As of September 2026, ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN USML 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 ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN 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 ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN using these criteria to determine its compliance status.

How often is the Shariah compliance for ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN updated?

The Shariah compliance status of ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Where can I check the Shariah status of ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN?

You can check the latest Shariah compliance status of ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN USML

USML Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN is classified as not halal.

NOT HALAL

Is ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN ETF Halal?

Shariah Compliance Analysis of USML ETF

US Equity Total Market

No. As of September 2026, ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN does not pass Musaffa's business and financial screening criteria.

USML was created on 2021-02-05 by ETRACS. The fund's investment portfolio concentrates primarily on total market equity. USML provides 2x leveraged exposure to an index of US large- and mid-cap securities selected and weighted to create a low-volatility portfolio, subject to various constraints.

ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML) Chart

Key Statistics of ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML)

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FAQ's for ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN (USML)

As of September 2026, ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN USML 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 ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN using these criteria to determine its compliance status.
The Shariah compliance status of ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN 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 ETRACS 2x Leveraged MSCI US Minimum Volatility Factor TR ETN on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.