Is ProShares Ultra Financials halal to invest in?

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

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

The Shariah compliance status of ProShares Ultra Financials 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 Financials 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 Financials?

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

ProShares Ultra Financials UYG

UYG Shariah Compliance

Screening Methodology: AAOIFI

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

NOT HALAL

Is ProShares Ultra Financials ETF Halal?

Shariah Compliance Analysis of UYG ETF

US Equity Financials

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

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

ProShares Ultra Financials (UYG) Chart

Key Statistics of ProShares Ultra Financials (UYG)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Other
79.69%
Financials
20.31%

FAQ's for ProShares Ultra Financials (UYG)

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