Is Direxion World Without Waste ETF halal to invest in?

As of September 2026, Direxion World Without Waste ETF WWOW 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 Direxion World Without Waste ETF 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 Direxion World Without Waste ETF using these criteria to determine its compliance status.

How often is the Shariah compliance for Direxion World Without Waste ETF updated?

The Shariah compliance status of Direxion World Without Waste ETF may be updated periodically when new portfolio disclosures, financial statements of underlying companies, or other relevant information becomes available.

Can a halal ETF like Direxion World Without Waste ETF 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 Direxion World Without Waste ETF?

You can check the latest Shariah compliance status of Direxion World Without Waste ETF on Musaffa's ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.

Direxion World Without Waste ETF WWOW

WWOW Shariah Compliance

Screening Methodology: AAOIFI

As of September 2026, Direxion World Without Waste ETF is classified as not halal.

NOT HALAL

Is Direxion World Without Waste ETF Halal?

Shariah Compliance Analysis of WWOW ETF

US Equity Theme

No. As of September 2026, Direxion World Without Waste ETF (WWOW) is classified as NOT HALAL by Musaffa under its AAOIFI-based Shariah screening methodology. Direxion World Without Waste ETF does not pass Musaffa's business and financial screening criteria.

WWOW was created on 2020-12-17 by Direxion. The fund's investment portfolio concentrates primarily on theme equity. The ETF currently has 2.49m in AUM and 50 holdings. WWOW tracks an equal-weighted index of 50 US-listed companies engaged in or positioned to benefit most from the potential shift from linear to circular economic model.

Direxion World Without Waste ETF (WWOW) Chart

Key Statistics of Direxion World Without Waste ETF (WWOW)

Today's Open

AUM

Avg. Volume

Expense Ratio

P/E Ratio

P/B Ratio

Sector Exposure

Industrials
32.15%
Information Technology
26.68%
Consumer Discretionary
16.12%
Utilities
10.98%
Communication Services
8.63%
Materials
3.83%
Health Care
1.61%

FAQ's for Direxion World Without Waste ETF (WWOW)

As of September 2026, Direxion World Without Waste ETF WWOW 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 Direxion World Without Waste ETF using these criteria to determine its compliance status.
The Shariah compliance status of Direxion World Without Waste ETF 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 Direxion World Without Waste ETF on Musaffa’s ETF page, where screening results and key indicators are updated to help Muslim investors make informed decisions.