NYSE: Closed
NASDAQ: Closed
LSE: Closed
TSX: Closed
Nikkei: Closed
Shanghai: Closed
Wed, May 20 08:18 PM
Wednesday, May 20, 2026 8:18:11 PM
Non-Compliant
DRIP
Quality Rating
B
Minimal compliance quality
The DRIP ETF seeks 200% inverse daily performance of the S&P Oil & Gas Exploration & Production Index. Due to its leveraged structure using derivatives, it is deemed non-compliant with Shariah principles across all major indices and authorities. Financial ratios are inapplicable due to the ETF format, but the core issue is the speculative nature introducing gharar and maysir.
Purification Required
0.00%
minimal
Minimal purification needed for dividend income
Index Inclusion
Excluded from all major Shariah indices (S&P, MSCI, FTSE, DJIM)
Key Compliance Considerations
- Speculative leveraged inverse structure involving derivatives and swaps
- Inapplicable financial ratios due to ETF format (debt: 0.00%, liquidity: 0.00%, interest: 0.00%, non-permissible: 0.00%)
- Exclusion from all major Shariah indices due to gharar and maysir
Debt Ratio
0.0%
Liquidity Ratio
0.0%
Interest Income Ratio
0.0%
Purification
0.00%